Morgan Stanley Cuts Duke Energy (DUK) Price Target to $85.00

Duke Energy (NYSE:DUK) had its target price lowered by equities researchers at Morgan Stanley from $90.00 to $85.00 in a research report issued on Tuesday. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 10.66% from the company’s previous close.

Several other research firms have also weighed in on DUK. Citigroup boosted their target price on Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a report on Tuesday, October 17th. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $80.11 to $88.00 in a report on Wednesday, January 10th. Royal Bank of Canada restated a “buy” rating and issued a $91.00 target price on shares of Duke Energy in a report on Thursday, February 1st. Finally, UBS Group started coverage on Duke Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $91.00 target price for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. Duke Energy presently has a consensus rating of “Hold” and an average target price of $87.18.

Shares of Duke Energy (NYSE DUK) opened at $76.81 on Tuesday. Duke Energy has a 1-year low of $72.93 and a 1-year high of $91.80. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $53,268.14, a P/E ratio of 25.35, a P/E/G ratio of 3.94 and a beta of 0.12.

Several hedge funds have recently modified their holdings of the company. Shoker Investment Counsel Inc. lifted its holdings in shares of Duke Energy by 0.6% during the second quarter. Shoker Investment Counsel Inc. now owns 4,512 shares of the utilities provider’s stock worth $377,000 after buying an additional 28 shares during the last quarter. Laurel Wealth Advisors Inc. lifted its holdings in shares of Duke Energy by 0.3% during the second quarter. Laurel Wealth Advisors Inc. now owns 12,643 shares of the utilities provider’s stock worth $1,056,000 after buying an additional 32 shares during the last quarter. South Texas Money Management Ltd. lifted its holdings in shares of Duke Energy by 1.1% during the second quarter. South Texas Money Management Ltd. now owns 3,346 shares of the utilities provider’s stock worth $280,000 after buying an additional 36 shares during the last quarter. Fairfield Bush & CO. lifted its holdings in shares of Duke Energy by 1.2% during the second quarter. Fairfield Bush & CO. now owns 6,333 shares of the utilities provider’s stock worth $529,000 after buying an additional 75 shares during the last quarter. Finally, First City Capital Management Inc. lifted its holdings in shares of Duke Energy by 0.4% during the second quarter. First City Capital Management Inc. now owns 20,589 shares of the utilities provider’s stock worth $1,721,000 after buying an additional 78 shares during the last quarter. Institutional investors own 57.13% of the company’s stock.

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Duke Energy Company Profile

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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