7. AFFORDABLE AND CLEAN ENERGY

Wells Fargo & Company Cuts Duke Energy (NYSE:DUK) Price Target to $100.00

Written by Amanda

Duke Energy (NYSE:DUKGet Free Report) had its price objective decreased by equities researchers at Wells Fargo & Company from $103.00 to $100.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 7.62% from the stock’s previous close.

A number of other research analysts have also recently issued reports on DUK. Bank of America decreased their price objective on shares of Duke Energy from $104.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. Morgan Stanley boosted their target price on shares of Duke Energy from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 21st. StockNews.com upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Finally, KeyCorp boosted their target price on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average price target of $100.42.

Read Our Latest Stock Report on DUK

Duke Energy Price Performance

Shares of DUK opened at $92.92 on Friday. The company has a 50 day moving average of $96.32 and a 200-day moving average of $92.38. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $71.61 billion, a P/E ratio of 59.01, a P/E/G ratio of 2.52 and a beta of 0.48. Duke Energy has a twelve month low of $83.06 and a twelve month high of $100.44.

Duke Energy (NYSE:DUKGet Free Report) last issued its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 4.47% and a return on equity of 8.24%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.11 earnings per share. As a group, equities research analysts forecast that Duke Energy will post 5.59 EPS for the current fiscal year.

Institutional Trading of Duke Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after purchasing an additional 1,002,157 shares in the last quarter. Geode Capital Management LLC lifted its stake in Duke Energy by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 14,863,706 shares of the utilities provider’s stock worth $1,330,739,000 after purchasing an additional 464,754 shares in the last quarter. Morgan Stanley lifted its stake in Duke Energy by 4.9% in the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock worth $923,907,000 after purchasing an additional 492,011 shares in the last quarter. Royal Bank of Canada raised its position in shares of Duke Energy by 2.7% during the 2nd quarter. Royal Bank of Canada now owns 9,635,102 shares of the utilities provider’s stock valued at $864,652,000 after buying an additional 257,665 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Duke Energy by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock valued at $799,599,000 after buying an additional 842,458 shares in the last quarter. 63.68% of the stock is currently owned by hedge funds and other institutional investors.

About Duke Energy

(Get Free Report)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments, Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.

See Also

Analyst Recommendations for Duke Energy (NYSE:DUK)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Duke Energy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Duke Energy wasn’t on the list.

While Duke Energy currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.

Get This Free Report

Source: marketbeat.com

Duke Energy (NYSE:DUKGet Free Report) had its price objective decreased by equities researchers at Wells Fargo & Company from $103.00 to $100.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 7.62% from the stock’s previous close.

A number of other research analysts have also recently issued reports on DUK. Bank of America decreased their price objective on shares of Duke Energy from $104.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. Morgan Stanley boosted their target price on shares of Duke Energy from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 21st. StockNews.com upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Finally, KeyCorp boosted their target price on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average price target of $100.42.

Read Our Latest Stock Report on DUK

Duke Energy Price Performance

Shares of DUK opened at $92.92 on Friday. The company has a 50 day moving average of $96.32 and a 200-day moving average of $92.38. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $71.61 billion, a P/E ratio of 59.01, a P/E/G ratio of 2.52 and a beta of 0.48. Duke Energy has a twelve month low of $83.06 and a twelve month high of $100.44.

Duke Energy (NYSE:DUKGet Free Report) last issued its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 4.47% and a return on equity of 8.24%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.11 earnings per share. As a group, equities research analysts forecast that Duke Energy will post 5.59 EPS for the current fiscal year.

Institutional Trading of Duke Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after purchasing an additional 1,002,157 shares in the last quarter. Geode Capital Management LLC lifted its stake in Duke Energy by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 14,863,706 shares of the utilities provider’s stock worth $1,330,739,000 after purchasing an additional 464,754 shares in the last quarter. Morgan Stanley lifted its stake in Duke Energy by 4.9% in the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock worth $923,907,000 after purchasing an additional 492,011 shares in the last quarter. Royal Bank of Canada raised its position in shares of Duke Energy by 2.7% during the 2nd quarter. Royal Bank of Canada now owns 9,635,102 shares of the utilities provider’s stock valued at $864,652,000 after buying an additional 257,665 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Duke Energy by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock valued at $799,599,000 after buying an additional 842,458 shares in the last quarter. 63.68% of the stock is currently owned by hedge funds and other institutional investors.

About Duke Energy

(Get Free Report)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments, Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.

See Also

Analyst Recommendations for Duke Energy (NYSE:DUK)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Duke Energy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Duke Energy wasn’t on the list.

While Duke Energy currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.

Get This Free Report

Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

Leave a Comment