Duke Energy (DUK) Given New $96.00 Price Target at Morgan Stanley
Duke Energy (NYSE:DUK) had its target price increased by analysts at Morgan Stanley from $95.00 to $96.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 9.55% from the stock’s current price.
Several other equities analysts have also commented on the stock. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Wolfe Research raised shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $87.00 price target on shares of Duke Energy in a research report on Tuesday, November 7th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $90.00 price target on shares of Duke Energy in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $87.21.
Shares of Duke Energy (NYSE:DUK) traded up $0.50 during mid-day trading on Wednesday, reaching $87.63. 2,055,881 shares of the company traded hands, compared to its average volume of 2,590,835. Duke Energy has a 1 year low of $74.95 and a 1 year high of $91.80. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $61,856.84, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 4.83 and a beta of 0.26.
Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the prior year, the business posted $1.68 earnings per share. Duke Energy’s revenue for the quarter was down 1.4% compared to the same quarter last year. sell-side analysts anticipate that Duke Energy will post 4.56 earnings per share for the current fiscal year.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction 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 insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DUK. Financial Advisory Service Inc. boosted its stake in shares of Duke Energy by 0.3% in the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock valued at $562,000 after purchasing an additional 17 shares during the period. Valley National Advisers Inc. boosted its stake in shares of Duke Energy by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock valued at $219,000 after purchasing an additional 18 shares during the period. Hodges Capital Management Inc. boosted its stake in shares of Duke Energy by 0.3% in the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock valued at $594,000 after purchasing an additional 19 shares during the period. Accredited Investors Inc. boosted its stake in shares of Duke Energy by 0.7% in the second quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock valued at $235,000 after purchasing an additional 19 shares during the period. Finally, Hudock Capital Group LLC boosted its stake in shares of Duke Energy by 0.3% in the second quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock valued at $699,000 after purchasing an additional 24 shares during the period. Institutional investors own 57.34% of the company’s stock.
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Duke Energy 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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