SunTrust Banks Analysts Give Duke Energy (DUK) a $79.00 Price Target

Duke Energy (NYSE:DUK) has been assigned a $79.00 price objective by investment analysts at SunTrust Banks in a research report issued to clients and investors on Monday. The firm presently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ target price would indicate a potential upside of 4.06% from the company’s previous close.

Several other research firms have also recently weighed in on DUK. Citigroup upped their target price on Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Goldman Sachs Group cut Duke Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $80.11 to $88.00 in a research note on Wednesday, January 10th. Royal Bank of Canada restated a “buy” rating and set a $91.00 target price on shares of Duke Energy in a research note on Thursday, February 1st. Finally, UBS Group initiated coverage on Duke Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $91.00 target price for the company. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $87.91.

Duke Energy (NYSE:DUK) traded down $0.18 during midday trading on Monday, reaching $75.92. The company’s stock had a trading volume of 941,335 shares, compared to its average volume of 4,124,528. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. Duke Energy has a 12-month low of $72.93 and a 12-month high of $91.80. The company has a market capitalization of $53,150.00, a PE ratio of 19.95, a PEG ratio of 3.94 and a beta of 0.12.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 3.2% during the second quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock worth $4,183,115,000 after buying an additional 1,572,216 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Duke Energy by 0.9% during the fourth quarter. BlackRock Inc. now owns 45,499,220 shares of the utilities provider’s stock worth $3,826,940,000 after buying an additional 424,604 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Duke Energy by 0.9% during the second quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock worth $757,629,000 after buying an additional 84,730 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Duke Energy by 3.4% during the third quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock worth $422,872,000 after buying an additional 164,381 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Duke Energy by 3.8% during the fourth quarter. Wells Fargo & Company MN now owns 3,553,139 shares of the utilities provider’s stock worth $298,855,000 after buying an additional 128,752 shares in the last quarter. Institutional investors own 57.13% of the company’s stock.

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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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