Shares of Duke Energy (NYSE:DUK) have been given a consensus recommendation of “Hold” by the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $84.21.
A number of research analysts have issued reports on the stock. Morgan Stanley upped their target price on shares of Duke Energy from $83.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase upped their target price on shares of Duke Energy from $77.00 to $78.00 and gave the company an “underweight” rating in a research report on Tuesday, April 10th. Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. UBS started coverage on Duke Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $91.00 price target for the company. Finally, SunTrust Banks set a $79.00 price target on Duke Energy and gave the company a “hold” rating in a research note on Monday, February 12th.
Duke Energy stock traded up $0.49 during trading hours on Thursday, reaching $78.45. 915,544 shares of the company’s stock traded hands, compared to its average volume of 4,088,081. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 1.17. Duke Energy has a fifty-two week low of $72.93 and a fifty-two week high of $91.80. The company has a market cap of $53,676.10, a PE ratio of 17.16, a PEG ratio of 4.42 and a beta of 0.11.
Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. research analysts forecast that Duke Energy will post 4.7 EPS for the current year.
In related news, COO Dhiaa M. Jamil sold 500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $89.08, for a total transaction of $44,540.00. Following the completion of the sale, the chief operating officer now directly owns 34,115 shares of the company’s stock, valued at approximately $3,038,964.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DUK. BlackRock Inc. grew its stake in shares of Duke Energy by 0.9% during the 4th quarter. BlackRock Inc. now owns 45,499,220 shares of the utilities provider’s stock worth $3,826,940,000 after acquiring an additional 424,604 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Duke Energy by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 7,495,715 shares of the utilities provider’s stock worth $629,156,000 after acquiring an additional 165,972 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Duke Energy by 1.2% during the 4th quarter. Deutsche Bank AG now owns 6,427,804 shares of the utilities provider’s stock worth $540,637,000 after acquiring an additional 78,580 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Duke Energy by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock worth $422,872,000 after acquiring an additional 164,381 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Duke Energy by 69.3% during the 4th quarter. Renaissance Technologies LLC now owns 4,302,017 shares of the utilities provider’s stock worth $361,843,000 after acquiring an additional 1,760,350 shares in the last quarter. 56.98% of the stock is owned by institutional investors and hedge funds.
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About Duke Energy
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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