SunTrust Banks set a $80.00 target price on Duke Energy (NYSE:DUK) in a report published on Monday morning. The firm currently has a hold rating on the utilities provider’s stock.

Other equities analysts also recently issued reports about the company. Citigroup raised their price target on Duke Energy from $74.00 to $77.00 and gave the company a sell rating in a report on Tuesday, October 17th. Bank of America reiterated a neutral rating and issued a $92.00 price objective on shares of Duke Energy in a report on Tuesday, October 24th. UBS Group began coverage on Duke Energy in a report on Friday, February 2nd. They issued a buy rating and a $91.00 price objective for the company. Zacks Investment Research upgraded Duke Energy from a sell rating to a hold rating in a report on Tuesday, December 12th. Finally, ValuEngine upgraded Duke Energy from a hold rating to a buy rating in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Duke Energy presently has a consensus rating of Hold and an average target price of $87.98.

Duke Energy (NYSE:DUK) opened at $74.76 on Monday. Duke Energy has a twelve month low of $72.93 and a twelve month high of $91.80. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $52,078.18, a price-to-earnings ratio of 24.53, a PEG ratio of 3.86 and a beta of 0.12.

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 given a $0.89 dividend. The ex-dividend date is Thursday, February 15th. This represents a $3.56 annualized dividend and a yield of 4.76%. Duke Energy’s payout ratio is 117.49%.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.07% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Duke Energy by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock valued at $4,183,115,000 after buying an additional 1,572,216 shares in the last quarter. BlackRock Inc. lifted its position in shares of Duke Energy by 1.2% during the 2nd quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after buying an additional 506,596 shares in the last quarter. Northern Trust Corp lifted its position in shares of Duke Energy by 0.9% during the 2nd quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock valued at $757,629,000 after buying an additional 84,730 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Duke Energy by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock valued at $422,872,000 after buying an additional 164,381 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Duke Energy by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 3,553,139 shares of the utilities provider’s stock valued at $298,855,000 after buying an additional 128,752 shares in the last quarter. 57.24% of the stock is currently 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.

Analyst Recommendations for Duke Energy (NYSE:DUK)

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