Duke Energy (NYSE:DUK) PT Raised to $115.00 at Evercore ISI

Duke Energy (NYSE:DUK) had its price objective raised by investment analysts at Evercore ISI from $108.00 to $115.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the utilities provider’s stock. Evercore ISI’s price objective suggests a potential upside of 1.10% from the company’s current price.

DUK has been the topic of several other reports. KeyCorp boosted their target price on shares of Duke Energy from $112.00 to $114.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. BMO Capital Markets cut their target price on shares of Duke Energy from $110.00 to $109.00 and set an “outperform” rating for the company in a research note on Thursday, July 11th. Scotiabank cut their target price on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Bank of America boosted 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, April 11th. Finally, Barclays upped their price objective on shares of Duke Energy from $99.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Duke Energy Price Performance

NYSE:DUK traded up $0.83 during trading hours on Wednesday, hitting $113.75. 162,869 shares of the stock were exchanged, compared to its average volume of 2,930,079. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 1.54. The firm’s fifty day moving average price is $103.98 and its 200 day moving average price is $99.09. The company has a market cap of $87.79 billion, a P/E ratio of 28.48, a P/E/G ratio of 3.09 and a beta of 0.45. Duke Energy has a 52-week low of $83.06 and a 52-week high of $116.67.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.91 EPS. As a group, equities research analysts anticipate that Duke Energy will post 5.97 EPS for the current fiscal year.

Insider Transactions at Duke Energy

In other news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the sale, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the transaction, the executive vice president now directly owns 68,657 shares in the company, valued at $7,057,253.03. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock valued at $2,750,815 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Duke Energy

Several institutional investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new position in Duke Energy in the 1st quarter valued at $25,000. Altshuler Shaham Ltd bought a new stake in Duke Energy during the fourth quarter worth about $26,000. Private Wealth Management Group LLC bought a new stake in Duke Energy in the fourth quarter valued at approximately $26,000. Fortitude Family Office LLC increased its stake in shares of Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 119 shares during the period. Finally, Olistico Wealth LLC bought a new position in Duke Energy during the 2nd quarter worth $30,000. Institutional investors and hedge funds 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.