Duke Energy (DUK) PT Raised to $85.00 at Morgan Stanley

Duke Energy (NYSE:DUK) had its price objective lifted by equities research analysts at Morgan Stanley from $83.00 to $85.00 in a note issued to investors on Monday. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target indicates a potential upside of 10.86% from the stock’s previous close.

A number of other analysts have also weighed in on DUK. ValuEngine lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. SunTrust Banks reaffirmed a “hold” rating and issued a $83.00 price target on shares of Duke Energy in a research note on Tuesday, December 26th. Guggenheim reaffirmed a “buy” rating and issued a $96.00 price target on shares of Duke Energy in a research note on Wednesday, January 3rd. Goldman Sachs lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $80.11 to $88.00 in a research note on Wednesday, January 10th. Finally, Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Duke Energy has a consensus rating of “Hold” and a consensus target price of $85.13.

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Shares of NYSE:DUK opened at $76.67 on Monday. The company has a market capitalization of $53,676.10, a PE ratio of 16.78, a P/E/G ratio of 4.42 and a beta of 0.11. Duke Energy has a twelve month low of $72.93 and a twelve month high of $91.80. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $6.09 billion. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 EPS. equities analysts forecast that Duke Energy will post 4.7 earnings per share for the current year.

In related news, COO Dhiaa M. Jamil sold 500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total transaction of $44,540.00. Following the completion of the sale, the chief operating officer now directly owns 34,115 shares of the company’s stock, valued at $3,038,964.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. BB&T Investment Services Inc. lifted its position in shares of Duke Energy by 12.8% in the 3rd quarter. BB&T Investment Services Inc. now owns 16,991 shares of the utilities provider’s stock valued at $1,424,000 after acquiring an additional 1,923 shares in the last quarter. Iberiabank Corp lifted its position in shares of Duke Energy by 3.6% in the 3rd quarter. Iberiabank Corp now owns 65,328 shares of the utilities provider’s stock valued at $5,487,000 after acquiring an additional 2,297 shares in the last quarter. Atlantic Trust Group LLC lifted its position in shares of Duke Energy by 52.5% in the 3rd quarter. Atlantic Trust Group LLC now owns 26,754 shares of the utilities provider’s stock valued at $2,244,000 after acquiring an additional 9,213 shares in the last quarter. Camden National Bank lifted its position in shares of Duke Energy by 1.7% in the 3rd quarter. Camden National Bank now owns 95,891 shares of the utilities provider’s stock valued at $8,047,000 after acquiring an additional 1,606 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. lifted its position in shares of Duke Energy by 13.5% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 11,394 shares of the utilities provider’s stock valued at $958,000 after acquiring an additional 1,357 shares in the last quarter. Institutional investors and hedge funds own 56.98% of the company’s stock.

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About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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