Barclays Trims Duke Energy (NYSE:DUK) Target Price to $79.00

Duke Energy (NYSE:DUK) had its price objective reduced by Barclays from $104.00 to $79.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target points to a potential downside of 2.08% from the company’s current price.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Duke Energy from a “hold” rating to a “sell” rating and set a $99.00 price target on the stock. in a research note on Tuesday, January 21st. Evercore ISI reiterated a “hold” rating and set a $92.00 target price on shares of Duke Energy in a research note on Wednesday, December 4th. Morgan Stanley cut their target price on Duke Energy from $108.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Citigroup cut their target price on Duke Energy from $94.00 to $93.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Finally, Credit Suisse Group upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $96.00 to $108.00 in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Duke Energy has a consensus rating of “Hold” and an average price target of $97.54.

Shares of Duke Energy stock traded up $5.97 during midday trading on Thursday, hitting $80.68. The company had a trading volume of 249,258 shares, compared to its average volume of 6,156,465. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.40 and a current ratio of 0.62. The stock has a market capitalization of $52.43 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.94 and a beta of 0.20. The company has a 50 day moving average of $92.52 and a 200 day moving average of $92.60. Duke Energy has a 52-week low of $62.13 and a 52-week high of $103.79.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.54 billion. Duke Energy had a return on equity of 8.31% and a net margin of 14.89%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. Equities research analysts forecast that Duke Energy will post 5.2 EPS for the current year.

In related news, CEO Lynn J. Good sold 16,400 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $91.86, for a total value of $1,506,504.00. Following the transaction, the chief executive officer now directly owns 302,325 shares of the company’s stock, valued at approximately $27,771,574.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Savior LLC purchased a new stake in Duke Energy in the 4th quarter worth $27,000. Clear Harbor Asset Management LLC purchased a new stake in Duke Energy in the 4th quarter worth $27,000. Mine & Arao Wealth Creation & Management LLC. purchased a new stake in Duke Energy in the 4th quarter worth $27,000. Solstein Capital LLC purchased a new stake in Duke Energy in the 4th quarter worth $27,000. Finally, Peddock Capital Advisors LLC purchased a new stake in Duke Energy in the 4th quarter worth $30,000. 63.74% of the stock is currently owned by institutional investors.

Duke Energy Company Profile

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.

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