Barclays Lowers Duke Energy (NYSE:DUK) Price Target to $94.00

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Duke Energy (NYSE:DUK) had its target price reduced by research analysts at Barclays from $96.00 to $94.00 in a report released on Tuesday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s target price suggests a potential upside of 7.24% from the stock’s previous close.

A number of other brokerages have also recently issued reports on DUK. Bank of America raised their price objective on shares of Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, March 11th. ValuEngine cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Zacks Investment Research cut shares of Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. set a $90.00 price objective on shares of Duke Energy and gave the company a “hold” rating in a research note on Monday, May 20th. Finally, Morgan Stanley raised their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, June 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $88.60.

Shares of DUK stock opened at $87.65 on Tuesday. Duke Energy has a 52-week low of $75.77 and a 52-week high of $91.67. The company has a market capitalization of $64.03 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 3.70 and a beta of 0.13. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.39 billion. During the same period last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts anticipate that Duke Energy will post 4.91 earnings per share for the current year.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,117 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total value of $451,319.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director E Marie Mckee sold 1,781 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $87.37, for a total transaction of $155,605.97. Following the completion of the sale, the director now owns 1 shares in the company, valued at $87.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,598 shares of company stock worth $752,989. Company insiders own 0.09% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of DUK. Canton Hathaway LLC bought a new position in shares of Duke Energy during the 1st quarter valued at approximately $25,000. Harvest Group Wealth Management LLC purchased a new stake in shares of Duke Energy during the 1st quarter worth approximately $26,000. Thor Advisors LLC purchased a new stake in shares of Duke Energy during the 1st quarter worth approximately $30,000. Proficio Capital Partners LLC raised its holdings in shares of Duke Energy by 59.0% during the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 164 shares in the last quarter. Finally, Riverview Trust Co purchased a new stake in shares of Duke Energy during the 1st quarter worth approximately $39,000. Institutional investors own 60.16% of the company’s stock.

About Duke Energy

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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