Brokerages Set Duke Energy Corporation (NYSE:DUK) PT at $138.62

Duke Energy Corporation (NYSE:DUK) has earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $138.6250.

Several brokerages recently issued reports on DUK. UBS Group cut their price target on shares of Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. Truist Financial raised their price objective on shares of Duke Energy from $137.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Mizuho cut their target price on shares of Duke Energy from $139.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, June 18th. JPMorgan Chase & Co. increased their price target on Duke Energy from $136.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, BMO Capital Markets lowered their target price on Duke Energy from $138.00 to $134.00 and set an “outperform” rating for the company in a research note on Monday, July 20th.

Duke Energy Price Performance

Shares of DUK stock opened at $125.47 on Friday. The stock’s fifty day simple moving average is $125.64 and its 200 day simple moving average is $126.23. Duke Energy has a one year low of $113.89 and a one year high of $134.49. The firm has a market cap of $97.82 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.76 and a beta of 0.38. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.06. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The firm had revenue of $9.18 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the prior year, the company posted $1.76 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts expect that Duke Energy will post 6.72 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a $1.085 dividend. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date is Friday, August 14th. This represents a $4.34 annualized dividend and a yield of 3.5%. Duke Energy’s dividend payout ratio is presently 65.24%.

Insider Buying and Selling at Duke Energy

In other news, CEO Louis E. Renjel sold 3,500 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the transaction, the chief executive officer owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This represents a 14.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the transaction, the chief executive officer directly owned 96,102 shares in the company, valued at $11,952,205.74. The trade was a 17.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Duke Energy

Several large investors have recently modified their holdings of DUK. World Investment Advisors grew its holdings in shares of Duke Energy by 62.7% during the fourth quarter. World Investment Advisors now owns 42,680 shares of the utilities provider’s stock worth $5,003,000 after buying an additional 16,450 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Duke Energy by 22.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,530 shares of the utilities provider’s stock worth $15,534,000 after acquiring an additional 24,497 shares during the last quarter. Moseley Investment Management Inc. grew its stake in shares of Duke Energy by 423.6% during the 4th quarter. Moseley Investment Management Inc. now owns 9,749 shares of the utilities provider’s stock worth $1,143,000 after acquiring an additional 7,887 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Duke Energy during the 4th quarter worth approximately $1,316,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Duke Energy by 29.3% in the fourth quarter. Farther Finance Advisors LLC now owns 53,861 shares of the utilities provider’s stock valued at $6,313,000 after purchasing an additional 12,219 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy News Summary

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

• Positive Sentiment: Analysts have assigned Duke Energy a consensus “Moderate Buy” rating, indicating generally favorable expectations for the stock. Duke Energy Corporation Given Consensus Rating of Moderate Buy
• Positive Sentiment: Duke Energy’s upcoming second-quarter results are expected to benefit from grid investments, rising electricity demand and infrastructure milestones, with analysts looking for year-over-year EPS growth. Duke Energy to Release Q2 Earnings
• Positive Sentiment: New underground power-line construction and plans to employ about 1,000 workers on multibillion-dollar generation projects underscore Duke Energy’s long-term capital-investment and reliability strategy, while potentially supporting future rate-base growth. Duke Energy Starts Installing Underground Power Lines
• Neutral Sentiment: Duke Energy restored power to customers in western North Carolina following severe storms. The recovery demonstrates operational responsiveness, although storm-related restoration work can create short-term costs. Power Restored to Western North Carolina Customers
• Negative Sentiment: North Carolina regulators reduced a proposed Duke Energy rate increase by nearly half. Although customer bills would still rise, the smaller increase could limit near-term revenue and earnings support relative to the company’s original request. North Carolina Duke Energy Rate Hike Is Cut

Duke Energy Company Profile

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.