Duke Energy (NYSE: DUK) was downgraded by equity analysts at BMO Capital Markets from an “outperformance” rating to a “market performance” rating in a research note released to investors Friday, Analyst Price Targets reports.
Several other equity research analysts also recently commented on DUK. Barclays reaffirmed a “on par” rating and published a price target of $ 110.00 on Duke Energy shares in a report released on Monday, December 6. Mizuho lowered his price target on Duke Energy from $ 109.00 to $ 102.00 and set a “neutral” rating for the company in a report released on Tuesday, October 5. Finally, Morgan Stanley raised its price target on Duke Energy from $ 107.00 to $ 113.00 and gave the company an “equal weight” rating in a report released on Tuesday, December 21. Eleven research analysts rated the stock with a conservation rating and two gave the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $ 105.08.
NYSE DUK shares traded up $ 1.03 at midday on Friday, reaching $ 104.50. 2,989,887 shares of the company were traded, for an average volume of 3,042,297. The company has a 50-day moving average of $ 101.58 and a 200-day moving average of $ 102.31. Duke Energy has a one-year low of $ 85.56 and a one-year high of $ 108.38. The stock has a market cap of $ 80.40 billion, a price / earnings ratio of 27.01, a P / E / G ratio of 3.80, and a beta of 0.34. The company has a quick ratio of 0.42, a current ratio of 0.61, and a debt ratio of 1.18.
Duke Energy (NYSE: DUK) last reported its results on Thursday, November 4. The utility provider reported earnings per share (EPS) of $ 1.88 for the quarter, beating Thomson Reuters consensus estimate of $ 1.80 by $ 0.08. The company posted revenue of $ 6.95 billion for the quarter, compared to analysts’ estimates of $ 7.46 billion. Duke Energy recorded a return on equity of 8.69% and a net margin of 12.58%. The company’s quarterly revenue increased 3.4% compared to the same quarter last year. During the same period of the previous year, the company posted EPS of $ 1.87. On average, stock analysts forecast Duke Energy to post earnings per share of 5.22 for the current year.
Meanwhile, CFO Steven K. Young sold 2,000 shares of the company in a transaction dated Wednesday, December 1. The shares were sold for an average price of $ 97.44, for a total value of $ 194,880.00. The transaction was disclosed in a legal file with the SEC, which is available at this link. In addition, COO Dhiaa M. Jamil sold 400 shares of the company in a transaction dated Wednesday, November 17. The shares were sold at an average price of $ 98.71, for a total trade of $ 39,484.00. Disclosure of this sale can be found here. Company insiders own 0.11% of the company’s shares.
Hedge funds have recently changed their positions in the company. Alpha Cubed Investments LLC increased its stake in Duke Energy shares by 2.2% during the third quarter. Alpha Cubed Investments LLC now owns 4,565 shares of the utility company valued at $ 445,000 after purchasing an additional 97 shares in the last quarter. Center Asset Management LLC increased its stake in Duke Energy shares by 1.2% during the third quarter. Center Asset Management LLC now owns 8,569 shares of the utility company valued at $ 884,000 after purchasing an additional 100 shares in the last quarter. Beaton Management Co. Inc. increased its stake in Duke Energy shares by 3.2% during the third quarter. Beaton Management Co. Inc. now owns 3,202 shares of the utility company valued at $ 312,000 after purchasing an additional 100 shares in the last quarter. United Asset Strategies Inc. increased its stake in Duke Energy shares by 3.3% during the third quarter. United Asset Strategies Inc. now owns 3,169 shares of the utility company valued at $ 309,000 after purchasing 101 additional shares in the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV increased its stake in Duke Energy shares by 1.4% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 7,699 shares of the utility company valued at $ 760,000 after purchasing 103 more shares in the last quarter. Institutional investors hold 62.56% of the shares of the company.
About Duke Energy
Duke Energy Corp. deals with the 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 operates in Duke Energy’s regulated electric utilities in the Carolinas, Florida and the Midwest.
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