Duke Energy (NYSE:DUK) Price Target Raised to $95.00

Duke Energy (NYSE:DUK) had its price target increased by research analysts at Morgan Stanley from $93.00 to $95.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 6.30% from the stock’s previous close.

A number of other analysts have also recently commented on DUK. BMO Capital Markets lowered their price objective on shares of Duke Energy from $105.00 to $98.00 and set an “outperform” rating for the company in a research report on Wednesday, August 9th. Royal Bank of Canada decreased their price objective on Duke Energy from $104.00 to $101.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. Mizuho dropped their target price on shares of Duke Energy from $92.00 to $91.00 and set a “neutral” rating on the stock in a report on Friday, August 25th. Guggenheim reduced their price target on shares of Duke Energy from $102.00 to $93.00 in a report on Monday, October 9th. Finally, KeyCorp dropped their price objective on shares of Duke Energy from $109.00 to $96.00 and set an “overweight” rating on the stock in a report on Thursday, October 5th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $98.55.

Duke Energy Trading Up 0.1 %

NYSE:DUK traded up $0.07 during mid-day trading on Tuesday, hitting $89.37. The company had a trading volume of 288,276 shares, compared to its average volume of 3,061,326. The firm has a market cap of $68.88 billion, a P/E ratio of 56.92, a P/E/G ratio of 2.63 and a beta of 0.45. Duke Energy has a fifty-two week low of $83.06 and a fifty-two week high of $106.43. The business’s fifty day moving average is $89.56 and its two-hundred day moving average is $90.88. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.52 and a current ratio of 0.76.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.02. Duke Energy had a net margin of 4.47% and a return on equity of 8.24%. The business had revenue of $7.99 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same quarter last year, the firm earned $1.78 EPS. Duke Energy’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, research analysts expect that Duke Energy will post 5.59 earnings per share for the current year.

Institutional Investors Weigh In On Duke Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Shepherd Financial Partners LLC boosted its holdings in Duke Energy by 0.5% in the 1st quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock worth $2,326,000 after buying an additional 94 shares during the period. Trust Investment Advisors lifted its holdings in shares of Duke Energy by 0.8% in the first quarter. Trust Investment Advisors now owns 13,066 shares of the utilities provider’s stock worth $1,261,000 after buying an additional 103 shares in the last quarter. First Manhattan Co. increased its holdings in shares of Duke Energy by 0.9% in the fourth quarter. First Manhattan Co. now owns 11,917 shares of the utilities provider’s stock worth $1,227,000 after purchasing an additional 107 shares during the period. AlphaMark Advisors LLC raised its position in shares of Duke Energy by 6.8% in the first quarter. AlphaMark Advisors LLC now owns 1,727 shares of the utilities provider’s stock worth $167,000 after buying an additional 110 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in Duke Energy by 0.6% during the first quarter. Belpointe Asset Management LLC now owns 19,405 shares of the utilities provider’s stock valued at $1,872,000 after buying an additional 112 shares during the period. Institutional investors own 63.68% 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 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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.