Duke Energy (NYSE:DUK) PT Raised to $112.00 at KeyCorp (2024)

Posted by Defense World Staff on May 21st, 2024

Duke Energy (NYSE:DUK – Free Report) had its price target upped by KeyCorp from $107.00 to $112.00 in a research note published on Monday, Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

A number of other analysts have also issued reports on the company. Bank of America boosted their price objective on Duke Energy from $96.00 to $100.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Wells Fargo & Company reduced their target price on Duke Energy from $103.00 to $100.00 and set an overweight rating for the company in a research report on Friday, February 9th. Barclays boosted their target price on Duke Energy from $99.00 to $100.00 and gave the stock an overweight rating in a research report on Monday, April 15th. BMO Capital Markets boosted their target price on Duke Energy from $104.00 to $108.00 and gave the stock an outperform rating in a research report on Wednesday, May 8th. Finally, Evercore ISI upgraded Duke Energy from an in-line rating to an outperform rating and boosted their target price for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $101.85.

View Our Latest Stock Report on Duke Energy

Duke Energy Stock Performance

NYSE:DUK opened at $103.68 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. Duke Energy has a 52-week low of $83.06 and a 52-week high of $103.93. The firm has a market cap 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 business’s fifty day moving average is $97.74 and its 200 day moving average is $95.30.

Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same period in the previous year, the company posted $1.20 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts predict that Duke Energy will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

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

Insider Activity at Duke Energy

In related news, EVP Julia S. Janson sold 10,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the completion of the sale, the executive vice president now directly owns 68,657 shares in the company, valued at approximately $7,057,253.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Julia S. Janson sold 10,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the completion of the sale, the executive vice president now directly owns 68,657 shares in the company, valued at approximately $7,057,253.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the sale, the chief executive officer now owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock worth $2,750,815 in the last ninety days. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in Duke Energy during the 1st quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Duke Energy in the 4th quarter worth approximately $26,000. Private Wealth Management Group LLC bought a new position in shares of Duke Energy in the 4th quarter worth approximately $26,000. Riverview Trust Co bought a new position in shares of Duke Energy in the 1st quarter worth approximately $30,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in shares of Duke Energy in the 4th quarter worth approximately $31,000. 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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