Duke Energy (NYSE:DUK) had its price objective boosted by Bank of America from $79.00 to $81.00 in a research note released on Wednesday morning. The firm currently has a neutral rating on the utilities provider’s stock.
Several other research firms have also commented on DUK. Morgan Stanley reiterated an equal weight rating and issued a $83.00 price target (down from $85.00) on shares of Duke Energy in a research report on Thursday, March 8th. Deutsche Bank upgraded shares of Duke Energy from a hold rating to a buy rating and increased their price target for the company from $77.22 to $86.00 in a research report on Monday, February 26th. ValuEngine downgraded shares of Duke Energy from a buy rating to a hold rating in a research note on Tuesday, December 19th. Royal Bank of Canada reissued a buy rating and set a $90.00 price objective on shares of Duke Energy in a research note on Wednesday, March 14th. Finally, Goldman Sachs downgraded shares of Duke Energy from a buy rating to a neutral rating and upped their price objective for the company from $80.11 to $88.00 in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Duke Energy presently has a consensus rating of Hold and a consensus price target of $84.40.
DUK stock opened at $78.28 on Wednesday. The company has a market capitalization of $54,957.27, a PE ratio of 17.13, a price-to-earnings-growth ratio of 4.52 and a beta of 0.11. Duke Energy has a 12 month low of $72.93 and a 12 month high of $91.80. 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 released its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.91 by $0.03. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $6.09 billion. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 earnings per share. equities analysts anticipate that Duke Energy will post 4.7 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Guardian Capital Advisors LP raised its stake in Duke Energy by 0.6% during the third quarter. Guardian Capital Advisors LP now owns 98,422 shares of the utilities provider’s stock worth $8,654,000 after purchasing an additional 566 shares during the period. Janney Montgomery Scott LLC raised its stake in Duke Energy by 0.3% during the third quarter. Janney Montgomery Scott LLC now owns 180,453 shares of the utilities provider’s stock worth $15,144,000 after purchasing an additional 601 shares during the period. Shoker Investment Counsel Inc. raised its stake in Duke Energy by 14.3% during the third quarter. Shoker Investment Counsel Inc. now owns 5,158 shares of the utilities provider’s stock worth $432,000 after purchasing an additional 646 shares during the period. Daiwa SB Investments Ltd. raised its stake in Duke Energy by 41.9% during the fourth quarter. Daiwa SB Investments Ltd. now owns 2,200 shares of the utilities provider’s stock worth $185,000 after purchasing an additional 650 shares during the period. Finally, Edgemoor Investment Advisors Inc. raised its stake in Duke Energy by 0.9% during the third quarter. Edgemoor Investment Advisors Inc. now owns 76,397 shares of the utilities provider’s stock worth $6,411,000 after purchasing an additional 655 shares during the period. 56.98% of the stock is currently 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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