Duke Energy (NYSE:DUK) had its price target hoisted by research analysts at Morgan Stanley from $96.00 to $100.00 in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 15.25% from the stock’s previous close.
DUK has been the subject of a number of other reports. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Bank of America lifted their target price on Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Monday, March 11th. JPMorgan Chase & Co. set a $90.00 target price on Duke Energy and gave the company a “hold” rating in a research report on Monday, May 20th. Zacks Investment Research lowered Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Finally, KeyCorp began coverage on Duke Energy in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Duke Energy currently has a consensus rating of “Hold” and an average price target of $88.00.
NYSE:DUK opened at $86.77 on Friday. The company has a market capitalization of $63.09 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 3.64 and a beta of 0.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.49 and a current ratio of 0.75. Duke Energy has a 1 year low of $72.37 and a 1 year high of $91.67.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.03. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. Duke Energy’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 EPS. On average, equities analysts expect that Duke Energy will post 4.91 earnings per share for the current fiscal year.
In other news, EVP Lloyd M. Yates sold 5,117 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $88.20, for a total value of $451,319.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dwight L. Jacobs sold 1,700 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $85.92, for a total value of $146,064.00. Following the completion of the transaction, the senior vice president now directly owns 6,091 shares of the company’s stock, valued at $523,338.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,598 shares of company stock valued at $752,989. Corporate insiders own 0.09% of the company’s stock.
A number of large investors have recently made changes to their positions in DUK. OLD Second National Bank of Aurora grew its stake in Duke Energy by 4.1% during the 1st quarter. OLD Second National Bank of Aurora now owns 2,920 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 114 shares during the last quarter. BRYN MAWR TRUST Co grew its stake in Duke Energy by 0.5% during the 4th quarter. BRYN MAWR TRUST Co now owns 21,157 shares of the utilities provider’s stock valued at $1,826,000 after purchasing an additional 115 shares during the last quarter. Glassman Wealth Services grew its stake in Duke Energy by 35.2% during the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 117 shares during the last quarter. Atlas Brown Inc. grew its stake in Duke Energy by 1.4% during the 1st quarter. Atlas Brown Inc. now owns 9,063 shares of the utilities provider’s stock valued at $816,000 after purchasing an additional 123 shares during the last quarter. Finally, Intl Fcstone Inc. grew its stake in Duke Energy by 3.8% during the 1st quarter. Intl Fcstone Inc. now owns 3,400 shares of the utilities provider’s stock valued at $306,000 after purchasing an additional 125 shares during the last quarter. 60.18% of the stock is currently owned by institutional investors.
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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