Guggenheim Reaffirms Buy Rating for Duke Energy (DUK)

Guggenheim reaffirmed their buy rating on shares of Duke Energy (NYSE:DUK) in a research note published on Wednesday morning. Guggenheim currently has a $96.00 price objective on the utilities provider’s stock.

A number of other brokerages have also recently weighed in on DUK. Citigroup raised their price objective on shares of Duke Energy from $74.00 to $77.00 and gave the stock a sell rating in a research note on Tuesday, October 17th. ValuEngine cut shares of Duke Energy from a buy rating to a hold rating in a research note on Tuesday, December 19th. Royal Bank of Canada reissued a buy rating and set a $87.00 price objective on shares of Duke Energy in a research note on Tuesday, November 7th. Morgan Stanley raised their price objective on shares of Duke Energy from $95.00 to $96.00 and gave the stock an equal weight rating in a research note on Wednesday, December 13th. Finally, SunTrust Banks reissued a hold rating and set a $83.00 price objective on shares of Duke Energy in a research note on Tuesday, December 26th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $87.26.

Duke Energy (NYSE DUK) opened at $81.94 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. Duke Energy has a 12 month low of $76.14 and a 12 month high of $91.80. The firm has a market cap of $57,621.99, a P/E ratio of 27.04, a PEG ratio of 4.26 and a beta of 0.26.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.34%. Duke Energy’s payout ratio is currently 117.49%.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in DUK. Winfield Associates Inc. grew its stake in shares of Duke Energy by 14.3% during the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after buying an additional 165 shares during the period. Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Duke Energy during the 3rd quarter valued at $112,000. Daiwa SB Investments Ltd. purchased a new stake in shares of Duke Energy during the 2nd quarter valued at $130,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Duke Energy during the 3rd quarter valued at $131,000. Finally, AllSquare Wealth Management LLC purchased a new stake in shares of Duke Energy during the 3rd quarter valued at $155,000. 57.23% of the stock is owned by hedge funds and other institutional investors.

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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.

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