Duke Energy (NYSE:DUK) Stock Price Expected to Rise, Evercore Analyst Says

Duke Energy (NYSE:DUKGet Free Report) had its target price hoisted by investment analysts at Evercore from $139.00 to $140.00 in a research report issued to clients and investors on Monday,MarketScreener reports. Evercore’s target price suggests a potential upside of 12.20% from the stock’s current price.

A number of other research analysts have also weighed in on DUK. Capitol Sec Mgt lowered Duke Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research note on Monday, May 4th. Royal Bank Of Canada decreased their target price on shares of Duke Energy from $143.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, January 23rd. Finally, Barclays increased their target price on shares of Duke Energy from $127.00 to $143.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.53.

Read Our Latest Analysis on DUK

Duke Energy Trading Up 0.5%

NYSE:DUK opened at $124.78 on Monday. Duke Energy has a 1 year low of $111.22 and a 1 year high of $134.49. The stock’s fifty day moving average price is $129.72 and its two-hundred day moving average price is $124.21. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. The company has a market cap of $97.28 billion, a P/E ratio of 19.10 and a beta of 0.41.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.06. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 earnings per share. Duke Energy has set its FY 2026 guidance at 6.550-6.80 EPS. As a group, analysts expect that Duke Energy will post 6.7 EPS for the current year.

Insider Buying and Selling

In other news, SVP Regis T. Repko sold 962 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $127.86, for a total value of $123,001.32. Following the transaction, the senior vice president owned 3,896 shares of the company’s stock, valued at $498,142.56. This represents a 19.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Louis E. Renjel sold 6,800 shares of Duke Energy stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $127.67, for a total transaction of $868,156.00. Following the sale, the chief executive officer directly owned 22,007 shares of the company’s stock, valued at $2,809,633.69. This represents a 23.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Duke Energy

A number of large investors have recently added to or reduced their stakes in the company. Basso Capital Management L.P. purchased a new position in shares of Duke Energy in the 4th quarter worth about $25,000. Dorato Capital Management bought a new stake in Duke Energy in the 4th quarter worth approximately $26,000. Evolution Wealth Management Inc. lifted its position in Duke Energy by 1,111.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in Duke Energy in the third quarter worth approximately $27,000. Finally, Triumph Capital Management grew 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 valued at $27,000 after acquiring an additional 94 shares during 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 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.

Further Reading

Analyst Recommendations for Duke Energy (NYSE:DUK)

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