Duke Energy (NYSE:DUK) PT raised to $114.00

Duke Energy (NYSE:DUK – Get a Free Report) their target price was boosted by Morgan Stanley from $99.00 to $114.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price suggests a potential upside of 1.51% from the company’s current price.

Other equities research analysts have also issued reports on the stock. Evercore ISI raised their target price on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Scotiabank raised their target price on shares of Duke Energy from $94.00 to $104.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Barclays raised their target price on shares of Duke Energy from $99.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company boosted their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, BMO Capital Markets upped their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. . Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $110.15, based on data from MarketBeat.com.

Read our latest research report on DUK

Duke Energy trades down 0.7%

Shares of NYSE:DUK opened at $112.30 on Thursday. Duke Energy has a 12-month low of $83.06 and a 12-month high of $116.67. The company has a quick ratio of 0.50, a current ratio of 0.78, and a debt-to-equity ratio of 1.54. The company’s fifty-day simple moving average is $105.63, and its 200-day simple moving average is $100.02. The firm has a market cap of $86.67 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 3.09 and a beta of 0.45.

Duke Energy (NYSE:DUK – Get Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The firm had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same period in the prior year, the business earned $0.91 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. As a group, research analysts forecast that Duke Energy will post 5.97 EPS for the current fiscal year.

Insider buying and selling

In related news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this link. 0.10% of shares are currently owned by insiders.

Institutional trading of Duke Energy

Institutional investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new stake in Duke Energy in the first quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in shares of Duke Energy in the 4th quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new position in shares of Duke Energy in the 4th quarter valued at approximately $26,000. Fortitude Family Office LLC raised its position in shares of Duke Energy by 69.6% in the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 119 shares during the last quarter. Finally, Olistico Wealth LLC purchased a new position in shares of Duke Energy in the second quarter valued at about $30,000. Institutional investors own 65.31% of the company’s shares.

About Duke Energy

(Get a free report)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes and sells electricity in the Carolinas, Florida and the Midwest.

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