Duke Energy (NYSE:DUK) PT Raised to $125.00

Duke Energy (NYSE:DUK) had its price target increased by stock analysts at KeyCorp from $121.00 to $125.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price points to a potential upside of 7.55% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group initiated coverage on Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target on the stock. BMO Capital Markets increased their target price on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Morgan Stanley lifted their price target on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research note on Thursday, August 29th. Finally, The Goldman Sachs Group boosted their target price on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.21.

Duke Energy Price Performance

DUK stock opened at $116.22 on Monday. The firm has a market cap of $89.69 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 3.22 and a beta of 0.47. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. Duke Energy has a 1 year low of $83.06 and a 1 year high of $118.31. The stock has a 50-day simple moving average of $113.83 and a 200-day simple moving average of $105.00.

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

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the transaction, the executive vice president now owns 19,884 shares in the company, valued at $2,259,617.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Duke Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the 1st quarter worth $25,000. Fortitude Family Office LLC grew its position in Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares in the last quarter. Olistico Wealth LLC acquired a new position in Duke Energy during the 2nd quarter valued at about $30,000. Riverview Trust Co bought a new stake in shares of Duke Energy during the 1st quarter worth about $30,000. Finally, Sachetta LLC lifted its stake in shares of Duke Energy by 41.9% in the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 96 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

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.