Bank of America Lowers Duke Energy (NYSE:DUK) to Neutral

Duke Energy (NYSE:DUKGet Free Report) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued on Monday, MarketBeat.com reports. They presently have a $96.00 price target on the utilities provider’s stock, down from their prior price target of $105.00. Bank of America‘s target price would suggest a potential upside of 4.70% from the company’s previous close.

Other research analysts also recently issued research reports about the company. StockNews.com upgraded Duke Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. JPMorgan Chase & Co. raised their target price on Duke Energy from $98.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 29th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Wells Fargo & Company reduced their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Morgan Stanley upped their target price on shares of Duke Energy from $93.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 21st. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $99.83.

View Our Latest Analysis on DUK

Duke Energy Stock Performance

Shares of DUK stock opened at $91.69 on Monday. Duke Energy has a 52 week low of $83.06 and a 52 week high of $100.44. The company has a market cap of $70.67 billion, a P/E ratio of 25.83, a PEG ratio of 2.42 and a beta of 0.48. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. The business has a 50 day moving average of $96.31 and a two-hundred day moving average of $92.32.

Duke Energy (NYSE:DUKGet Free Report) last announced its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS. As a group, analysts anticipate that Duke Energy will post 5.98 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. CKW Financial Group bought a new stake in Duke Energy in the third quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in shares of Duke Energy during the 4th quarter valued at $26,000. Private Wealth Management Group LLC purchased a new stake in Duke Energy in the fourth quarter worth about $26,000. Horizon Bancorp Inc. IN raised its stake in Duke Energy by 200.0% during the second quarter. Horizon Bancorp Inc. IN now owns 312 shares of the utilities provider’s stock valued at $28,000 after buying an additional 208 shares during the last quarter. Finally, Chilton Capital Management LLC purchased a new position in shares of Duke Energy in the 1st quarter worth about $28,000. 63.68% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Company Profile

(Get Free Report)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments, Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.

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