Duke Energy Corporation (NYSE:DUK) had its price target raised by equities research analysts at Morgan Stanley from $89.00 to $92.00 in a research note issued on Friday. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target indicates a potential upside of 4.81% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $82.00 to $85.00 in a report on Monday, June 26th. BidaskClub raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $87.00 price target on shares of Duke Energy Corporation in a report on Tuesday, August 29th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $83.11.

Shares of Duke Energy Corporation (NYSE DUK) traded up 0.50% during trading on Friday, hitting $87.78. 1,938,288 shares of the stock were exchanged. The firm has a 50 day moving average price of $86.20 and a 200 day moving average price of $84.06. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $88.03. The firm has a market capitalization of $61.44 billion, a P/E ratio of 26.00 and a beta of 0.25.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 EPS. Analysts forecast that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.

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In other news, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Duke Energy Corporation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock worth $4,183,115,000 after purchasing an additional 1,572,216 shares during the period. BlackRock Inc. lifted its position in shares of Duke Energy Corporation by 1.2% in the 2nd quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock worth $3,612,384,000 after purchasing an additional 506,596 shares during the period. State Street Corp lifted its position in shares of Duke Energy Corporation by 1.3% in the 1st quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock worth $2,781,737,000 after purchasing an additional 451,100 shares during the period. Federated Investors Inc. PA lifted its position in shares of Duke Energy Corporation by 1.5% in the 2nd quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock worth $791,919,000 after purchasing an additional 141,551 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Duke Energy Corporation by 33.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock worth $772,704,000 after purchasing an additional 2,345,114 shares during the period. Hedge funds and other institutional investors own 56.22% of the company’s stock.

About Duke Energy Corporation

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

Analyst Recommendations for Duke Energy Corporation (NYSE:DUK)

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