Barclays Issues Pessimistic Forecast for Duke Energy (NYSE:DUK) Stock Price

Duke Energy (NYSE:DUKGet Free Report) had its target price reduced by Barclays from $123.00 to $122.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target points to a potential upside of 2.65% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company increased their target price on shares of Duke Energy from $127.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Guggenheim increased their price objective on Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. UBS Group reissued a “neutral” rating and set a $127.00 target price (up from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley lowered their price objective on Duke Energy from $125.00 to $124.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $126.88.

View Our Latest Analysis on DUK

Duke Energy Trading Up 0.7%

NYSE:DUK traded up $0.85 during trading hours on Tuesday, hitting $118.85. The company had a trading volume of 1,762,319 shares, compared to its average volume of 3,466,041. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57. The company has a 50-day moving average of $117.48 and a 200 day moving average of $115.19. Duke Energy has a 1 year low of $99.21 and a 1 year high of $125.27. The company has a market cap of $92.38 billion, a P/E ratio of 19.71, a P/E/G ratio of 2.92 and a beta of 0.37.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.17. The firm had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $1.44 EPS. Sell-side analysts expect that Duke Energy will post 6.33 earnings per share for the current year.

Institutional Trading of Duke Energy

A number of large investors have recently bought and sold shares of the business. Voya Investment Management LLC boosted its stake in shares of Duke Energy by 20.1% during the first quarter. Voya Investment Management LLC now owns 1,102,810 shares of the utilities provider’s stock worth $134,510,000 after buying an additional 184,891 shares during the period. 1248 Management LLC purchased a new position in shares of Duke Energy in the 1st quarter valued at approximately $72,000. Blue Oak Capital LLC acquired a new position in shares of Duke Energy in the first quarter valued at approximately $206,000. Harold Davidson & Associates Inc. raised its stake in shares of Duke Energy by 17.3% during the first quarter. Harold Davidson & Associates Inc. now owns 3,531 shares of the utilities provider’s stock worth $431,000 after purchasing an additional 520 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Duke Energy by 32.5% during the first quarter. Jones Financial Companies Lllp now owns 677,924 shares of the utilities provider’s stock worth $81,174,000 after purchasing an additional 166,403 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Duke Energy (NYSE:DUK)

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