Duke Energy (NYSE:DUK) had its price target lifted by Morgan Stanley from $96.00 to $100.00 in a research note released on Friday, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.

Several other brokerages have also recently issued reports on DUK. Bank of America lifted their target price on shares of Duke Energy from $89.00 to $91.00 and gave the stock a neutral rating in a report on Monday, March 11th. ValuEngine cut shares of Duke Energy from a buy rating to a hold rating in a report on Wednesday, April 3rd. Credit Suisse Group cut shares of Duke Energy from an outperform rating to a neutral rating in a report on Friday, February 15th. Zacks Investment Research cut shares of Duke Energy from a hold rating to a sell rating in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. set a $90.00 target price on shares of Duke Energy and gave the stock a hold rating in a report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Duke Energy currently has an average rating of Hold and an average target price of $88.00.

Shares of Duke Energy stock opened at $87.87 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.75 and a quick ratio of 0.49. The stock has a market capitalization of $63.17 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 3.65 and a beta of 0.13. Duke Energy has a 52-week low of $73.10 and a 52-week high of $91.67.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.03. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 earnings per share. As a group, research analysts predict that Duke Energy will post 4.91 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be paid a $0.9275 dividend. The ex-dividend date is Thursday, May 16th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.22%. Duke Energy’s dividend payout ratio is presently 78.60%.

In other news, SVP Dwight L. Jacobs sold 1,700 shares of Duke Energy stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $85.92, for a total value of $146,064.00. Following the completion of the sale, the senior vice president now directly owns 6,091 shares in the company, valued at $523,338.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lloyd M. Yates sold 5,117 shares of Duke Energy stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $88.20, for a total transaction of $451,319.40. The disclosure for this sale can be found here. Insiders sold 8,598 shares of company stock valued at $752,989 over the last quarter. Company insiders own 0.09% of the company’s stock.

Several hedge funds have recently made changes to their positions in DUK. Canton Hathaway LLC bought a new stake in shares of Duke Energy in the first quarter worth approximately $25,000. Harvest Group Wealth Management LLC bought a new stake in Duke Energy during the first quarter valued at approximately $26,000. Thor Advisors LLC bought a new stake in Duke Energy during the first quarter valued at approximately $30,000. Proficio Capital Partners LLC grew its position in Duke Energy by 59.0% during the fourth quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after buying an additional 164 shares during the period. Finally, Riverview Trust Co bought a new stake in Duke Energy during the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 60.18% 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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