Scotiabank Trims Duke Energy (NYSE:DUK) Target Price to $94.00

Duke Energy (NYSE:DUK) had its price objective reduced by Scotiabank from $101.00 to $94.00 in a research note published on Monday, Benzinga reports. They currently have a sector perform rating on the utilities provider’s stock.

A number of other research firms have also recently weighed in on DUK. Royal Bank of Canada raised shares of Duke Energy from a sector perform rating to an outperform rating and upped their target price for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Bank of America upped their target price on shares of Duke Energy from $96.00 to $100.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. BMO Capital Markets reduced their target price on shares of Duke Energy from $101.00 to $99.00 and set an outperform rating on the stock in a research report on Tuesday, April 16th. Evercore ISI upgraded shares of Duke Energy from an in-line rating to an outperform rating and upped their target price for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Finally, Mizuho upped their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a neutral rating in a research report on Friday, April 5th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $100.62.

Duke Energy Stock Up 0.8 %

DUK stock opened at $98.96 on Monday. The firm has a market cap of $76.34 billion, a PE ratio of 27.88, a PEG ratio of 2.61 and a beta of 0.46. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. Duke Energy has a 1 year low of $83.06 and a 1 year high of $100.39. The company has a fifty day simple moving average of $94.59 and a 200 day simple moving average of $93.63.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same period in the prior year, the firm earned $1.11 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. Sell-side analysts anticipate that Duke Energy will post 5.99 EPS for the current fiscal year.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the sale, the executive vice president now owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duke Energy

Several large investors have recently bought and sold shares of DUK. CKW Financial Group bought a new stake in Duke Energy in the third quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new stake in Duke Energy in the first quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Duke Energy during the fourth quarter worth $26,000. Private Wealth Management Group LLC bought a new stake in shares of Duke Energy during the fourth quarter worth $26,000. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Duke Energy during the third quarter worth $29,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Company Profile

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.