Duke Energy (NYSE:DUK) had its price target decreased by equities researchers at Barclays from $104.00 to $79.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s target price would indicate a potential downside of 2.08% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Goldman Sachs Group raised shares of Duke Energy from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $88.00 to $93.00 in a research note on Wednesday, November 27th. Credit Suisse Group raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $96.00 to $108.00 in a research note on Tuesday, February 18th. Evercore ISI reissued a “hold” rating and issued a $92.00 price objective on shares of Duke Energy in a research note on Wednesday, December 4th. Citigroup reduced their price objective on shares of Duke Energy from $94.00 to $93.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Finally, UBS Group reduced their price objective on shares of Duke Energy from $116.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, March 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $97.54.

NYSE:DUK traded up $5.97 during trading hours on Thursday, reaching $80.68. The company’s stock had a trading volume of 249,258 shares, compared to its average volume of 6,156,465. The company has a market capitalization of $52.43 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 2.94 and a beta of 0.20. Duke Energy has a 12 month low of $62.13 and a 12 month high of $103.79. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.40 and a current ratio of 0.62. The stock has a 50 day moving average price of $92.52 and a two-hundred day moving average price of $92.60.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.54 billion. Duke Energy had a net margin of 14.89% and a return on equity of 8.31%. Duke Energy’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. As a group, analysts predict that Duke Energy will post 5.2 EPS for the current fiscal year.

In other Duke Energy news, CEO Lynn J. Good sold 16,400 shares of Duke Energy stock in a transaction on Friday, February 28th. The shares were sold at an average price of $91.86, for a total value of $1,506,504.00. Following the transaction, the chief executive officer now directly owns 302,325 shares of the company’s stock, valued at $27,771,574.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in DUK. Savior LLC purchased a new stake in shares of Duke Energy during the fourth quarter valued at $27,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Duke Energy during the fourth quarter valued at $27,000. Mine & Arao Wealth Creation & Management LLC. purchased a new stake in shares of Duke Energy during the fourth quarter valued at $27,000. Solstein Capital LLC purchased a new stake in shares of Duke Energy during the fourth quarter valued at $27,000. Finally, Peddock Capital Advisors LLC purchased a new stake in shares of Duke Energy during the fourth quarter valued at $30,000. 63.74% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Company Profile

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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