SunTrust Banks set a $82.00 price target on Duke Energy (NYSE:DUK) in a report published on Monday. The brokerage currently has a hold rating on the utilities provider’s stock.

A number of other research firms have also recently commented on DUK. Morgan Stanley reissued an equal weight rating and set a $83.00 price target (down previously from $85.00) on shares of Duke Energy in a report on Thursday, March 8th. Deutsche Bank raised Duke Energy from a hold rating to a buy rating and upped their target price for the stock from $77.22 to $86.00 in a report on Monday, February 26th. ValuEngine cut Duke Energy from a buy rating to a hold rating in a report on Tuesday, December 19th. Royal Bank of Canada reaffirmed a buy rating and issued a $90.00 target price on shares of Duke Energy in a report on Wednesday, March 14th. Finally, Goldman Sachs cut Duke Energy from a buy rating to a neutral rating and upped their target price for the stock from $80.11 to $88.00 in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $86.53.

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Duke Energy stock opened at $76.19 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 1.17. Duke Energy has a fifty-two week low of $72.93 and a fifty-two week high of $91.80. The company has a market capitalization of $53,508.08, a price-to-earnings ratio of 17.47, a PEG ratio of 4.40 and a beta of 0.15.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. Duke Energy’s revenue was up 4.1% on a year-over-year basis. research analysts expect that Duke Energy will post 4.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 16th were given a $0.89 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.67%. Duke Energy’s dividend payout ratio (DPR) is presently 81.65%.

In other Duke Energy news, COO Dhiaa M. Jamil sold 500 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $89.08, for a total value of $44,540.00. Following the sale, the chief operating officer now owns 34,115 shares in the company, valued at approximately $3,038,964.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.07% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DUK. Truewealth LLC bought a new stake in shares of Duke Energy in the 4th quarter valued at about $102,000. Nelson Roberts Investment Advisors LLC bought a new stake in shares of Duke Energy in the 3rd quarter valued at about $112,000. Shamrock Asset Management LLC bought a new stake in shares of Duke Energy in the 4th quarter valued at about $115,000. Global Trust Asset Management LLC bought a new stake in shares of Duke Energy in the 4th quarter valued at about $115,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of Duke Energy in the 3rd quarter valued at about $131,000. Hedge funds and other institutional investors own 56.98% of the company’s stock.

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Duke Energy 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 (NYSE:DUK)

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