Duke Energy (DUK) Given Hold Rating at SunTrust Banks

Duke Energy (NYSE:DUK)‘s stock had its “hold” rating reaffirmed by SunTrust Banks in a research report issued on Sunday. They currently have a $79.00 price target on the utilities provider’s stock. SunTrust Banks’ target price suggests a potential upside of 2.09% from the company’s previous close.

DUK has been the subject of a number of other research reports. Guggenheim reissued a “buy” rating and issued a $96.00 price target on shares of Duke Energy in a report on Wednesday, January 3rd. Goldman Sachs Group lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $80.11 to $88.00 in a report on Wednesday, January 10th. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $83.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Credit Suisse Group raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $91.00 to $83.00 in a report on Tuesday, January 23rd. Finally, Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Duke Energy presently has a consensus rating of “Hold” and a consensus price target of $87.41.

Shares of Duke Energy (DUK) traded down $1.44 during trading on Friday, hitting $77.39. 1,766,836 shares of the company were exchanged, compared to its average volume of 3,613,981. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $54,230.00, a price-to-earnings ratio of 20.31, a P/E/G ratio of 4.09 and a beta of 0.26. Duke Energy has a fifty-two week low of $76.28 and a fifty-two week high of $91.80.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $7.43 billion. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. Duke Energy’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 earnings per share. equities analysts anticipate that Duke Energy will post 4.56 earnings per share for the current fiscal year.

In other news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in DUK. Hudock Capital Group LLC lifted its position in Duke Energy by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock valued at $699,000 after acquiring an additional 24 shares in the last quarter. Shoker Investment Counsel Inc. lifted its position in Duke Energy by 0.6% in the 2nd quarter. Shoker Investment Counsel Inc. now owns 4,512 shares of the utilities provider’s stock valued at $377,000 after acquiring an additional 28 shares in the last quarter. Laurel Wealth Advisors Inc. lifted its position in Duke Energy by 0.3% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 12,643 shares of the utilities provider’s stock valued at $1,056,000 after acquiring an additional 32 shares in the last quarter. South Texas Money Management Ltd. lifted its position in Duke Energy by 1.1% in the 2nd quarter. South Texas Money Management Ltd. now owns 3,346 shares of the utilities provider’s stock valued at $280,000 after acquiring an additional 36 shares in the last quarter. Finally, S. R. Schill & Associates lifted its position in Duke Energy by 0.5% in the 2nd quarter. S. R. Schill & Associates now owns 7,629 shares of the utilities provider’s stock valued at $638,000 after acquiring an additional 37 shares in the last quarter. 57.26% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Duke Energy (NYSE:DUK)

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