Duke Energy Co. (NYSE:DUK) has received an average recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $101.09.
Several brokerages have recently issued reports on DUK. Mizuho raised their price target on Duke Energy from $93.00 to $96.00 in a research report on Monday, February 1st. The Goldman Sachs Group lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 target price for the company. in a report on Thursday, January 14th. Credit Suisse Group boosted their price target on shares of Duke Energy from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 14th. Barclays boosted their price target on shares of Duke Energy from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 28th. Finally, Zacks Investment Research raised shares of Duke Energy from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a report on Friday.
Shares of NYSE DUK opened at $100.67 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 1.24. The stock’s 50 day moving average price is $93.19 and its two-hundred day moving average price is $92.20. The stock has a market capitalization of $77.44 billion, a P/E ratio of 36.88, a PEG ratio of 4.88 and a beta of 0.23. Duke Energy has a 52-week low of $77.58 and a 52-week high of $101.13.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Wednesday, February 10th. The utilities provider reported $1.03 earnings per share for the quarter, hitting the consensus estimate of $1.03. Duke Energy had a return on equity of 8.28% and a net margin of 8.68%. The business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $6.22 billion. On average, analysts anticipate that Duke Energy will post 5.09 EPS for the current year.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,802 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The shares were sold at an average price of $89.35, for a total value of $161,008.70. Following the sale, the senior vice president now owns 5,794 shares in the company, valued at $517,693.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in Duke Energy during the first quarter worth $79,000. United Bank raised its stake in Duke Energy by 3.5% during the third quarter. United Bank now owns 16,154 shares of the utilities provider’s stock worth $1,431,000 after buying an additional 548 shares during the last quarter. Wealth Alliance raised its stake in Duke Energy by 4.5% during the third quarter. Wealth Alliance now owns 8,217 shares of the utilities provider’s stock worth $728,000 after buying an additional 357 shares during the last quarter. Westover Capital Advisors LLC bought a new position in Duke Energy during the third quarter worth $405,000. Finally, IHT Wealth Management LLC grew its holdings in Duke Energy by 7.6% in the third quarter. IHT Wealth Management LLC now owns 9,065 shares of the utilities provider’s stock worth $803,000 after purchasing an additional 637 shares during the period. 63.48% of the stock is owned by hedge funds and other institutional investors.
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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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