Guggenheim Reiterates “Buy” Rating for Duke Energy (DUK)

Duke Energy (NYSE:DUK)‘s stock had its “buy” rating reissued by equities researchers at Guggenheim in a research report issued to clients and investors on Wednesday. They currently have a $96.00 target price on the utilities provider’s stock. Guggenheim’s price objective would indicate a potential upside of 15.34% from the company’s previous close.

A number of other brokerages have also weighed in on DUK. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Wolfe Research raised Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. SunTrust Banks reaffirmed a “hold” rating and set a $90.00 target price on shares of Duke Energy in a report on Monday, November 6th. Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $87.00 target price on shares of Duke Energy in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Duke Energy presently has an average rating of “Hold” and a consensus target price of $87.34.

Shares of Duke Energy (NYSE:DUK) traded down $0.88 during mid-day trading on Wednesday, hitting $83.23. The stock had a trading volume of 3,167,900 shares, compared to its average volume of 2,689,250. 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 $58,190.00, a price-to-earnings ratio of 21.85, a PEG ratio of 4.35 and a beta of 0.26. Duke Energy has a fifty-two week low of $76.14 and a fifty-two week high of $91.80.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 earnings per share. equities analysts expect that Duke Energy will post 4.56 earnings per share for the current year.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Atlantic Trust Group LLC lifted its position in shares of Duke Energy by 52.5% in the third quarter. Atlantic Trust Group LLC now owns 26,754 shares of the utilities provider’s stock valued at $2,244,000 after acquiring an additional 9,213 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Duke Energy by 6.0% in the third quarter. Parametric Portfolio Associates LLC now owns 1,862,232 shares of the utilities provider’s stock valued at $156,279,000 after acquiring an additional 105,013 shares in the last quarter. AXA lifted its position in shares of Duke Energy by 7.6% in the third quarter. AXA now owns 681,866 shares of the utilities provider’s stock valued at $57,222,000 after acquiring an additional 48,264 shares in the last quarter. Shelton Capital Management lifted its position in shares of Duke Energy by 12.7% in the third quarter. Shelton Capital Management now owns 16,650 shares of the utilities provider’s stock valued at $1,397,000 after acquiring an additional 1,871 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Duke Energy in the third quarter valued at approximately $1,603,000. 57.23% of the stock is currently owned by institutional investors.

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About Duke Energy

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 (NYSE:DUK)

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