Duke Energy (DUK) – Analysts’ Recent Ratings Changes

Duke Energy (NYSE: DUK) has recently received a number of price target changes and ratings updates:

• 4/22/2024 – Duke Energy had its price target lowered by analysts at Scotiabank from $101.00 to $94.00. They now have a “sector perform” rating on the stock.
• 4/16/2024 – Duke Energy had its price target lowered by analysts at BMO Capital Markets from $101.00 to $99.00. They now have an “outperform” rating on the stock.
• 4/15/2024 – Duke Energy had its price target raised by analysts at Barclays PLC from $99.00 to $100.00. They now have an “overweight” rating on the stock.
• 4/11/2024 – Duke Energy had its price target raised by analysts at Bank of America Co. from $96.00 to $100.00. They now have a “neutral” rating on the stock.
• 4/5/2024 – Duke Energy had its price target raised by analysts at Mizuho from $89.00 to $99.00. They now have a “neutral” rating on the stock.

Duke Energy Trading Up 1.5 %

Shares of DUK opened at $99.78 on Thursday. The firm has a market cap of $76.98 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 2.63 and a beta of 0.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.56. The firm has a 50 day moving average price of $95.24 and a 200-day moving average price of $93.98.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The company’s revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current year.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the sale, the executive vice president now owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Duke Energy

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after purchasing an additional 1,002,157 shares in the last quarter. Capital Research Global Investors raised its holdings in Duke Energy by 4.8% in the 4th quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock worth $1,081,125,000 after purchasing an additional 509,039 shares in the last quarter. Morgan Stanley raised its holdings in Duke Energy by 4.9% in the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock worth $923,907,000 after purchasing an additional 492,011 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Duke Energy by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock worth $799,599,000 after purchasing an additional 842,458 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Duke Energy by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 8,113,443 shares of the utilities provider’s stock worth $787,328,000 after purchasing an additional 42,782 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.