Duke Energy (NYSE:DUK) Given New $94.00 Price Target at Scotiabank

Duke Energy (NYSE:DUK) had its price objective decreased by Scotiabank from $101.00 to $94.00 in a research report report published on Monday, Benzinga reports. Scotiabank currently has a sector perform rating on the utilities provider’s stock.

Other equities research analysts also recently issued research reports about the company. Evercore ISI raised Duke Energy from an in-line rating to an outperform rating and raised their price target for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. KeyCorp raised their price target on Duke Energy from $106.00 to $107.00 and gave the company an overweight rating in a report on Thursday, January 4th. Royal Bank of Canada raised Duke Energy from a sector perform rating to an outperform rating and raised their price target for the company from $101.00 to $113.00 in a report on Wednesday, January 10th. Barclays lifted their target price on Duke Energy from $99.00 to $100.00 and gave the stock an overweight rating in a report on Monday, April 15th. Finally, Mizuho lifted their target price on Duke Energy from $89.00 to $99.00 and gave the stock a neutral rating in a report on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Duke Energy currently has an average rating of Hold and an average price target of $100.62.

Duke Energy Price Performance

NYSE:DUK opened at $99.03 on Monday. Duke Energy has a 1-year low of $83.06 and a 1-year high of $100.13. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The firm has a fifty day simple moving average of $94.73 and a 200 day simple moving average of $93.67. The stock has a market capitalization of $76.40 billion, a PE ratio of 27.90, a P/E/G ratio of 2.61 and a beta of 0.46.

Duke Energy (NYSE:DUK) last released its earnings results 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 net margin of 9.78% and a return on equity of 8.93%. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the prior year, the business posted $1.11 earnings per share. Duke Energy’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, research analysts expect that Duke Energy will post 5.99 EPS for the current fiscal year.

Insider Activity at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the transaction, the executive vice president now owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DUK. International Assets Investment Management LLC grew its position in Duke Energy by 20.7% in the third quarter. International Assets Investment Management LLC now owns 10,571 shares of the utilities provider’s stock valued at $949,000 after acquiring an additional 1,811 shares during the last quarter. Ritholtz Wealth Management grew its position in Duke Energy by 8.1% in the third quarter. Ritholtz Wealth Management now owns 4,343 shares of the utilities provider’s stock valued at $383,000 after acquiring an additional 325 shares during the last quarter. Ziegler Capital Management LLC grew its position in Duke Energy by 1.2% in the third quarter. Ziegler Capital Management LLC now owns 18,346 shares of the utilities provider’s stock valued at $1,619,000 after acquiring an additional 216 shares during the last quarter. Capital Investment Advisors LLC grew its position in Duke Energy by 2.6% in the third quarter. Capital Investment Advisors LLC now owns 61,393 shares of the utilities provider’s stock valued at $5,419,000 after acquiring an additional 1,542 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC bought a new position in Duke Energy in the third quarter valued at about $361,000. Institutional investors 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.