SunTrust Banks Analysts Give Duke Energy (DUK) a $80.00 Price Target

Duke Energy (NYSE:DUK) has been given a $80.00 price objective by research analysts at SunTrust Banks in a report issued on Monday. The brokerage presently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ target price indicates a potential upside of 5.37% from the company’s current price.

Several other equities research analysts have also issued reports on the company. Royal Bank of Canada reissued a “buy” rating and set a $90.00 price objective on shares of Duke Energy in a research note on Wednesday, March 14th. Morgan Stanley restated an “equal weight” rating and set a $83.00 price target (down previously from $85.00) on shares of Duke Energy in a research report on Thursday, March 8th. Deutsche Bank upgraded Duke Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $77.22 to $86.00 in a research report on Monday, February 26th. Guggenheim restated a “buy” rating and set a $82.00 price target on shares of Duke Energy in a research report on Friday, February 23rd. Finally, Wells Fargo restated a “market perform” rating and set a $82.00 price target (down previously from $92.00) on shares of Duke Energy in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. Duke Energy presently has a consensus rating of “Hold” and an average price target of $86.40.

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Duke Energy (DUK) traded up $0.75 during trading hours on Monday, reaching $75.92. The company had a trading volume of 2,801,529 shares, compared to its average volume of 4,269,171. The company has a market capitalization of $52,625.96, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 4.33 and a beta of 0.15. Duke Energy has a 12 month low of $72.93 and a 12 month high of $91.80. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.03. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $6.09 billion. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. equities analysts predict that Duke Energy will post 4.7 earnings per share for the current year.

In other Duke Energy news, COO Dhiaa M. Jamil sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $89.08, for a total transaction of $44,540.00. Following the sale, the chief operating officer now owns 34,115 shares in the company, valued at $3,038,964.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truewealth LLC purchased a new position in shares of Duke Energy in the fourth quarter worth about $102,000. Nelson Roberts Investment Advisors LLC purchased a new position in shares of Duke Energy in the third quarter worth about $112,000. Shamrock Asset Management LLC purchased a new position in shares of Duke Energy in the fourth quarter worth about $115,000. Global Trust Asset Management LLC purchased a new position in shares of Duke Energy in the fourth quarter worth about $115,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Duke Energy in the third quarter worth about $131,000. Hedge funds and other institutional investors own 57.03% of the company’s stock.

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Duke Energy Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

Analyst Recommendations for Duke Energy (NYSE:DUK)

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