Duke Energy (NYSE:DUK) Price Target Raised to $128.00

by · The Markets Daily

Duke Energy (NYSE:DUK – Free Report) had its price objective lifted by Morgan Stanley from $127.00 to $128.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have an equal weight rating on the utilities provider’s stock.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Duke Energy from $137.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Truist Financial cut their price target on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a research note on Friday, July 31st. Barclays decreased their price objective on shares of Duke Energy from $132.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Finally, KeyCorp dropped their target price on shares of Duke Energy from $139.00 to $128.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.19.

Get Our Latest Analysis on Duke Energy

Duke Energy Trading Down 0.2%

Shares of DUK opened at $125.11 on Wednesday. The company has a market capitalization of $97.54 billion, a P/E ratio of 18.80, a P/E/G ratio of 2.93 and a beta of 0.36. Duke Energy has a one year low of $112.40 and a one year high of $134.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. The stock has a 50-day moving average price of $118.87 and a 200 day moving average price of $123.46.

Duke Energy (NYSE:DUK – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. The firm had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the firm earned $1.25 EPS. Duke Energy’s quarterly revenue was up 1.1% on a year-over-year basis. Sell-side analysts forecast that Duke Energy will post 6.72 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be given a $1.0850 dividend. The ex-dividend date is Friday, November 13th. This represents a $4.34 annualized dividend and a dividend yield of 3.5%. Duke Energy’s dividend payout ratio (DPR) is presently 65.17%.

Institutional Investors Weigh In On Duke Energy

A number of institutional investors have recently made changes to their positions in DUK. Compass Wealth Management LLC bought a new stake in Duke Energy during the third quarter valued at $33,000. IAG Wealth Partners LLC lifted its position in shares of Duke Energy by 154.6% in the 1st quarter. IAG Wealth Partners LLC now owns 275 shares of the utilities provider’s stock worth $36,000 after buying an additional 167 shares during the last quarter. Evergreen Advisors LLC bought a new position in shares of Duke Energy in the 1st quarter worth about $36,000. Dynamic Wealth Strategies LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at about $38,000. Finally, Millstone Evans Group LLC boosted its holdings in shares of Duke Energy by 53.1% in the 1st quarter. Millstone Evans Group LLC now owns 297 shares of the utilities provider’s stock valued at $39,000 after buying an additional 103 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Company Profile

(Get Free Report)

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.

Further Reading