Duke Energy (DUK) Price Target Cut to $85.00 by Analysts at Morgan Stanley

Duke Energy (NYSE:DUK) had its target price cut by research analysts at Morgan Stanley from $90.00 to $85.00 in a report released on Tuesday. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price suggests a potential upside of 10.28% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. Goldman Sachs Group downgraded Duke Energy from a “buy” rating to a “neutral” rating and increased their price target for the company from $80.11 to $88.00 in a research note on Wednesday, January 10th. Bank of America reissued a “neutral” rating and issued a $92.00 price target on shares of Duke Energy in a research note on Tuesday, October 24th. Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Citigroup increased their price target on Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday, October 17th. Finally, SunTrust Banks reissued a “hold” rating and issued a $83.00 price target on shares of Duke Energy in a research note on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $87.18.

Duke Energy (DUK) traded up $0.27 during mid-day trading on Tuesday, hitting $77.08. The stock had a trading volume of 3,807,995 shares, compared to its average volume of 4,200,000. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The firm has a market cap of $53,950.00, a P/E ratio of 20.23, a P/E/G ratio of 3.94 and a beta of 0.12. Duke Energy has a one year low of $72.93 and a one year high of $91.80.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DUK. Truewealth LLC bought a new position in Duke Energy during the 4th quarter worth about $102,000. Nelson Roberts Investment Advisors LLC bought a new position in Duke Energy during the 3rd quarter worth about $112,000. Global Trust Asset Management LLC bought a new position in Duke Energy during the 4th quarter worth about $115,000. Shamrock Asset Management LLC bought a new position in Duke Energy during the 4th quarter worth about $115,000. Finally, Wealthcare Advisory Partners LLC bought a new position in Duke Energy during the 3rd quarter worth about $131,000. Institutional investors and hedge funds 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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