Duke Energy Corporation (NYSE:DUK)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank AG in a research note issued on Wednesday. They currently have a $84.00 price objective on the utilities provider’s stock, up from their previous price objective of $83.00. Deutsche Bank AG’s price target indicates a potential downside of 3.00% from the stock’s previous close.

A number of other research analysts have also commented on the company. Zacks Investment Research lowered Duke Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 price target on shares of Duke Energy Corporation in a research report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $82.00 to $85.00 in a research report on Monday, June 26th. Barclays PLC reaffirmed an “equal weight” rating and set a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corporation in a research report on Sunday, April 23rd. Finally, BidaskClub lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $82.58.

Shares of Duke Energy Corporation (DUK) traded down 0.10% during midday trading on Wednesday, reaching $86.51. The company’s stock had a trading volume of 661,116 shares. The company has a market capitalization of $60.55 billion, a P/E ratio of 27.59 and a beta of 0.24. The company’s 50-day moving average price is $84.86 and its 200 day moving average price is $82.52. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $87.75.

Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. Duke Energy Corporation’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 EPS. On average, equities research analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.

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In other Duke Energy Corporation news, Director Theodore F. Craver, Jr. bought 3,500 shares of the business’s stock in a transaction on Monday, May 15th. The shares were acquired at an average cost of $83.73 per share, for a total transaction of $293,055.00. Following the purchase, the director now owns 5,706 shares in the company, valued at approximately $477,763.38. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director E Marie Mckee sold 1,937 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Hennessy Advisors Inc. increased its position in Duke Energy Corporation by 1.5% in the first quarter. Hennessy Advisors Inc. now owns 379,737 shares of the utilities provider’s stock worth $31,142,000 after buying an additional 5,500 shares during the period. Hexavest Inc. increased its position in Duke Energy Corporation by 4.4% in the first quarter. Hexavest Inc. now owns 780,241 shares of the utilities provider’s stock worth $63,988,000 after buying an additional 32,947 shares during the period. Pegasus Partners Ltd. increased its position in Duke Energy Corporation by 0.5% in the first quarter. Pegasus Partners Ltd. now owns 23,034 shares of the utilities provider’s stock worth $1,889,000 after buying an additional 110 shares during the period. Brookstone Capital Management increased its position in Duke Energy Corporation by 7.9% in the first quarter. Brookstone Capital Management now owns 78,707 shares of the utilities provider’s stock worth $6,455,000 after buying an additional 5,795 shares during the period. Finally, Rothschild Investment Corp IL increased its position in Duke Energy Corporation by 0.3% in the first quarter. Rothschild Investment Corp IL now owns 48,836 shares of the utilities provider’s stock worth $4,005,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 55.60% 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.

Analyst Recommendations for Duke Energy Corporation (NYSE:DUK)

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