Duke Energy Corporation (DUK) Rating Reiterated by SunTrust Banks, Inc.
Duke Energy Corporation (NYSE:DUK)‘s stock had its “hold” rating restated by analysts at SunTrust Banks, Inc. in a research note issued on Thursday. They presently have a $88.00 target price on the utilities provider’s stock. SunTrust Banks, Inc.’s price objective points to a potential upside of 1.18% from the stock’s current price.
Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Morgan Stanley lifted their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. Finally, BidaskClub lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $84.18.
Shares of Duke Energy Corporation (DUK) traded up 0.67% during midday trading on Thursday, reaching $86.97. 2,272,890 shares of the company’s stock traded hands. The company has a 50-day moving average of $86.04 and a 200-day moving average of $84.75. Duke Energy Corporation has a one year low of $72.34 and a one year high of $88.40. The company has a market capitalization of $60.87 billion, a price-to-earnings ratio of 25.76 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $5.56 billion during 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%. Duke Energy Corporation’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share. Equities research analysts anticipate that Duke Energy Corporation will post $4.60 EPS for the current year.
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In related news, EVP Douglas F. Esamann sold 5,000 shares of the company’s 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 sale, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in DUK. HPM Partners LLC bought a new position in Duke Energy Corporation in the first quarter worth about $708,000. Cobblestone Capital Advisors LLC NY raised its holdings in Duke Energy Corporation by 15.0% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 4,599 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 599 shares in the last quarter. Davis R M Inc. raised its holdings in Duke Energy Corporation by 25.2% in the first quarter. Davis R M Inc. now owns 3,905 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 786 shares in the last quarter. Pinnacle Financial Partners Inc. raised its holdings in Duke Energy Corporation by 32.2% in the first quarter. Pinnacle Financial Partners Inc. now owns 38,005 shares of the utilities provider’s stock worth $3,117,000 after purchasing an additional 9,267 shares in the last quarter. Finally, Strategic Advisors LLC raised its holdings in Duke Energy Corporation by 2.0% in the first quarter. Strategic Advisors LLC now owns 35,356 shares of the utilities provider’s stock worth $2,900,000 after purchasing an additional 705 shares in the last quarter. 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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