Duke Energy (NYSE:DUK) Stock Rating Lowered by Wall Street Zen

Duke Energy (NYSE:DUK – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently weighed in on DUK. Barclays cut their price target on Duke Energy from $132.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Mizuho set a $136.00 price objective on Duke Energy in a report on Wednesday, August 5th. Jefferies Financial Group reiterated a “hold” rating and set a $121.00 target price on shares of Duke Energy in a research report on Monday, October 12th. BMO Capital Markets cut their target price on shares of Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a report on Thursday, October 29th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and a consensus price target of $132.19.

Read Our Latest Stock Report on Duke Energy

Duke Energy Stock Up 0.1%

Shares of DUK stock opened at $127.91 on Friday. The company’s fifty day simple moving average is $119.84 and its two-hundred day simple moving average is $124.51. Duke Energy has a 52 week low of $112.40 and a 52 week high of $134.49. The stock has a market cap of $99.73 billion, a P/E ratio of 18.70, a PEG ratio of 2.98 and a beta of 0.33. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 1.49.

Duke Energy (NYSE:DUK – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.13. Duke Energy had a return on equity of 9.82% and a net margin of 15.94%. The firm had revenue of $9.10 billion during the quarter, compared to analyst estimates of $8.91 billion. During the same quarter last year, the business posted $1.81 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Analysts predict that Duke Energy will post 6.72 EPS for the current fiscal year.

Insider Activity at Duke Energy

In other news, EVP Bonnie Titone sold 2,900 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $128.00, for a total value of $371,200.00. Following the sale, the executive vice president directly owned 26,111 shares in the company, valued at approximately $3,342,208. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Duke Energy

A number of large investors have recently bought and sold shares of DUK. Fulcrum Asset Management LLP acquired a new stake in Duke Energy during the 3rd quarter worth about $29,000. Livelsberger Financial Advisory acquired a new position in shares of Duke Energy in the 3rd quarter valued at about $31,000. Compass Wealth Management LLC acquired a new position in shares of Duke Energy in the 3rd quarter valued at about $33,000. Evergreen Advisors LLC purchased a new stake in shares of Duke Energy in the first quarter worth about $36,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Duke Energy in the first quarter worth about $38,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Key Duke Energy News

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

About Duke Energy

(Get Free Report)

Duke Energy is a U.S. energy company focused primarily on regulated electric utilities and natural gas distribution. Its businesses generate, transmit and distribute electricity, and provide natural gas service to residential, commercial and industrial customers.

The company serves electric customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its natural gas distribution operations serve customers in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.

Duke Energy’s power generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable resources.

Further Reading

Analyst Recommendations for Duke Energy (NYSE:DUK)

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