Duke Energy Corporation (NYSE:DUK) Receives $137.56 Average Target Price from Analysts

by · The Markets Daily

Shares of Duke Energy Corporation (NYSE:DUK – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $137.5625.

Several equities analysts have recently weighed in on the stock. Morgan Stanley decreased their price target on shares of Duke Energy from $133.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Friday. Wall Street Zen downgraded shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Saturday. Barclays decreased their target price on shares of Duke Energy from $140.00 to $132.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Truist Financial lowered their target price on Duke Energy from $138.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Finally, Mizuho set a $136.00 price target on Duke Energy in a report on Wednesday, August 5th.

Read Our Latest Analysis on Duke Energy

Institutional Trading of Duke Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. boosted its holdings in Duke Energy by 1.2% during the second quarter. Ables Iannone Moore & Associates Inc. now owns 6,623 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 80 shares in the last quarter. Sharp Wealth Advisory LLC raised its holdings in shares of Duke Energy by 4.5% in the 1st quarter. Sharp Wealth Advisory LLC now owns 1,876 shares of the utilities provider’s stock worth $246,000 after buying an additional 81 shares in the last quarter. Absher Wealth Management LLC raised its holdings in shares of Duke Energy by 2.3% in the 1st quarter. Absher Wealth Management LLC now owns 3,648 shares of the utilities provider’s stock worth $478,000 after buying an additional 81 shares in the last quarter. Elm Partners Management LLC lifted its position in shares of Duke Energy by 0.9% during the 4th quarter. Elm Partners Management LLC now owns 9,254 shares of the utilities provider’s stock worth $1,085,000 after buying an additional 83 shares during the period. Finally, Sovereign Financial Group Inc. boosted its stake in Duke Energy by 2.8% in the 1st quarter. Sovereign Financial Group Inc. now owns 3,052 shares of the utilities provider’s stock valued at $400,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.7%

Shares of DUK opened at $116.68 on Friday. The stock has a 50 day moving average price of $122.96 and a 200 day moving average price of $125.69. Duke Energy has a one year low of $113.89 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 market capitalization of $90.98 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 2.74 and a beta of 0.37.

Duke Energy (NYSE:DUK – Get Free Report) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.13. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The company had revenue of $7.59 billion for the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts forecast that Duke Energy will post 6.72 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th were given a dividend of $1.085 per share. This represents a $4.34 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s dividend payout ratio is presently 65.17%.

Duke Energy Company Profile

(Get Free Report)

Duke Energy Corporation is an electric and natural gas utility holding company headquartered in Charlotte, North Carolina. The company generates, transmits, distributes and sells electricity, with a generation portfolio that includes natural gas, nuclear, coal, hydroelectric and renewable energy resources. It also operates natural gas distribution businesses and provides related energy services.

Duke Energy’s regulated electric utilities serve residential, commercial and industrial customers across the Carolinas, Florida, Indiana, Ohio and Kentucky.

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