Duke Energy (NYSE:DUK) PT Raised to $110.00 at KeyCorp

Duke Energy (NYSE:DUK) had its price target lifted by analysts at KeyCorp from $109.00 to $110.00 in a report released on Thursday, Analyst Price Targets reports. The firm presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target indicates a potential upside of 5.73% from the company’s previous close.

Several other research firms have also commented on DUK. Morgan Stanley upped their target price on Duke Energy from $107.00 to $113.00 and gave the company an “equal weight” rating in a report on Tuesday, December 21st. Mizuho reduced their price objective on Duke Energy from $109.00 to $102.00 and set a “neutral” rating for the company in a research report on Tuesday, October 5th. Barclays reiterated an “equal weight” rating and set a $110.00 price objective on shares of Duke Energy in a research report on Monday, December 6th. Finally, BMO Capital Markets downgraded Duke Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, January 7th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy currently has an average rating of “Hold” and a consensus target price of $106.09.

Shares of DUK opened at $104.04 on Thursday. The stock’s 50-day moving average is $101.82 and its two-hundred day moving average is $102.48. The stock has a market cap of $80.04 billion, a PE ratio of 26.81, a P/E/G ratio of 3.58 and a beta of 0.34. Duke Energy has a 12 month low of $85.56 and a 12 month high of $108.38. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.61 and a quick ratio of 0.42.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 4th. The utilities provider reported $1.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.08. The firm had revenue of $6.95 billion during the quarter, compared to analyst estimates of $7.46 billion. Duke Energy had a return on equity of 8.69% and a net margin of 12.58%. Duke Energy’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 earnings per share. On average, research analysts anticipate that Duke Energy will post 5.23 earnings per share for the current year.

In other Duke Energy news, COO Dhiaa M. Jamil sold 400 shares of the business’s stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of $98.71, for a total transaction of $39,484.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven K. Young sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 1st. The stock was sold at an average price of $97.44, for a total transaction of $194,880.00. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cohen & Steers Inc. boosted its holdings in Duke Energy by 94,828.8% in the third quarter. Cohen & Steers Inc. now owns 1,905,221 shares of the utilities provider’s stock worth $185,931,000 after purchasing an additional 1,903,214 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Duke Energy by 39.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,117,321 shares of the utilities provider’s stock worth $603,902,000 after buying an additional 1,718,705 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Duke Energy by 240.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,432,822 shares of the utilities provider’s stock valued at $242,510,000 after purchasing an additional 1,718,079 shares in the last quarter. BlackRock Inc. boosted its stake in Duke Energy by 2.2% in the third quarter. BlackRock Inc. now owns 53,113,065 shares of the utilities provider’s stock valued at $5,183,304,000 after acquiring an additional 1,152,984 shares during the last quarter. Finally, Amundi bought a new position in Duke Energy in the second quarter valued at approximately $102,860,000. 61.90% of the stock is currently owned by institutional investors and hedge funds.

About Duke Energy

Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure; and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in Duke Energy’s regulated electric utilities in the Carolinas, Florida and the Midwest.

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