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

Duke Energy (NYSE:DUK) had its price objective boosted by Barclays from $99.00 to $100.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target points to a potential upside of 5.37% from the company’s current price.

DUK has been the topic of several other research reports. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $101.00 to $113.00 in a report on Wednesday, January 10th. KeyCorp lifted their price objective on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. BMO Capital Markets lowered their target price 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. Finally, Bank of America boosted their target price on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.25.

Duke Energy Price Performance

DUK opened at $94.90 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. The stock has a market capitalization of $73.21 billion, a P/E ratio of 26.73, a P/E/G ratio of 2.52 and a beta of 0.46. The company’s 50-day simple moving average is $94.09 and its two-hundred day simple moving average is $93.14. Duke Energy has a 52-week low of $83.06 and a 52-week high of $100.39.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter last year, the company earned $1.11 EPS. Duke Energy’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts predict that Duke Energy will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new position in Duke Energy in the 1st quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in Duke Energy in the 4th quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new stake in Duke Energy in the 4th quarter valued at about $26,000. O Dell Group LLC acquired a new position in Duke Energy during the fourth quarter worth approximately $27,000. Finally, CKW Financial Group acquired a new position in Duke Energy during the third quarter worth approximately $25,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Company Profile

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.