Analysts Set Duke Energy Co. (NYSE:DUK) PT at $116.36

Shares of Duke Energy Co. (NYSE:DUKGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $117.07.

A number of equities analysts have recently issued reports on DUK shares. Barclays increased their target price on Duke Energy from $99.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Scotiabank raised their target price on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Bank of America raised their price objective 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. Finally, Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price on the stock.

Read Our Latest Research Report on Duke Energy

Duke Energy Stock Performance

Shares of DUK stock opened at $115.30 on Tuesday. Duke Energy has a 52 week low of $83.06 and a 52 week high of $118.31. The stock has a market capitalization of $88.98 billion, a PE ratio of 28.97, a P/E/G ratio of 3.22 and a beta of 0.47. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The firm has a 50 day moving average of $113.65 and a two-hundred day moving average of $104.85.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. The company had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. On average, research analysts predict that Duke Energy will post 5.97 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 16th were issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.63%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, August 16th. Duke Energy’s dividend payout ratio is 105.03%.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the first quarter worth approximately $25,000. Fortitude Family Office LLC increased its holdings in shares of Duke Energy by 69.6% during the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after buying an additional 119 shares during the last quarter. Riverview Trust Co acquired a new position in Duke Energy in the first quarter valued at $30,000. Olistico Wealth LLC purchased a new stake in Duke Energy during the second quarter valued at about $30,000. Finally, Cedar Wealth Management LLC increased its stake in Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Company Profile

(Get Free Report

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.

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Analyst Recommendations for Duke Energy (NYSE:DUK)

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