Evercore ISI started coverage on shares of Duke Energy (NYSE:DUK - Get Free Report) in a research note issued on Monday, MarketBeat.com reports. The brokerage set an "outperform" rating on the utilities provider's stock.
A number of other equities analysts also recently commented on DUK. Weiss Ratings restated a "buy (b-)" rating on shares of Duke Energy in a report on Saturday, September 27th. Raymond James Financial assumed coverage on Duke Energy in a report on Friday, June 13th. They set a "market perform" rating on the stock. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. JPMorgan Chase & Co. increased their price target on Duke Energy from $127.00 to $131.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Finally, Barclays increased their price target on Duke Energy from $122.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Duke Energy presently has an average rating of "Moderate Buy" and a consensus price target of $133.08.
View Our Latest Stock Analysis on DUK
Duke Energy Price Performance
Shares of DUK opened at $125.49 on Monday. The company has a market capitalization of $97.59 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 3.00 and a beta of 0.44. Duke Energy has a fifty-two week low of $105.20 and a fifty-two week high of $127.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The business's 50-day moving average is $122.83 and its 200-day moving average is $119.69.
Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the company earned $1.18 EPS. Duke Energy's revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts expect that Duke Energy will post 6.33 EPS for the current fiscal year.
Insider Buying and Selling at Duke Energy
In related news, SVP Bonnie B. Titone sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares of the company's stock, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president directly owned 46,422 shares of the company's stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Activest Wealth Management lifted its holdings in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 105 shares during the period. Wayfinding Financial LLC bought a new position in shares of Duke Energy during the first quarter valued at $27,000. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy during the first quarter valued at $27,000. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy during the second quarter valued at $28,000. Finally, Mascoma Wealth Management LLC lifted its holdings in shares of Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 87 shares during the period. 65.31% of the stock is owned by institutional investors.
About Duke Energy
(
Get Free Report)
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.
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