Wells Fargo & Company Boosts Duke Energy (NYSE:DUK) Price Target to $135.00

Duke Energy (NYSE:DUKGet Free Report) had its price objective boosted by equities research analysts at Wells Fargo & Company from $115.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 2.65% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Mizuho set a $130.00 price target on shares of Duke Energy in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a report on Monday, December 29th. Royal Bank Of Canada cut their target price on shares of Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, January 23rd. The Goldman Sachs Group increased their price target on Duke Energy from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, BTIG Research reaffirmed a “buy” rating and set a $141.00 price target on shares of Duke Energy in a report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.00.

Read Our Latest Research Report on DUK

Duke Energy Price Performance

DUK stock traded up $0.08 during trading on Wednesday, hitting $131.51. The company had a trading volume of 707,360 shares, compared to its average volume of 4,314,352. The company has a fifty day moving average price of $121.70 and a two-hundred day moving average price of $122.17. Duke Energy has a fifty-two week low of $111.22 and a fifty-two week high of $132.30. The company has a market cap of $102.27 billion, a P/E ratio of 20.81, a P/E/G ratio of 2.86 and a beta of 0.50. The company has a current ratio of 0.55, a quick ratio of 0.33 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings data on Monday, February 9th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.57 billion. During the same period last year, the business earned $1.66 earnings per share. Equities research analysts expect that Duke Energy will post 6.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Duke Energy

In related news, CEO Louis E. Renjel sold 6,800 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $127.67, for a total value of $868,156.00. Following the transaction, the chief executive officer owned 22,007 shares in the company, valued at $2,809,633.69. This trade represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Regis T. Repko sold 962 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total value of $123,001.32. Following the sale, the senior vice president directly owned 3,896 shares of the company’s stock, valued at $498,142.56. This represents a 19.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duke Energy

Several institutional investors have recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after buying an additional 700 shares during the period. Empowered Funds LLC raised its position in shares of Duke Energy by 19.6% during the 1st quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock valued at $2,825,000 after acquiring an additional 3,797 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Duke Energy by 1.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock valued at $3,686,000 after purchasing an additional 315 shares during the period. Magnolia Capital Advisors LLC lifted its stake in shares of Duke Energy by 22.0% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 3,071 shares of the utilities provider’s stock valued at $362,000 after purchasing an additional 554 shares during the period. Finally, Elyxium Wealth LLC bought a new position in shares of Duke Energy in the 2nd quarter worth $269,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy News Summary

Here are the key news stories impacting Duke Energy this week:

Duke Energy Company Profile

(Get Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

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Analyst Recommendations for Duke Energy (NYSE:DUK)

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