Duke Energy (NYSE:DUK) Price Target Cut to $122.00 by Analysts at Barclays

Duke Energy (NYSE:DUK - Get Free Report) had its price objective reduced by Barclays from $123.00 to $122.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the utilities provider's stock. Barclays's target price points to a potential upside of 3.75% from the company's previous close.

Several other analysts have also recently weighed in on DUK. BMO Capital Markets reduced their price target on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group raised shares of Duke Energy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $125.00 to $132.00 in a report on Wednesday, June 25th. Wells Fargo & Company raised their price target on shares of Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Morgan Stanley reduced their price objective on shares of Duke Energy from $125.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Finally, Guggenheim increased their price objective on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Duke Energy has a consensus rating of "Moderate Buy" and a consensus target price of $126.88.

Duke Energy Price Performance

DUK stock traded up $0.53 during trading on Tuesday, reaching $117.59. 1,953,866 shares of the company were exchanged, compared to its average volume of 3,485,630. The company has a market capitalization of $91.39 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.92 and a beta of 0.37. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.50. The company has a 50-day moving average of $117.32 and a two-hundred day moving average of $115.23. Duke Energy has a twelve month low of $99.55 and a twelve month high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same period in the prior year, the business earned $1.44 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities analysts predict that Duke Energy will post 6.33 earnings per share for the current fiscal year.

Institutional Trading of Duke Energy

Several hedge funds have recently modified their holdings of DUK. Activest Wealth Management grew its holdings in Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock worth $26,000 after purchasing an additional 105 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in shares of Duke Energy in the 4th quarter valued at about $27,000. Wayfinding Financial LLC bought a new stake in Duke Energy in the 1st quarter valued at about $27,000. N.E.W. Advisory Services LLC acquired a new position in Duke Energy during the 1st quarter worth approximately $27,000. Finally, Parkworth Wealth Management Inc. acquired a new stake in Duke Energy in the fourth quarter valued at approximately $28,000. Institutional investors own 65.31% of the company's stock.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.