Duke Energy (NYSE:DUK) PT Raised to $118.00

Duke Energy (NYSE:DUK) had its price target upped by analysts at Barclays from $102.00 to $118.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price would indicate a potential upside of 1.58% from the stock’s previous close.

A number of other analysts have also commented on DUK. Jefferies Financial Group assumed coverage on shares of Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target for the company. KeyCorp lifted their price target on shares of Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday. Scotiabank lifted their price target on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Finally, Wells Fargo & Company boosted their target price on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.21.

Duke Energy Stock Up 0.8 %

NYSE:DUK traded up $0.87 on Tuesday, reaching $116.17. 1,151,388 shares of the stock traded hands, compared to its average volume of 2,969,244. The company has a market capitalization of $89.66 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 3.22 and a beta of 0.47. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. Duke Energy has a 12 month low of $83.06 and a 12 month high of $118.31. The company’s fifty day simple moving average is $113.65 and its 200 day simple moving average is $104.85.

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

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Duke Energy

A number of hedge funds have recently bought and sold shares of DUK. KBC Group NV raised its stake in Duke Energy by 3.5% during the fourth quarter. KBC Group NV now owns 47,605 shares of the utilities provider’s stock valued at $4,620,000 after purchasing an additional 1,600 shares in the last quarter. NEOS Investment Management LLC increased its position in Duke Energy by 46.5% during the fourth quarter. NEOS Investment Management LLC now owns 10,938 shares of the utilities provider’s stock valued at $1,061,000 after acquiring an additional 3,472 shares during the last quarter. Rafferty Asset Management LLC increased its position in Duke Energy by 9.5% during the fourth quarter. Rafferty Asset Management LLC now owns 85,979 shares of the utilities provider’s stock valued at $8,343,000 after acquiring an additional 7,439 shares during the last quarter. Belpointe Asset Management LLC increased its position in Duke Energy by 13.7% during the fourth quarter. Belpointe Asset Management LLC now owns 9,537 shares of the utilities provider’s stock valued at $925,000 after acquiring an additional 1,150 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Duke Energy by 1.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 40,696 shares of the utilities provider’s stock valued at $3,949,000 after acquiring an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Company Profile

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.