Morgan Stanley Raises Duke Energy (DUK) Price Target to $96.00
Duke Energy (NYSE:DUK) had its target price boosted by Morgan Stanley from $95.00 to $96.00 in a report published on Wednesday morning. They currently have an equal weight rating on the utilities provider’s stock.
Several other research analysts have also issued reports on DUK. BidaskClub raised Duke Energy from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Zacks Investment Research lowered Duke Energy from a buy rating to a hold rating in a research report on Wednesday, August 23rd. Royal Bank of Canada reaffirmed a buy rating and set a $87.00 target price on shares of Duke Energy in a research report on Tuesday, August 29th. KeyCorp reaffirmed a hold rating on shares of Duke Energy in a research report on Friday, September 1st. Finally, SunTrust Banks reaffirmed a hold rating and set a $87.00 target price on shares of Duke Energy in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Duke Energy currently has an average rating of Hold and a consensus target price of $87.21.
Duke Energy (DUK) opened at $87.84 on Wednesday. Duke Energy has a 1 year low of $75.78 and a 1 year high of $91.80. The stock has a market capitalization of $61,289.86, a PE ratio of 19.68, a P/E/G ratio of 4.79 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71.
Duke Energy (NYSE:DUK) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the company posted $1.68 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. equities analysts predict that Duke Energy will post 4.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.56 annualized dividend and a yield of 4.05%. Duke Energy’s payout ratio is presently 117.49%.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Financial Advisory Service Inc. boosted its stake in shares of Duke Energy by 0.3% in the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock worth $562,000 after buying an additional 17 shares during the last quarter. Valley National Advisers Inc. boosted its stake in shares of Duke Energy by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after buying an additional 18 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Duke Energy by 0.3% in the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock worth $594,000 after buying an additional 19 shares during the last quarter. Accredited Investors Inc. boosted its stake in shares of Duke Energy by 0.7% in the second quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock worth $235,000 after buying an additional 19 shares during the last quarter. Finally, Hudock Capital Group LLC boosted its stake in shares of Duke Energy by 0.3% in the second quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock worth $699,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 57.34% of the company’s stock.
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About Duke Energy
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.
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