Duke Energy Corporation (DUK) Rating Increased to Buy at ValuEngine

Duke Energy Corporation (NYSE:DUK) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Friday, July 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 price objective on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. BidaskClub upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Morgan Stanley lifted their price objective on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Finally, KeyCorp reiterated a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $86.90.

Shares of Duke Energy Corporation (NYSE DUK) opened at $91.09 on Wednesday. Duke Energy Corporation has a one year low of $72.34 and a one year high of $91.14. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The company has a market cap of $63,760.00, a price-to-earnings ratio of 19.98, a PEG ratio of 4.86 and a beta of 0.26.

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

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In other Duke Energy Corporation news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy Corporation stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new position in Duke Energy Corporation in the third quarter valued at $1,813,000. Cedar Hill Associates LLC purchased a new position in Duke Energy Corporation in the third quarter valued at $363,000. Beacon Investment Advisory Services Inc. purchased a new position in Duke Energy Corporation in the third quarter valued at $795,000. Patten Group Inc. increased its holdings in Duke Energy Corporation by 459.9% in the third quarter. Patten Group Inc. now owns 20,370 shares of the utilities provider’s stock valued at $310,000 after buying an additional 16,732 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. increased its holdings in Duke Energy Corporation by 22.4% in the third quarter. Bank of Nova Scotia Trust Co. now owns 4,608 shares of the utilities provider’s stock valued at $386,000 after buying an additional 842 shares in the last quarter. 56.29% of the stock is owned by institutional investors.

Duke Energy Corporation 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 Corporation (NYSE:DUK)

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