Duke Energy Corporation (NYSE:DUK) Upgraded by BidaskClub to Hold

Duke Energy Corporation (NYSE:DUK) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Monday, July 24th.

Several other brokerages have also issued reports on DUK. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $82.00 to $85.00 in a report on Monday, June 26th. Zacks Investment Research raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Morgan Stanley reissued an “equal weight” rating and issued a $87.00 price target (down previously from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 10th. BMO Capital Markets restated a “hold” rating and issued a $81.00 target price on shares of Duke Energy Corporation in a research note on Friday, April 28th. Finally, Barclays PLC restated an “equal weight” rating and issued a $88.00 target price (up previously from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. Duke Energy Corporation presently has a consensus rating of “Hold” and an average price target of $82.71.

Duke Energy Corporation (NYSE:DUK) opened at 86.38 on Monday. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.75. The firm has a market capitalization of $60.46 billion, a price-to-earnings ratio of 25.59 and a beta of 0.24. The firm’s 50-day moving average is $84.90 and its 200 day moving average is $83.17.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The firm had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. Analysts forecast that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.

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In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares in the company, valued at approximately $4,338,245.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The disclosure for this sale can be found here. 0.07% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WFG Advisors LP increased its position in Duke Energy Corporation by 15.6% in the second quarter. WFG Advisors LP now owns 9,117 shares of the utilities provider’s stock worth $762,000 after buying an additional 1,231 shares during the last quarter. Toronto Dominion Bank increased its position in Duke Energy Corporation by 22.4% in the second quarter. Toronto Dominion Bank now owns 264,630 shares of the utilities provider’s stock worth $22,119,000 after buying an additional 48,342 shares during the last quarter. Archford Capital Strategies LLC increased its position in Duke Energy Corporation by 197.1% in the second quarter. Archford Capital Strategies LLC now owns 33,601 shares of the utilities provider’s stock worth $191,000 after buying an additional 22,290 shares during the last quarter. Advisory Services Network LLC increased its position in Duke Energy Corporation by 22.1% in the second quarter. Advisory Services Network LLC now owns 13,312 shares of the utilities provider’s stock worth $1,113,000 after buying an additional 2,407 shares during the last quarter. Finally, Beaton Management Co. Inc. acquired a new position in Duke Energy Corporation during the second quarter worth about $234,000. Institutional investors own 55.41% of the company’s stock.

Duke Energy Corporation Company Profile

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.

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