Brokerages Set Duke Energy Corporation (DUK) Price Target at $85.98

Duke Energy Corporation (NYSE:DUK) has been assigned a consensus rating of “Hold” from the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $85.98.

Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley increased their target price on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $90.00 target price on shares of Duke Energy Corporation in a report on Monday, November 6th. Wolfe Research upgraded shares of Duke Energy Corporation from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $87.00 target price (up from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th.

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Shares of Duke Energy Corporation (DUK) traded down $0.69 during midday trading on Monday, reaching $88.52. 2,650,206 shares of the company traded hands, compared to its average volume of 2,588,295. Duke Energy Corporation has a fifty-two week low of $72.34 and a fifty-two week high of $91.80. The firm has a market capitalization of $62,440.00, a price-to-earnings ratio of 20.47, a P/E/G ratio of 4.98 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. Duke Energy Corporation’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 earnings per share. equities research analysts anticipate that Duke Energy Corporation will post 4.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 93.44%.

In related news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Financial Advisory Service Inc. grew its position in Duke Energy Corporation by 0.3% in the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock valued at $562,000 after purchasing an additional 17 shares in the last quarter. Valley National Advisers Inc. grew its position in Duke Energy Corporation by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock valued at $219,000 after purchasing an additional 18 shares in the last quarter. Accredited Investors Inc. grew its position in Duke Energy Corporation by 0.7% in the first quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 19 shares in the last quarter. Hayek Kallen Investment Management grew its position in Duke Energy Corporation by 0.5% in the first quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock valued at $325,000 after purchasing an additional 19 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its position in Duke Energy Corporation by 0.3% in the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock valued at $594,000 after purchasing an additional 19 shares in the last quarter. 56.29% of the stock is owned by institutional investors and hedge funds.

About Duke Energy Corporation

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

Analyst Recommendations for Duke Energy Corporation (NYSE:DUK)

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