Duke Energy (NYSE:DUK) had its target price upped by JPMorgan Chase from $77.00 to $78.00 in a research note issued to investors on Tuesday morning. JPMorgan Chase currently has an underweight rating on the utilities provider’s stock.
Other equities analysts also recently issued research reports about the stock. SunTrust Banks set a $80.00 target price on shares of Duke Energy and gave the stock a hold rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of Duke Energy from a sell rating to a hold rating in a research note on Tuesday, February 13th. UBS began coverage on shares of Duke Energy in a research note on Friday, February 2nd. They set a buy rating and a $91.00 price objective for the company. Guggenheim reaffirmed a buy rating and set a $82.00 price objective on shares of Duke Energy in a research note on Friday, February 23rd. Finally, ValuEngine cut shares of Duke Energy from a buy rating to a hold rating in a research note on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $85.00.
DUK opened at $76.14 on Tuesday. The stock has a market capitalization of $53,963.14, a PE ratio of 16.66, a price-to-earnings-growth ratio of 4.44 and a beta of 0.11. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.42. Duke Energy has a twelve month low of $72.93 and a twelve month high of $91.80.
Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.03. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $6.09 billion. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. equities research analysts anticipate that Duke Energy will post 4.7 EPS for the current fiscal year.
In other Duke Energy news, COO Dhiaa M. Jamil sold 500 shares of Duke Energy stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total transaction of $44,540.00. Following the completion of the sale, the chief operating officer now directly owns 34,115 shares in the company, valued at $3,038,964.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.07% of the company’s stock.
A number of institutional investors have recently made changes to their positions in DUK. Truewealth LLC bought a new stake in Duke Energy during the fourth quarter valued at approximately $102,000. Shamrock Asset Management LLC bought a new stake in Duke Energy during the fourth quarter valued at approximately $115,000. Global Trust Asset Management LLC bought a new stake in Duke Energy during the fourth quarter valued at approximately $115,000. Wealthcare Advisory Partners LLC bought a new stake in Duke Energy during the third quarter valued at approximately $131,000. Finally, Acropolis Investment Management LLC bought a new stake in Duke Energy during the fourth quarter valued at approximately $131,000. Institutional investors and hedge funds own 57.04% of the company’s stock.
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.
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