Duke Energy (NYSE:DUK) had its price objective hoisted by Morgan Stanley from $83.00 to $85.00 in a research report issued on Monday. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 8.28% from the company’s previous close.
A number of other brokerages have also issued reports on DUK. Deutsche Bank upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $77.22 to $86.00 in a research report on Monday, February 26th. ValuEngine lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Royal Bank of Canada restated a “buy” rating and set a $90.00 target price on shares of Duke Energy in a research report on Wednesday, March 14th. Goldman Sachs lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $80.11 to $88.00 in a research report on Wednesday, January 10th. Finally, UBS initiated coverage on shares of Duke Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $91.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $85.13.
Shares of NYSE:DUK opened at $78.50 on Monday. Duke Energy has a 12-month low of $72.93 and a 12-month high of $91.80. The company has a market cap of $53,676.10, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 4.42 and a beta of 0.11. 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 (NYSE:DUK) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the prior year, the business posted $0.81 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. equities analysts expect that Duke Energy will post 4.7 earnings per share for the current fiscal year.
In other news, COO Dhiaa M. Jamil sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were 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 owns 34,115 shares of the company’s stock, valued at approximately $3,038,964.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in Duke Energy by 69.3% in the 4th quarter. Renaissance Technologies LLC now owns 4,302,017 shares of the utilities provider’s stock valued at $361,843,000 after purchasing an additional 1,760,350 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Duke Energy by 735.4% in the 4th quarter. Two Sigma Advisers LP now owns 1,660,141 shares of the utilities provider’s stock valued at $139,634,000 after purchasing an additional 1,461,422 shares during the last quarter. BlackRock Inc. lifted its stake in Duke Energy by 0.9% in the 4th quarter. BlackRock Inc. now owns 45,499,220 shares of the utilities provider’s stock valued at $3,826,940,000 after purchasing an additional 424,604 shares during the last quarter. Mackenzie Financial Corp bought a new position in Duke Energy in the 4th quarter valued at approximately $32,957,000. Finally, Luminus Management LLC bought a new position in Duke Energy in the 4th quarter valued at approximately $29,163,000. 56.98% of the stock is owned by institutional investors.
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Duke Energy Company Profile
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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