Duke Energy (NYSE:DUK) Price Target Raised to $140.00

Duke Energy (NYSE:DUKFree Report) had its price objective hoisted by UBS Group from $136.00 to $140.00 in a research note published on Monday morning,MarketScreener reports.

Several other analysts have also commented on the company. Royal Bank Of Canada dropped their target price on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a report on Monday, December 29th. BTIG Research restated a “buy” rating and issued a $141.00 price objective on shares of Duke Energy in a research report on Friday, January 30th. Barclays cut their target price on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Finally, Jefferies Financial Group boosted their target price on shares of Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a research note on Tuesday, February 17th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $137.80.

Check Out Our Latest Analysis on Duke Energy

Duke Energy Trading Up 0.2%

NYSE DUK opened at $130.01 on Monday. Duke Energy has a 1 year low of $111.22 and a 1 year high of $132.65. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.55 and a quick ratio of 0.33. The company has a market capitalization of $101.10 billion, a PE ratio of 20.57, a P/E/G ratio of 2.81 and a beta of 0.50. The company has a fifty day moving average of $123.34 and a 200 day moving average of $122.50.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.01. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.57 billion. Duke Energy had a return on equity of 9.66% and a net margin of 15.41%.During the same period last year, the firm earned $1.66 EPS. Research analysts forecast that Duke Energy will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be given a $1.065 dividend. The ex-dividend date is Friday, February 13th. This represents a $4.26 annualized dividend and a dividend yield of 3.3%. Duke Energy’s dividend payout ratio (DPR) is 67.41%.

Insider Transactions at Duke Energy

In related news, CEO Louis E. Renjel sold 6,800 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $127.67, for a total transaction of $868,156.00. Following the completion of the transaction, the chief executive officer owned 22,007 shares in the company, valued at $2,809,633.69. This represents a 23.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Regis T. Repko sold 962 shares of Duke Energy stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total value of $123,001.32. Following the completion of the sale, the senior vice president owned 3,896 shares in the company, valued at approximately $498,142.56. The trade was a 19.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by insiders.

Institutional Trading of Duke Energy

Large investors have recently made changes to their positions in the company. Basso Capital Management L.P. acquired a new stake in Duke Energy during the 4th quarter worth $25,000. Dorato Capital Management acquired a new stake in shares of Duke Energy in the fourth quarter valued at about $26,000. Evolution Wealth Management Inc. lifted its stake in shares of Duke Energy by 1,111.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Duke Energy during the third quarter worth about $27,000. Finally, Triumph Capital Management boosted its position in Duke Energy by 68.6% during the fourth quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 94 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy News Summary

Here are the key news stories impacting Duke Energy this week:

About Duke Energy

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Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

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