Duke Energy (NYSE:DUK)‘s stock had its “hold” rating reiterated by SunTrust Banks in a research report issued to clients and investors on Monday. They presently have a $82.00 price target on the utilities provider’s stock. SunTrust Banks’ target price suggests a potential upside of 5.56% from the stock’s current price.
A number of other research analysts also recently weighed in on the stock. Royal Bank of Canada reissued a “buy” rating and set a $90.00 target price on shares of Duke Energy in a research report on Wednesday, March 14th. UBS started 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 for the company. Deutsche Bank raised shares of Duke Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $77.22 to $86.00 in a research report on Monday, February 26th. Guggenheim reissued a “buy” rating and set a $82.00 target price on shares of Duke Energy in a research report on Friday, February 23rd. Finally, Morgan Stanley reduced their target price on shares of Duke Energy from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $84.53.
Shares of DUK stock opened at $77.68 on Monday. Duke Energy has a 52-week low of $72.93 and a 52-week high of $91.80. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $54,383.20, a price-to-earnings ratio of 17.00, a PEG ratio of 4.20 and a beta of 0.11.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data 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 business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. equities analysts expect that Duke Energy will post 4.71 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Duke Energy by 0.9% in the 4th quarter. BlackRock Inc. now owns 45,499,220 shares of the utilities provider’s stock worth $3,826,940,000 after buying an additional 424,604 shares during the period. Geode Capital Management LLC boosted its holdings in Duke Energy by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 7,495,715 shares of the utilities provider’s stock worth $629,156,000 after buying an additional 165,972 shares during the period. Deutsche Bank AG boosted its holdings in Duke Energy by 1.2% in the 4th quarter. Deutsche Bank AG now owns 6,427,804 shares of the utilities provider’s stock worth $540,637,000 after buying an additional 78,580 shares during the period. Renaissance Technologies LLC boosted its holdings 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 worth $361,843,000 after buying an additional 1,760,350 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Duke Energy by 3.8% in the 4th quarter. Wells Fargo & Company MN now owns 3,553,139 shares of the utilities provider’s stock worth $298,855,000 after buying an additional 128,752 shares during the period. 57.02% of the stock is owned by institutional investors.
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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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