Duke Energy (NYSE:DUK) Price Target Lowered to $126.00 at JPMorgan Chase & Co.

by · The Cerbat Gem

Duke Energy (NYSE:DUK – Get Free Report) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $136.00 to $126.00 in a note issued to investors on Thursday,MarketScreener reports. The firm currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 9.43% from the stock’s previous close.

Several other research analysts also recently weighed in on DUK. TD Cowen initiated coverage on shares of Duke Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $143.00 price target for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a research note on Monday. BMO Capital Markets decreased their target price on Duke Energy from $138.00 to $136.00 in a research report on Monday, November 10th. Cowen assumed coverage on Duke Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Scotiabank set a $137.00 target price on shares of Duke Energy and gave the stock a “sector outperform” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.06.

Get Our Latest Stock Report on DUK

Duke Energy Trading Up 1.0%

Shares of DUK stock opened at $115.14 on Thursday. Duke Energy has a 1-year low of $105.20 and a 1-year high of $130.03. The company has a market cap of $89.54 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 2.65 and a beta of 0.49. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40. The stock has a 50 day simple moving average of $123.68 and a 200-day simple moving average of $121.21.

Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.51 billion. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 EPS. On average, equities research analysts expect that Duke Energy will post 6.33 EPS for the current fiscal year.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the completion of the sale, the executive vice president owned 11,367 shares of the company’s stock, valued at $1,407,234.60. This trade represents a 41.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Duke Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Pflug Koory LLC increased its position in shares of Duke Energy by 3.0% in the 3rd quarter. Pflug Koory LLC now owns 2,694 shares of the utilities provider’s stock valued at $333,000 after purchasing an additional 79 shares during the last quarter. WealthShield Partners LLC increased its holdings in Duke Energy by 0.3% in the second quarter. WealthShield Partners LLC now owns 25,453 shares of the utilities provider’s stock valued at $3,003,000 after buying an additional 80 shares during the last quarter. Cypress Wealth Services LLC raised its stake in Duke Energy by 1.7% in the third quarter. Cypress Wealth Services LLC now owns 5,048 shares of the utilities provider’s stock valued at $625,000 after buying an additional 82 shares in the last quarter. EWA LLC lifted its holdings in Duke Energy by 3.9% during the 3rd quarter. EWA LLC now owns 2,203 shares of the utilities provider’s stock worth $273,000 after buying an additional 82 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC boosted its position in shares of Duke Energy by 4.6% during the 3rd quarter. Mill Creek Capital Advisors LLC now owns 1,854 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

About Duke Energy

(Get Free Report)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.

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