Duke Energy (NYSE:DUK) PT Raised to $121.00

Duke Energy (NYSE:DUK) had its price objective lifted by equities researchers at KeyCorp from $117.00 to $121.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price indicates a potential upside of 3.67% from the stock’s current price.

Several other research firms have also recently weighed in on DUK. The Goldman Sachs Group upped their price target on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Morgan Stanley upped their price target on shares of Duke Energy from $99.00 to $114.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Evercore ISI upped their price target on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a report on Thursday, August 29th. Finally, Barclays upped their target price on shares of Duke Energy from $99.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $114.23.

Duke Energy Trading Down 0.8 %

Shares of DUK stock opened at $116.72 on Monday. The company’s fifty day simple moving average is $111.85 and its two-hundred day simple moving average is $103.49. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. Duke Energy has a 1 year low of $83.06 and a 1 year high of $118.31. The stock has a market capitalization of $90.08 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 3.19 and a beta of 0.47.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. As a group, analysts anticipate that Duke Energy will post 5.97 earnings per share for the current year.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the sale, the executive vice president now directly owns 19,884 shares in the company, valued at $2,259,617.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Duke Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in shares of Duke Energy during the first quarter valued at about $25,000. Fortitude Family Office LLC raised its stake in shares of Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 119 shares during the last quarter. Riverview Trust Co bought a new position in shares of Duke Energy during the first quarter valued at about $30,000. Olistico Wealth LLC bought a new position in shares of Duke Energy during the second quarter valued at about $30,000. Finally, Cedar Wealth Management LLC raised its stake in shares of Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 169 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Company Profile

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.