Duke Energy Corp (NYSE:DUK) has earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $84.44.

DUK has been the topic of several analyst reports. Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Morgan Stanley lifted their price objective on Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Bank of America lifted their price objective on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday, March 11th. Finally, ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

NYSE DUK traded up $0.70 during trading hours on Monday, reaching $90.38. 446,965 shares of the stock traded hands, compared to its average volume of 3,401,586. Duke Energy has a 1 year low of $71.96 and a 1 year high of $91.67. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $65.06 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 3.61 and a beta of 0.06.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.05). The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Duke Energy had a return on equity of 7.80% and a net margin of 10.87%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. On average, equities analysts expect that Duke Energy will post 4.94 earnings per share for the current fiscal year.

In related news, COO Dhiaa M. Jamil sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total value of $67,312.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $89.92, for a total value of $1,348,800.00. The disclosure for this sale can be found here. Insiders sold 21,250 shares of company stock worth $1,900,878 over the last three months. 0.09% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HC Financial Advisors Inc. boosted its position in Duke Energy by 445.9% during the 3rd quarter. HC Financial Advisors Inc. now owns 20,099 shares of the utilities provider’s stock valued at $1,608,000 after acquiring an additional 16,417 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Duke Energy by 12.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,465,312 shares of the utilities provider’s stock valued at $517,355,000 after acquiring an additional 706,008 shares in the last quarter. Standard Life Aberdeen plc boosted its position in Duke Energy by 5.1% during the 3rd quarter. Standard Life Aberdeen plc now owns 407,028 shares of the utilities provider’s stock valued at $32,573,000 after acquiring an additional 19,927 shares in the last quarter. Man Group plc boosted its position in Duke Energy by 53.7% during the 3rd quarter. Man Group plc now owns 152,377 shares of the utilities provider’s stock valued at $12,193,000 after acquiring an additional 53,210 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Duke Energy by 207.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 109,460 shares of the utilities provider’s stock valued at $8,759,000 after acquiring an additional 73,915 shares in the last quarter. 60.74% of the stock is currently owned by institutional investors.

About Duke Energy

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Analyst Recommendations for Duke Energy (NYSE:DUK)

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