Duke Energy Corp (DUK) Receives $84.20 Consensus PT from Brokerages

Shares of Duke Energy Corp (NYSE:DUK) have received a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $84.44.

A number of equities research analysts have commented on the company. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Morgan Stanley upped their target price on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Finally, Zacks Investment Research lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th.

Shares of NYSE DUK traded up $0.70 during trading on Monday, reaching $90.38. The company had a trading volume of 446,965 shares, compared to its average volume of 3,401,586. Duke Energy has a 12 month low of $71.96 and a 12 month high of $91.67. The firm has a market capitalization of $65.06 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 3.61 and a beta of 0.06. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter last year, the firm posted $0.94 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts forecast that Duke Energy will post 4.94 earnings per share for the current fiscal year.

In related news, Chairman Lynn J. Good sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $89.92, for a total transaction of $1,348,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Lloyd M. Yates sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $88.51, for a total value of $309,785.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,250 shares of company stock worth $1,900,878. 0.09% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Roof Advisory Group Inc. raised its stake in shares of Duke Energy by 3.1% in the first quarter. Roof Advisory Group Inc. now owns 60,939 shares of the utilities provider’s stock worth $5,484,000 after purchasing an additional 1,809 shares during the last quarter. Brand Asset Management Group Inc. increased its position in shares of Duke Energy by 1,198.7% during the first quarter. Brand Asset Management Group Inc. now owns 1,013 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 935 shares during the last quarter. Wright Investors Service Inc. increased its position in shares of Duke Energy by 8.0% during the first quarter. Wright Investors Service Inc. now owns 12,736 shares of the utilities provider’s stock valued at $1,146,000 after acquiring an additional 946 shares during the last quarter. Field & Main Bank purchased a new stake in shares of Duke Energy during the first quarter valued at approximately $227,000. Finally, Domani Wealth LLC purchased a new stake in shares of Duke Energy during the first quarter valued at approximately $262,000. 60.74% of the stock is owned by hedge funds and other institutional investors.

About Duke Energy

Duke Energy Corp. engages in 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 primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

Featured Article: What is the balance sheet?

Analyst Recommendations for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.