Duke Energy Corp (DUK) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on Duke Energy Corp. Shares were Reiterated by Scotia Howard Weil on Nov 7, 2016 to “Sector Perform” and Lowered the Price Target to $ 83 from a previous price target of $88 .
On the company’s financial health, Duke Energy Corp reported $1.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Nov 4, 2016. Analyst had a consensus of $1.58. The company had revenue of $6821.00 million for the quarter, compared to analysts expectations of $6700.93 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS.
Duke Energy Corp closed down -0.27 points or -0.37% at $73.6 with 44,50,492 shares getting traded on Monday. Post opening the session at $74.01, the shares hit an intraday low of $73.34 and an intraday high of $74.21 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 21, 2016, John H Forsgren (director) purchased 1,000 shares at $77.80 per share price. According to the SEC, on Nov 21, 2016, Steven K Young (EVP & CFO) sold 6,800 shares at $74.17 per share price. On Aug 11, 2016, Douglas F Esamann (EVP & Pres Midwest & Florida) sold 3,000 shares at $84.58 per share price, according to the Form-4 filing with the securities and exchange commission.
Duke Energy Corporation is an energy company. Duke Energy conducts its operations in three business segments: Regulated Utilities International Energy and Commercial Power. The Company’s Regulated Utilities segment conducts operations primarily through Duke Energy Carolinas Duke Energy Progress Duke Energy Florida Duke Energy Indiana and Duke Energy Ohio. The Company’s International Energy segment principally operates and manages power generation facilities and engages in sales and marketing of electric power natural gas and natural gas liquids outside the United States. The Company’s Commercial Power builds develops and operates wind and solar renewable generation and energy transmission projects throughout the continental United States. Duke Energy operates in the United States and Latin America primarily through its direct and indirect subsidiaries.