Duke Energy (DUK) Price Target Raised to $78.00

Duke Energy (NYSE:DUK) had its target price raised by JPMorgan Chase from $77.00 to $78.00 in a report released on Tuesday morning. They currently have an underweight rating on the utilities provider’s stock.

A number of other brokerages have also weighed in on DUK. Morgan Stanley restated an equal weight rating and issued a $83.00 price objective (down from $85.00) on shares of Duke Energy in a report on Thursday, March 8th. Deutsche Bank upgraded shares of Duke Energy from a hold rating to a buy rating and boosted their price objective for the stock from $77.22 to $86.00 in a report on Monday, February 26th. ValuEngine lowered shares of Duke Energy from a buy rating to a hold rating in a report on Tuesday, December 19th. Royal Bank of Canada restated a buy rating and issued a $90.00 price objective on shares of Duke Energy in a report on Wednesday, March 14th. Finally, Goldman Sachs lowered shares of Duke Energy from a buy rating to a neutral rating and boosted their price objective for the stock from $80.11 to $88.00 in a report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $85.00.

Shares of DUK opened at $76.14 on Tuesday. The company has a market capitalization of $53,963.14, a PE ratio of 16.66, a price-to-earnings-growth ratio of 4.44 and a beta of 0.11. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.42. Duke Energy has a fifty-two week low of $72.93 and a fifty-two week high of $91.80.



Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $6.09 billion. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 EPS. equities research analysts expect that Duke Energy will post 4.7 earnings per share for the current year.

In related news, COO Dhiaa M. Jamil sold 500 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total transaction of $44,540.00. Following the completion of the sale, the chief operating officer now directly owns 34,115 shares in the company, valued at approximately $3,038,964.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.07% of the company’s stock.

A number of large investors have recently bought and sold shares of DUK. AllSquare Wealth Management LLC bought a new stake in Duke Energy during the 3rd quarter valued at $155,000. New York State Common Retirement Fund increased its position in Duke Energy by 1.0% during the 3rd quarter. New York State Common Retirement Fund now owns 1,757,500 shares of the utilities provider’s stock valued at $147,489,000 after purchasing an additional 17,000 shares during the period. QCI Asset Management Inc. NY increased its position in Duke Energy by 6.2% during the 3rd quarter. QCI Asset Management Inc. NY now owns 121,238 shares of the utilities provider’s stock valued at $10,174,000 after purchasing an additional 7,123 shares during the period. Toronto Dominion Bank increased its position in Duke Energy by 10.7% during the 3rd quarter. Toronto Dominion Bank now owns 292,932 shares of the utilities provider’s stock valued at $24,582,000 after purchasing an additional 28,302 shares during the period. Finally, Strategy Asset Managers LLC increased its position in Duke Energy by 12.8% during the 3rd quarter. Strategy Asset Managers LLC now owns 26,687 shares of the utilities provider’s stock valued at $2,240,000 after purchasing an additional 3,021 shares during the period. Institutional investors own 57.04% of the company’s stock.

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Duke Energy Company Profile

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.

Analyst Recommendations for Duke Energy (NYSE:DUK)

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