SunTrust Banks set a $82.00 target price on Duke Energy (NYSE:DUK) in a report issued on Wednesday, January 3rd. The brokerage currently has a hold rating on the utilities provider’s stock.

DUK has been the topic of a number of other research reports. Guggenheim restated a buy rating and set a $96.00 price target on shares of Duke Energy in a research note on Wednesday, January 3rd. Zacks Investment Research lowered shares of Duke Energy from a buy rating to a hold rating in a research note on Tuesday, September 12th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $83.00 to $89.00 and gave the company a neutral rating in a research note on Thursday, October 12th. Morgan Stanley increased their price objective on shares of Duke Energy from $89.00 to $92.00 and gave the stock an equal weight rating in a research note on Friday, September 8th. Finally, Royal Bank of Canada reiterated a buy rating and issued a $87.00 price objective on shares of Duke Energy in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $87.41.

Shares of Duke Energy (NYSE DUK) traded up $0.34 on Wednesday, hitting $77.63. 1,552,382 shares of the stock traded hands, compared to its average volume of 3,670,898. Duke Energy has a 52-week low of $76.28 and a 52-week high of $91.80. The stock has a market cap of $54,100.00, a PE ratio of 20.37, a PEG ratio of 4.09 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the prior year, the company earned $1.68 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. equities analysts expect that Duke Energy will post 4.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s payout ratio is 93.44%.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.07% of the company’s stock.

Several large investors have recently bought and sold shares of DUK. Pinebridge Investments L.P. purchased a new position in Duke Energy in the second quarter worth approximately $500,000. Trust Co. of Virginia VA lifted its position in shares of Duke Energy by 11.5% during the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock worth $1,129,000 after buying an additional 1,392 shares during the last quarter. BB&T Investment Services Inc. lifted its position in shares of Duke Energy by 12.8% during the 3rd quarter. BB&T Investment Services Inc. now owns 16,991 shares of the utilities provider’s stock worth $1,424,000 after buying an additional 1,923 shares during the last quarter. IBM Retirement Fund lifted its position in shares of Duke Energy by 122.4% during the 2nd quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock worth $1,601,000 after buying an additional 9,432 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Duke Energy by 26.4% during the 3rd quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock worth $12,790,000 after buying an additional 31,789 shares during the last quarter. 57.26% of the stock is currently owned by hedge funds and other institutional investors.

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About Duke Energy

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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