Brokerages Set Duke Energy Corp (NYSE:DUK) Price Target at $93.47

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Duke Energy Corp (NYSE:DUK) has received an average recommendation of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $93.88.

Several research firms have recently commented on DUK. Morgan Stanley increased their price target on shares of Duke Energy from $89.00 to $96.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Scotiabank lowered shares of Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a research report on Thursday. Bank of America upgraded shares of Duke Energy from a “neutral” rating to a “buy” rating and lowered their price target for the company from $87.00 to $85.00 in a research report on Wednesday, September 9th. Seaport Global Securities began coverage on shares of Duke Energy in a research report on Tuesday, June 9th. They issued a “neutral” rating on the stock. Finally, BofA Securities upgraded shares of Duke Energy from a “neutral” rating to a “buy” rating and lowered their price target for the company from $87.00 to $85.00 in a research report on Wednesday, September 9th.

DUK traded up $1.53 on Monday, hitting $91.58. 5,925,175 shares of the company were exchanged, compared to its average volume of 3,930,615. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.36 and a current ratio of 0.55. The business’s fifty day moving average is $82.15 and its 200 day moving average is $82.93. Duke Energy has a fifty-two week low of $62.13 and a fifty-two week high of $103.79. The firm has a market capitalization of $67.35 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 3.88 and a beta of 0.27.

Duke Energy (NYSE:DUK) last issued its earnings results on Monday, August 10th. The utilities provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.05. Duke Energy had a net margin of 8.76% and a return on equity of 8.10%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same period in the prior year, the business posted $1.12 earnings per share. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. Analysts forecast that Duke Energy will post 5.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Friday, August 14th were given a dividend of $0.965 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.86 dividend on an annualized basis and a yield of 4.21%. This is a positive change from Duke Energy’s previous quarterly dividend of $0.95. Duke Energy’s dividend payout ratio (DPR) is 76.28%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Curbstone Financial Management Corp raised its stake in Duke Energy by 13.1% during the third quarter. Curbstone Financial Management Corp now owns 6,032 shares of the utilities provider’s stock worth $534,000 after purchasing an additional 700 shares during the period. Trust Co. of Toledo NA OH raised its stake in Duke Energy by 1.4% during the third quarter. Trust Co. of Toledo NA OH now owns 22,836 shares of the utilities provider’s stock worth $2,022,000 after purchasing an additional 310 shares during the period. Private Trust Co. NA raised its stake in Duke Energy by 5.3% during the third quarter. Private Trust Co. NA now owns 12,090 shares of the utilities provider’s stock worth $1,070,000 after purchasing an additional 608 shares during the period. Two Sigma Advisers LP raised its stake in Duke Energy by 13.5% during the second quarter. Two Sigma Advisers LP now owns 1,757,301 shares of the utilities provider’s stock worth $140,391,000 after purchasing an additional 208,500 shares during the period. Finally, Demars Financial Group LLC raised its stake in Duke Energy by 44.3% during the second quarter. Demars Financial Group LLC now owns 9,013 shares of the utilities provider’s stock worth $720,000 after purchasing an additional 2,769 shares during the period. Hedge funds and other institutional investors own 63.79% of the company’s stock.

About Duke Energy

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Analyst Recommendations for Duke Energy (NYSE:DUK)

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