Duke Energy Corporation (NYSE: DUK) has recently received a number of price target changes and ratings updates:

  • 8/10/2017 – Duke Energy Corporation had its price target raised by analysts at Morgan Stanley from $87.00 to $89.00. They now have an “equal weight” rating on the stock.
  • 8/9/2017 – Duke Energy Corporation had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $84.00 price target on the stock, up previously from $83.00.
  • 8/4/2017 – Duke Energy Corporation had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $87.00 price target on the stock, up previously from $85.00.
  • 7/24/2017 – Duke Energy Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/21/2017 – Duke Energy Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $95.00 price target on the stock. According to Zacks, “Duke Energy’s hefty investment plans for the next five years, to improve its business by generating cleaner energy and bolstering its renewable asset base, buoys optimism. The acquisition of Piedmont Natural Gas is also expected to offer substantial boost to its business. Duke Energy also pursues a systematic asset divestment initiative. Moreover, it outperformed the Zacks categorized Utility-Electric Power industry over last one year. On the flip side, Duke Energy faces challenges from severe weather conditions and natural calamities like hurricanes, which may result in breakdown and damage its infrastructure.”
  • 7/18/2017 – Duke Energy Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Duke Energy’s hefty investment plans for the next five years, to improve its business by generating cleaner energy and bolstering its renewable asset base, buoys optimism. The acquisition of Piedmont Natural Gas is also expected to offer substantial boost to its business. Duke Energy also pursues a systematic asset divestment initiative. Moreover, it outperformed the Zacks categorized Utility-Electric Power industry over last one year. On the flip side, Duke Energy faces challenges from severe weather conditions and natural calamities like hurricanes, which may result in breakdown and damage its infrastructure. Also stringent environmental regulations and foreign exchange risks may hinder Duke Energy’s performance.”
  • 7/11/2017 – Duke Energy Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $93.00 price target on the stock. According to Zacks, “Duke Energy’s hefty investment plans for the next five years, to improve its business by generating cleaner energy and bolstering its renewable asset base, buoys optimism. The acquisition of Piedmont Natural Gas is also expected to offer substantial boost to its business. Duke Energy also pursues a systematic asset divestment initiative. Moreover, it outperformed the Zacks categorized Utility-Electric Power industry over last one year. Duke Energy has also been pursuing additional generation projects, such as dual-fuel capabilities, and combined heat and power facilities to increase the flexibility of its system. Yet, stringent environmental regulations, severe weather patterns and foreign exchange risks may hinder Duke Energy’s performance.”
  • 7/10/2017 – Duke Energy Corporation had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $87.00 price target on the stock, down previously from $91.00.
  • 7/6/2017 – Duke Energy Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/26/2017 – Duke Energy Corporation was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating. They now have a $85.00 price target on the stock, up previously from $82.00.
  • 6/24/2017 – Duke Energy Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/13/2017 – Duke Energy Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Duke Energy’s hefty investment plans for the next five years, to improve its business by generating cleaner energy and bolstering its renewable asset base, buoys optimism. The acquisition of Piedmont Natural Gas is also expected to offer substantial boost to its business. Duke Energy also pursues a systematic asset divestment initiative. Moreover, it outperformed the Zacks categorized Utility-Electric Power industry over last one year. Yet, stringent environmental regulations, severe weather patterns and foreign exchange risks may hinder Duke Energy’s performance. Further, adverse outcome from pending regulatory cases may also negatively impact its earnings. Potential volatility in market prices of fuel, electricity and other renewable energy commodities could create operational risks for the company.”

Duke Energy Corporation (DUK) opened at 86.39 on Friday. The firm has a market capitalization of $60.47 billion, a P/E ratio of 25.59 and a beta of 0.24. The stock’s 50 day moving average price is $84.80 and its 200 day moving average price is $82.78. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $87.75.

Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the business posted $1.07 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is 101.48%.

In other Duke Energy Corporation news, Director Theodore F. Craver, Jr. purchased 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $83.73 per share, with a total value of $293,055.00. Following the completion of the transaction, the director now directly owns 5,706 shares of the company’s stock, valued at approximately $477,763.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director E Marie Mckee sold 1,937 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total transaction of $165,206.73. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

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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