Duke Energy (NYSE:DUK – Get Free Report) had its price target raised by equities research analysts at Bank of America from $96.00 to $100.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Bank of America‘s price objective indicates a potential upside of 5.37% from the company’s current price.
A number of other analysts have also recently commented on DUK. Mizuho upped their price target on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Wells Fargo & Company reduced their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. KeyCorp upped their price target on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. BMO Capital Markets reduced their price target on Duke Energy from $101.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. Finally, Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $101.00.
Read Our Latest Stock Report on DUK
Duke Energy Stock Down 0.4 %
DUK stock opened at $94.90 on Thursday. Duke Energy has a fifty-two week low of $83.06 and a fifty-two week high of $100.39. The business’s 50-day moving average is $94.09 and its two-hundred day moving average is $93.10. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. The company has a market cap of $73.21 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 2.54 and a beta of 0.46.
Duke Energy (NYSE:DUK – Get Free Report) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the prior year, the company posted $1.11 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, analysts forecast that Duke Energy will post 5.99 earnings per share for the current year.
Insider Buying and Selling
In related news, EVP Louis E. Renjel sold 3,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the sale, the executive vice president now owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Duke Energy
Several institutional investors have recently added to or reduced their stakes in the company. Beech Hill Advisors Inc. grew its holdings in Duke Energy by 11.6% during the 1st quarter. Beech Hill Advisors Inc. now owns 13,894 shares of the utilities provider’s stock valued at $1,344,000 after buying an additional 1,440 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Duke Energy by 8.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 27,892 shares of the utilities provider’s stock valued at $2,697,000 after purchasing an additional 2,068 shares during the last quarter. Mechanics Bank Trust Department lifted its stake in shares of Duke Energy by 4.6% in the 1st quarter. Mechanics Bank Trust Department now owns 20,764 shares of the utilities provider’s stock valued at $2,008,000 after purchasing an additional 913 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Duke Energy in the 1st quarter valued at approximately $30,000. Finally, Charles Schwab Trust Co bought a new stake in shares of Duke Energy in the 1st quarter valued at approximately $216,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.
About Duke Energy
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.
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Source: defenseworld.net
