Shares of Duke Energy Corporation (NYSE:DUK) have earned an average rating of “Hold” from the seventeen brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $83.76.

DUK has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. KeyCorp reiterated a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Morgan Stanley lifted their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) upgraded shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $82.00 to $85.00 in a research note on Monday, June 26th. Finally, BidaskClub lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th.

Shares of Duke Energy Corporation (NYSE:DUK) traded up 0.71% during midday trading on Thursday, hitting $87.66. The company had a trading volume of 883,779 shares. The company has a market capitalization of $61.36 billion, a price-to-earnings ratio of 25.97 and a beta of 0.24. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40. The company’s 50-day moving average price is $86.03 and its 200 day moving average price is $84.92.

Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the business earned $1.07 EPS. Duke Energy Corporation’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.

In other news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the sale, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Winfield Associates Inc. lifted its holdings in shares of Duke Energy Corporation by 14.3% during the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 165 shares during the last quarter. Jolley Asset Management LLC lifted its holdings in shares of Duke Energy Corporation by 26.4% during the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. bought a new stake in shares of Duke Energy Corporation during the 2nd quarter worth $130,000. Advantage Investment Management LLC lifted its holdings in shares of Duke Energy Corporation by 37.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 462 shares during the last quarter. Finally, Jacobi Capital Management LLC lifted its holdings in shares of Duke Energy Corporation by 104.1% during the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 1,010 shares during the last quarter. 56.21% of the stock is owned by institutional investors.

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Duke Energy Corporation Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

Analyst Recommendations for Duke Energy Corporation (NYSE:DUK)

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