Duke Energy (DUK) PT Raised to $81.00 at Bank of America

Duke Energy (NYSE:DUK) had its price target hoisted by equities researchers at Bank of America from $79.00 to $81.00 in a research note issued to investors on Wednesday. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Bank of America’s price objective would suggest a potential upside of 3.16% from the stock’s current price.

A number of other brokerages also recently issued reports on DUK. Morgan Stanley restated an “equal weight” rating and issued a $83.00 price target (down from $85.00) on shares of Duke Energy in a research report on Thursday, March 8th. Deutsche Bank upgraded Duke Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $77.22 to $86.00 in a research report on Monday, February 26th. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Royal Bank of Canada restated a “buy” rating and issued a $90.00 price target on shares of Duke Energy in a research report on Wednesday, March 14th. Finally, Goldman Sachs downgraded Duke Energy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $80.11 to $88.00 in a research report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $84.40.

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Shares of DUK opened at $78.52 on Wednesday. The firm has a market capitalization of $54,803.25, a P/E ratio of 17.18, a P/E/G ratio of 4.50 and a beta of 0.11. Duke Energy has a 52-week low of $72.93 and a 52-week high of $91.80. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $6.09 billion. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. Duke Energy’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. sell-side analysts anticipate that Duke Energy will post 4.71 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in DUK. Legal & General Group Plc lifted its position in shares of Duke Energy by 3.4% during the third quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock worth $422,872,000 after purchasing an additional 164,381 shares during the last quarter. Virginia Retirement Systems ET AL raised its holdings in shares of Duke Energy by 2.3% in the third quarter. Virginia Retirement Systems ET AL now owns 269,600 shares of the utilities provider’s stock valued at $22,625,000 after acquiring an additional 6,000 shares in the last quarter. Shoker Investment Counsel Inc. raised its holdings in shares of Duke Energy by 14.3% in the third quarter. Shoker Investment Counsel Inc. now owns 5,158 shares of the utilities provider’s stock valued at $432,000 after acquiring an additional 646 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Duke Energy by 9.5% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,919 shares of the utilities provider’s stock valued at $4,777,000 after acquiring an additional 4,922 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. raised its holdings in shares of Duke Energy by 0.9% in the third quarter. Edgemoor Investment Advisors Inc. now owns 76,397 shares of the utilities provider’s stock valued at $6,411,000 after acquiring an additional 655 shares in the last quarter. Institutional investors and hedge funds own 56.98% of the company’s stock.

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About Duke Energy

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.

Analyst Recommendations for Duke Energy (NYSE:DUK)

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