Duke Energy Corporation (DUK) Receives “Hold” Rating from SunTrust Banks, Inc.
Duke Energy Corporation (NYSE:DUK)‘s stock had its “hold” rating reaffirmed by SunTrust Banks, Inc. in a report issued on Wednesday. They presently have a $87.00 price objective on the utilities provider’s stock. SunTrust Banks, Inc.’s target price indicates a potential upside of 3.00% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 price objective on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. Morgan Stanley upped their price target on Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $84.00 price objective (up from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $83.31.
Shares of Duke Energy Corporation (NYSE:DUK) traded up 0.74% on Wednesday, reaching $84.47. The company had a trading volume of 3,074,281 shares. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.40. The company’s 50-day moving average price is $86.28 and its 200-day moving average price is $84.65. The firm has a market capitalization of $59.12 billion, a price-to-earnings ratio of 25.02 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current year.
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In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Winfield Associates Inc. raised its position in Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 165 shares during the period. Jolley Asset Management LLC boosted its holdings in Duke Energy Corporation by 26.4% in the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after buying an additional 313 shares during the period. Daiwa SB Investments Ltd. bought a new position in Duke Energy Corporation in the 2nd quarter worth $130,000. Advantage Investment Management LLC boosted its holdings in Duke Energy Corporation by 37.4% in the 1st quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after buying an additional 462 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Duke Energy Corporation by 84.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock worth $152,000 after buying an additional 848 shares during the period. 56.22% of the stock is owned by institutional investors.
Duke Energy Corporation Company Profile
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.
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