Duke Energy (DUK) Rating Lowered to Neutral at Goldman Sachs Group

Duke Energy (NYSE:DUK) was downgraded by equities researchers at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday. They presently have a $88.00 price objective on the utilities provider’s stock, up from their prior price objective of $80.11. Goldman Sachs Group’s target price points to a potential upside of 11.00% from the stock’s current price.

DUK has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. SunTrust Banks set a $82.00 target price on shares of Duke Energy and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Bank of America reiterated a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a research report on Tuesday, October 24th. Wolfe Research upgraded shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $83.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Duke Energy has an average rating of “Hold” and an average target price of $87.48.

Shares of Duke Energy (DUK) opened at $79.28 on Wednesday. The stock has a market cap of $55,490.00, a PE ratio of 20.81, a P/E/G ratio of 4.24 and a beta of 0.26. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy has a 1 year low of $76.28 and a 1 year high of $91.80.

Duke Energy (NYSE:DUK) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $1.68 EPS. analysts expect that Duke Energy will post 4.56 earnings per share for the current fiscal year.

In other news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.07% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of DUK. NEXT Financial Group Inc boosted its stake in shares of Duke Energy by 8.0% in the 2nd quarter. NEXT Financial Group Inc now owns 16,599 shares of the utilities provider’s stock valued at $1,388,000 after purchasing an additional 1,226 shares during the last quarter. Trust Co. of Toledo NA OH boosted its stake in shares of Duke Energy by 2.8% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 22,283 shares of the utilities provider’s stock valued at $1,863,000 after purchasing an additional 599 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Duke Energy by 2.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 131,309 shares of the utilities provider’s stock valued at $10,976,000 after purchasing an additional 3,376 shares during the last quarter. National Pension Service boosted its stake in shares of Duke Energy by 10.6% in the 2nd quarter. National Pension Service now owns 537,432 shares of the utilities provider’s stock valued at $45,160,000 after purchasing an additional 51,660 shares during the last quarter. Finally, Forte Capital LLC ADV boosted its stake in shares of Duke Energy by 1.6% in the 2nd quarter. Forte Capital LLC ADV now owns 6,438 shares of the utilities provider’s stock valued at $538,000 after purchasing an additional 100 shares during the last quarter. 57.23% of the stock is currently owned by institutional investors.

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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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