Duke Energy (NYSE:DUK) Price Target Raised to $125.00 at KeyCorp

by · The Cerbat Gem

Duke Energy (NYSE:DUK – Free Report) had its price objective boosted by KeyCorp from $121.00 to $125.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

DUK has been the subject of a number of other research reports. Jefferies Financial Group began coverage on shares of Duke Energy in a research note on Thursday, September 19th. They set a buy rating and a $138.00 target price for the company. BMO Capital Markets upped their price objective on Duke Energy from $120.00 to $126.00 and gave the stock an outperform rating in a research report on Wednesday, September 18th. Bank of America raised their target price on Duke Energy from $116.00 to $118.00 and gave the stock a neutral rating in a research report on Thursday, August 29th. Wells Fargo & Company upped their price target on Duke Energy from $110.00 to $122.00 and gave the company an overweight rating in a report on Wednesday, August 7th. Finally, Morgan Stanley raised their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the stock an equal weight rating in a report on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $118.21.

Read Our Latest Report on Duke Energy

Duke Energy Trading Up 0.4 %

DUK opened at $116.66 on Monday. The business has a fifty day moving average price of $113.99 and a 200 day moving average price of $105.08. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. Duke Energy has a 12 month low of $83.06 and a 12 month high of $118.31. The stock has a market capitalization of $90.03 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 3.22 and a beta of 0.46.

Duke Energy (NYSE:DUK – Get Free Report) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. 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 firm earned $0.91 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts expect that Duke Energy will post 5.97 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 16th were given a dividend of $1.045 per share. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Friday, August 16th. Duke Energy’s dividend payout ratio (DPR) is presently 105.03%.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares in the company, valued at approximately $2,259,617.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Duke Energy

Several institutional investors have recently bought and sold shares of DUK. Mackenzie Financial Corp boosted its holdings in shares of Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares in the last quarter. Wulff Hansen & CO. boosted its holdings in Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after purchasing an additional 761,590 shares in the last quarter. Capital Research Global Investors increased its position in Duke Energy by 4.8% during the 4th quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock worth $1,081,125,000 after purchasing an additional 509,039 shares during the period. Morningstar Investment Services LLC raised its stake in shares of Duke Energy by 96.1% during the 4th quarter. Morningstar Investment Services LLC now owns 789,612 shares of the utilities provider’s stock worth $76,529,000 after buying an additional 387,038 shares in the last quarter. Finally, BROOKFIELD Corp ON acquired a new stake in shares of Duke Energy in the 1st quarter valued at approximately $36,278,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Company Profile

(Get 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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