Bank of America Raises Duke Energy (DUK) Price Target to $81.00

Duke Energy (NYSE:DUK) had its price objective boosted by Bank of America from $79.00 to $81.00 in a research note released on Wednesday morning. The brokerage currently has a neutral rating on the utilities provider’s stock.

A number of other brokerages have also recently weighed in on DUK. Morgan Stanley restated an equal weight rating and set a $83.00 price objective (down from $85.00) on shares of Duke Energy in a research note on Thursday, March 8th. Deutsche Bank upgraded Duke Energy from a hold rating to a buy rating and upped their price objective for the stock from $77.22 to $86.00 in a research note on Monday, February 26th. ValuEngine cut Duke Energy from a buy rating to a hold rating in a research note on Tuesday, December 19th. Royal Bank of Canada restated a buy rating and set a $90.00 price objective on shares of Duke Energy in a research note on Wednesday, March 14th. Finally, Goldman Sachs cut Duke Energy from a buy rating to a neutral rating and upped their price objective for the stock from $80.11 to $88.00 in a research note on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $84.40.

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DUK opened at $77.68 on Wednesday. Duke Energy has a 12-month low of $72.93 and a 12-month high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.42 and a current ratio of 0.68. The firm has a market cap of $54,383.23, a PE ratio of 16.96, a PEG ratio of 4.20 and a beta of 0.11.



Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. equities analysts expect that Duke Energy will post 4.71 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in DUK. Truewealth LLC purchased a new stake in Duke Energy in the fourth quarter valued at about $102,000. Shamrock Asset Management LLC purchased a new stake in Duke Energy in the fourth quarter valued at about $115,000. Global Trust Asset Management LLC purchased a new stake in Duke Energy in the fourth quarter valued at about $115,000. Wealthcare Advisory Partners LLC purchased a new stake in Duke Energy in the third quarter valued at about $131,000. Finally, Acropolis Investment Management LLC purchased a new stake in Duke Energy in the fourth quarter valued at about $131,000. Institutional investors own 56.98% of the company’s stock.

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About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Analyst Recommendations for Duke Energy (NYSE:DUK)

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