BMO Capital Markets Boosts Duke Energy (NYSE:DUK) Price Target to $110.00 (2024)

Posted by Defense World Staff on May 21st, 2024

Duke Energy (NYSE:DUK – Free Report) had its price target upped by BMO Capital Markets from $108.00 to $110.00 in a research report released on Monday, Benzinga reports. They currently have an outperform rating on the utilities provider’s stock.

A number of other analysts have also commented on the stock. Barclays boosted their price target on shares of Duke Energy from $99.00 to $100.00 and gave the company an overweight rating in a research note on Monday, April 15th. Scotiabank lowered their target price on shares of Duke Energy from $101.00 to $94.00 and set a sector perform rating on the stock in a report on Monday, April 22nd. Wells Fargo & Company cut their price target on Duke Energy from $103.00 to $100.00 and set an overweight rating for the company in a research note on Friday, February 9th. Mizuho increased their price objective on Duke Energy from $89.00 to $99.00 and gave the stock a neutral rating in a research note on Friday, April 5th. Finally, KeyCorp upped their price target on Duke Energy from $107.00 to $112.00 and gave the stock an overweight rating in a report on Monday. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $101.85.

View Our Latest Stock Analysis on DUK

Duke Energy Trading Down 0.2 %

NYSE:DUK opened at $103.68 on Monday. The firm has a fifty day simple moving average of $97.74 and a two-hundred day simple moving average of $95.30. Duke Energy has a 12 month low of $83.06 and a 12 month high of $103.93. The stock has a market capitalization of $80.02 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.77 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUK – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The business had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the business earned $1.20 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Duke Energy will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be given a dividend of $1.025 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.10 annualized dividend and a yield of 3.95%. Duke Energy’s payout ratio is currently 103.02%.

Insiders Place Their Bets

In other news, Director E Marie Mckee sold 1,695 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total transaction of $173,415.45. Following the completion of the transaction, the director now directly owns 4 shares of the company’s stock, valued at approximately $409.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total transaction of $173,415.45. Following the transaction, the director now owns 4 shares of the company’s stock, valued at approximately $409.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Julia S. Janson sold 10,000 shares of Duke Energy stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the sale, the executive vice president now directly owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,695 shares of company stock valued at $2,750,815. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DUK. Citizens Financial Group Inc. RI lifted its position in shares of Duke Energy by 4.7% during the first quarter. Citizens Financial Group Inc. RI now owns 7,040 shares of the utilities provider’s stock worth $681,000 after acquiring an additional 316 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in Duke Energy during the 1st quarter worth about $165,000. KLCM Advisors Inc. boosted its stake in Duke Energy by 2.9% in the 1st quarter. KLCM Advisors Inc. now owns 5,181 shares of the utilities provider’s stock worth $501,000 after purchasing an additional 144 shares during the period. Beacon Capital Management LLC grew its holdings in Duke Energy by 3.9% during the 1st quarter. Beacon Capital Management LLC now owns 3,524 shares of the utilities provider’s stock valued at $341,000 after buying an additional 132 shares in the last quarter. Finally, Hanco*ck Whitney Corp lifted its holdings in shares of Duke Energy by 3.9% in the first quarter. Hanco*ck Whitney Corp now owns 4,361 shares of the utilities provider’s stock worth $422,000 after buying an additional 163 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

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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