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.
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.
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.
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