Recent Investment Analysts’ Ratings Changes for Duke Energy (DUK)

Several brokerages have updated their recommendations and price targets on shares of Duke Energy (NYSE: DUK) in the last few weeks:

  • 5/23/2019 – Duke Energy was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 5/22/2019 – Duke Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Duke Energy faces challenges from severe weather conditions, which may result in infrastructure damage and break down. Potential volatility in market prices of fuel, electricity and other renewable energy commodities could also create operational risks. Moreover, massive debt levels can turn out to be a major headwind for the company, going ahead. Currently, its strategy includes generation of cleaner energy, as a result of which it is anticipated to incur environmental compliance cost of $2.78 billion for the 2019-2023 period. Such costs may weigh on the company’s bottom-line growth. However, it expects to invest about $37 billion in its overall growth projects in the 2019-2023-time frame. This investment plan will drive earnings base growth in the company’s combined electric and gas businesses by approximately 6%, over the next five years. Duke Energy also outperformed the industry in the past twelve months.”
  • 5/20/2019 – Duke Energy was given a new $90.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “hold” rating on the stock.
  • 5/16/2019 – Duke Energy had its price target raised by analysts at Morgan Stanley from $94.00 to $96.00. They now have an “equal weight” rating on the stock.
  • 5/13/2019 – Duke Energy was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating.
  • 4/3/2019 – Duke Energy was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of DUK opened at $85.53 on Friday. Duke Energy Corp has a 52 week low of $71.96 and a 52 week high of $91.67. The company has a market cap of $62.47 billion, a P/E ratio of 18.12, a P/E/G ratio of 3.58 and a beta of 0.06. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.03. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 earnings per share. On average, equities research analysts predict that Duke Energy Corp will post 4.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be paid a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Thursday, May 16th. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,117 shares of Duke Energy stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total value of $451,319.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Marie Mckee sold 1,781 shares of Duke Energy stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $87.37, for a total transaction of $155,605.97. Following the completion of the sale, the director now owns 1 shares of the company’s stock, valued at $87.37. The disclosure for this sale can be found here. Insiders sold 8,598 shares of company stock valued at $752,989 over the last quarter. Corporate insiders own 0.09% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canton Hathaway LLC acquired a new stake in shares of Duke Energy in the first quarter worth $25,000. Harvest Group Wealth Management LLC acquired a new stake in shares of Duke Energy in the first quarter worth $26,000. Riverview Trust Co acquired a new stake in shares of Duke Energy in the first quarter worth $39,000. Proficio Capital Partners LLC lifted its stake in shares of Duke Energy by 59.0% in the fourth quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock worth $38,000 after buying an additional 164 shares during the last quarter. Finally, Glassman Wealth Services lifted its stake in shares of Duke Energy by 35.2% in the first quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock worth $40,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 60.22% of the company’s stock.

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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