Duke Energy (NYSE:DUK) Price Target Raised to $102.00 at Mizuho

Duke Energy (NYSE:DUKGet Rating) had its price objective increased by analysts at Mizuho from $100.00 to $102.00 in a research report issued on Friday, The Fly reports. Mizuho’s price target would indicate a potential upside of 1.54% from the stock’s current price.

A number of other research analysts also recently commented on DUK. Morgan Stanley raised their target price on shares of Duke Energy from $99.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, November 11th. StockNews.com assumed coverage on shares of Duke Energy in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Credit Suisse Group cut their price objective on shares of Duke Energy from $114.00 to $94.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 12th. Seaport Res Ptn downgraded shares of Duke Energy from a “neutral” rating to a “sell” rating in a research report on Monday, November 21st. Finally, Guggenheim cut their price objective on shares of Duke Energy from $119.00 to $97.00 in a research report on Monday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $105.27.

Duke Energy Trading Up 0.9 %

Shares of DUK opened at $100.45 on Friday. Duke Energy has a 1-year low of $83.76 and a 1-year high of $116.33. The company has a 50-day moving average of $94.13 and a 200 day moving average of $102.84. The firm has a market capitalization of $77.35 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 3.45 and a beta of 0.41. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.56.

Duke Energy (NYSE:DUKGet Rating) last posted its earnings results on Thursday, November 3rd. The utilities provider reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.05). The business had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $7.45 billion. Duke Energy had a net margin of 14.03% and a return on equity of 8.24%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the business posted $1.88 EPS. On average, research analysts expect that Duke Energy will post 5.29 EPS for the current year.

Insiders Place Their Bets

In other Duke Energy news, EVP Steven K. Young sold 415 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $93.57, for a total transaction of $38,831.55. Following the sale, the executive vice president now owns 112,412 shares of the company’s stock, valued at approximately $10,518,390.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Institutional Trading of Duke Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Centaurus Financial Inc. lifted its stake in Duke Energy by 12.5% during the 3rd quarter. Centaurus Financial Inc. now owns 6,029 shares of the utilities provider’s stock valued at $561,000 after acquiring an additional 671 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of Duke Energy by 118.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 23,772 shares of the utilities provider’s stock valued at $2,211,000 after purchasing an additional 12,911 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Duke Energy by 1.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 135,621 shares of the utilities provider’s stock valued at $12,615,000 after purchasing an additional 1,486 shares during the period. CVA Family Office LLC lifted its stake in shares of Duke Energy by 268.9% in the 3rd quarter. CVA Family Office LLC now owns 4,301 shares of the utilities provider’s stock valued at $400,000 after purchasing an additional 3,135 shares during the period. Finally, IHT Wealth Management LLC lifted its stake in shares of Duke Energy by 33.2% in the 3rd quarter. IHT Wealth Management LLC now owns 15,437 shares of the utilities provider’s stock valued at $1,436,000 after purchasing an additional 3,849 shares during the period. 63.76% of the stock is currently owned by institutional investors and hedge funds.

About Duke Energy

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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 generation, and nuclear fuel to generate electricity.

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