Duke Energy (DUK) Downgraded by ValuEngine

Duke Energy (NYSE:DUK) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday, December 19th.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Bank of America reiterated a “neutral” rating and issued a $92.00 price objective on shares of Duke Energy in a research report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of Duke Energy in a research report on Friday, September 1st. Citigroup lifted their price objective on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. Finally, Morgan Stanley lifted their price objective on shares of Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $87.48.

Shares of Duke Energy (NYSE DUK) traded down $0.38 during trading on Tuesday, hitting $78.90. 3,211,130 shares of the stock were exchanged, compared to its average volume of 2,582,735. Duke Energy has a fifty-two week low of $76.28 and a fifty-two week high of $91.80. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The firm has a market cap of $55,494.06, a PE ratio of 26.04, a price-to-earnings-growth ratio of 4.10 and a beta of 0.26.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period last year, the firm posted $1.68 EPS. Duke Energy’s quarterly revenue was down 1.4% on a year-over-year basis. equities analysts expect that Duke Energy will post 4.56 EPS for the current year.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Hexavest Inc. boosted its position in shares of Duke Energy by 1.9% in the 4th quarter. Hexavest Inc. now owns 923,066 shares of the utilities provider’s stock worth $77,639,000 after buying an additional 17,045 shares in the last quarter. Bristol Advisors LLC purchased a new stake in shares of Duke Energy in the 4th quarter worth about $311,000. Daiwa SB Investments Ltd. boosted its position in shares of Duke Energy by 41.9% in the 4th quarter. Daiwa SB Investments Ltd. now owns 2,200 shares of the utilities provider’s stock worth $185,000 after buying an additional 650 shares in the last quarter. Acropolis Investment Management LLC purchased a new stake in shares of Duke Energy in the 4th quarter worth about $131,000. Finally, North Star Investment Management Corp. boosted its position in shares of Duke Energy by 277.9% in the 4th quarter. North Star Investment Management Corp. now owns 5,793 shares of the utilities provider’s stock worth $487,000 after buying an additional 4,260 shares in the last quarter. Institutional investors and hedge funds own 57.23% of the company’s stock.

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About Duke Energy

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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