Duke Energy (NYSE:DUK) Price Target Raised to $121.00

Duke Energy (NYSE:DUK) had its target price upped by investment analysts at KeyCorp from $117.00 to $121.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target suggests a potential upside of 2.47% from the stock’s previous close.

Several other research analysts have also recently commented on DUK. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Bank of America upped their target price on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Wells Fargo & Company upped their price objective on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group upped their price target on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Evercore ISI increased their target price 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. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $114.23.

Duke Energy Stock Up 0.7 %

Shares of NYSE DUK opened at $118.08 on Monday. The stock has a fifty day moving average price of $111.20 and a 200 day moving average price of $103.12. The company has a market cap of $91.13 billion, a P/E ratio of 29.67, a P/E/G ratio of 3.19 and a beta of 0.47. Duke Energy has a 12-month low of $83.06 and a 12-month high of $118.18. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56.

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 analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. Duke Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. Research analysts anticipate that Duke Energy will post 5.97 EPS for the current fiscal year.

Insider Transactions 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 value of $61,365.60. Following the completion of the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy during the first quarter worth $25,000. Fortitude Family Office LLC increased its position in shares of Duke Energy by 69.6% in the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 119 shares in the last quarter. Olistico Wealth LLC purchased a new stake in shares of Duke Energy in the 2nd quarter valued at approximately $30,000. Riverview Trust Co acquired a new position in Duke Energy in the 1st quarter worth approximately $30,000. Finally, Sachetta LLC raised its stake in Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

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.