Duke Energy (DUK) Price Target Raised to $96.00

Duke Energy (NYSE:DUK) had its price target increased by Morgan Stanley from $94.00 to $96.00 in a report published on Thursday, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the utilities provider’s stock.

Other research analysts have also issued reports about the company. Bank of America lowered Duke Energy from a neutral rating to an underperform rating in a research report on Monday. ValuEngine lowered Duke Energy from a buy rating to a hold rating in a research report on Wednesday, April 3rd. Finally, Credit Suisse Group lowered Duke Energy from an outperform rating to a neutral rating in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Duke Energy has a consensus rating of Hold and a consensus price target of $86.90.

Shares of DUK traded up $0.28 during trading hours on Thursday, reaching $86.52. The stock had a trading volume of 211,215 shares, compared to its average volume of 2,727,607. Duke Energy has a 12 month low of $71.96 and a 12 month high of $91.67. The stock has a market capitalization of $63.19 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 3.62 and a beta of 0.06. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.49 and a current ratio of 0.75.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be given a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s dividend payout ratio is currently 78.60%.

In other Duke Energy news, EVP Melissa H. Anderson sold 2,000 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total transaction of $174,980.00. Following the completion of the sale, the executive vice president now directly owns 18,198 shares in the company, valued at approximately $1,592,143.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Dhiaa M. Jamil sold 750 shares of the stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total value of $67,312.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,250 shares of company stock valued at $1,900,878. 0.09% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. OLD Second National Bank of Aurora increased its position in shares of Duke Energy by 4.1% during the first quarter. OLD Second National Bank of Aurora now owns 2,920 shares of the utilities provider’s stock valued at $263,000 after buying an additional 114 shares during the period. BRYN MAWR TRUST Co grew its stake in shares of Duke Energy by 0.5% in the 4th quarter. BRYN MAWR TRUST Co now owns 21,157 shares of the utilities provider’s stock worth $1,826,000 after buying an additional 115 shares in the last quarter. Glassman Wealth Services grew its stake in shares of Duke Energy by 35.2% in the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock worth $40,000 after buying an additional 117 shares in the last quarter. Atlas Brown Inc. grew its stake in shares of Duke Energy by 1.4% in the 1st quarter. Atlas Brown Inc. now owns 9,063 shares of the utilities provider’s stock worth $816,000 after buying an additional 123 shares in the last quarter. Finally, Intl Fcstone Inc. grew its stake in shares of Duke Energy by 3.8% in the 1st quarter. Intl Fcstone Inc. now owns 3,400 shares of the utilities provider’s stock worth $306,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 61.10% of the company’s stock.

Duke Energy Company Profile

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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