BMO Capital Markets Trims Duke Energy (NYSE:DUK) Target Price to $99.00

Duke Energy (NYSE:DUK) had its price objective decreased by equities research analysts at BMO Capital Markets from $101.00 to $99.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 4.76% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. KeyCorp upped their target price on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Barclays increased their target price on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday. Mizuho boosted their price target on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Finally, Bank of America increased their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.17.

Duke Energy Trading Up 1.8 %

DUK stock opened at $94.50 on Tuesday. Duke Energy has a 12 month low of $83.06 and a 12 month high of $100.39. The firm’s 50-day moving average is $94.00 and its 200 day moving average is $93.22. The company has a market capitalization of $72.90 billion, a PE ratio of 26.62, a P/E/G ratio of 2.50 and a beta of 0.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $1.11 earnings per share. On average, research analysts anticipate that Duke Energy will post 5.99 EPS for the current year.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Duke Energy

Several hedge funds have recently modified their holdings of the stock. Sugarloaf Wealth Management LLC grew its position in Duke Energy by 13.9% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 344 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in shares of Duke Energy by 28.6% during the third quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock worth $355,000 after buying an additional 894 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in shares of Duke Energy by 4.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after buying an additional 1,122 shares during the last quarter. Wagner Wealth Management LLC increased its position in shares of Duke Energy by 3.4% in the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after acquiring an additional 576 shares during the period. Finally, Adviser Investments LLC purchased a new position in Duke Energy in the 3rd quarter worth $304,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Company Profile

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.