Duke Energy (NYSE:DUK) Price Target Raised to $100.00 at Barclays

Duke Energy (NYSE:DUK - Free Report) had its target price raised by Barclays from $99.00 to $100.00 in a research report sent to investors on Monday, Benzinga reports. Barclays currently has an overweight rating on the utilities provider's stock.

DUK has been the subject of a number of other research reports. BMO Capital Markets decreased their price objective on shares of Duke Energy from $101.00 to $100.00 and set an outperform rating for the company in a research note on Monday, February 12th. Evercore ISI raised shares of Duke Energy from an in-line rating to an outperform rating and lifted their target price for the company from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Bank of America lifted their target price on shares of Duke Energy from $96.00 to $100.00 and gave the company a neutral rating in a research note on Thursday. Mizuho lifted their target price on shares of Duke Energy from $89.00 to $99.00 and gave the company a neutral rating in a research note on Friday, April 5th. Finally, KeyCorp lifted their target price on shares of Duke Energy from $106.00 to $107.00 and gave the company an overweight rating in a research note on Thursday, January 4th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $101.25.

Duke Energy Price Performance

NYSE:DUK traded down $0.77 during trading hours on Monday, reaching $94.13. 2,565,869 shares of the company's stock were exchanged, compared to its average volume of 3,029,791. The company has a market capitalization of $72.62 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 2.52 and a beta of 0.46. Duke Energy has a 12 month low of $83.06 and a 12 month high of $100.39. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. The business's 50-day simple moving average is $94.09 and its two-hundred day simple moving average is $93.14.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same period in the prior year, the business posted $1.11 EPS. The company's revenue for the quarter was down 1.9% on a year-over-year basis. Sell-side analysts expect that Duke Energy will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the transaction, the executive vice president now owns 14,213 shares in the company, valued at approximately $1,315,697.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DUK. Moneta Group Investment Advisors LLC increased its holdings in shares of Duke Energy by 100,433.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,846,616 shares of the utilities provider's stock worth $808,123,000 after purchasing an additional 7,838,811 shares during the period. Barclays PLC boosted its position in shares of Duke Energy by 106.1% during the 4th quarter. Barclays PLC now owns 3,006,373 shares of the utilities provider's stock valued at $291,739,000 after acquiring an additional 1,547,868 shares in the last quarter. Imprint Wealth LLC boosted its position in shares of Duke Energy by 8,722.3% during the 2nd quarter. Imprint Wealth LLC now owns 1,127,837 shares of the utilities provider's stock valued at $112,784,000 after acquiring an additional 1,115,053 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Duke Energy by 15.4% during the 4th quarter. Legal & General Group Plc now owns 8,030,239 shares of the utilities provider's stock valued at $779,256,000 after acquiring an additional 1,071,075 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Duke Energy by 11.5% during the 4th quarter. Morgan Stanley now owns 10,018,171 shares of the utilities provider's stock valued at $1,031,772,000 after acquiring an additional 1,037,012 shares in the last quarter. 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.