Duke Energy (NYSE:DUK) had its price objective raised by Morgan Stanley from $94.00 to $96.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 10.75% from the stock’s previous close.
A number of other research firms have also recently issued reports on DUK. Bank of America upped their price objective on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday, March 11th. ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Credit Suisse Group cut Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $86.90.
NYSE DUK traded down $0.11 during trading on Thursday, reaching $86.68. The company’s stock had a trading volume of 69,064 shares, compared to its average volume of 3,384,441. The firm has a market capitalization of $63.53 billion, a P/E ratio of 18.36, a P/E/G ratio of 3.62 and a beta of 0.06. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 1.25. Duke Energy has a one year low of $71.96 and a one year high of $91.67.
Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.39 billion. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. As a group, research analysts anticipate that Duke Energy will post 4.94 EPS for the current fiscal year.
In other news, EVP Melissa H. Anderson sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total value of $174,980.00. Following the completion of the transaction, the executive vice president now directly owns 18,198 shares in the company, valued at approximately $1,592,143.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lloyd M. Yates sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $88.51, for a total value of $309,785.00. The disclosure for this sale can be found here. Insiders sold a total of 21,250 shares of company stock valued at $1,900,878 over the last quarter. Company insiders own 0.09% of the company’s stock.
A number of hedge funds have recently modified their holdings of DUK. Oregon Public Employees Retirement Fund boosted its holdings in Duke Energy by 8,422.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,521,173 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 6,444,652 shares during the period. FMR LLC boosted its holdings in Duke Energy by 41.8% during the 4th quarter. FMR LLC now owns 7,411,128 shares of the utilities provider’s stock valued at $639,581,000 after acquiring an additional 2,186,456 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Duke Energy by 941.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,856,602 shares of the utilities provider’s stock valued at $160,211,000 after acquiring an additional 1,678,300 shares during the period. Vanguard Group Inc boosted its holdings in Duke Energy by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock valued at $4,355,880,000 after acquiring an additional 1,539,841 shares during the period. Finally, BlackRock Inc. boosted its holdings in Duke Energy by 2.6% during the 1st quarter. BlackRock Inc. now owns 49,544,716 shares of the utilities provider’s stock valued at $4,459,023,000 after acquiring an additional 1,274,643 shares during the period. Institutional investors own 61.10% of the company’s stock.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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