According to Zacks, “Being a premier utility service provider, Duke Energy invests heavily in infrastructure and expansion projects. The company has undertaken several projects and plans to invest about $25 billion to $30 billion in growth projects over the 2016-2020 time frame. Further, we appreciate Duke Energy’s efforts to expand its renewable asset base in light of increasingly stringent environmental regulations. Going ahead, stringent environmental regulations, pending regulatory cases, volatile commodity prices, severe weather patterns and foreign exchange risks may hinder Duke Energy’s performance. That said, the company’s stable regulated operations, the Piedmont Natural Gas acquisition, a systematic capital investment program, renewable asset expansion and organized transition toward a more focused business mix will likely provide tailwinds.”
A number of other research analysts also recently issued reports on DUK. Mizuho restated a neutral rating and set a $75.00 target price on shares of Duke Energy Corp. in a research report on Thursday, June 30th. Citigroup Inc. upped their target price on shares of Duke Energy Corp. from $72.00 to $82.00 and gave the company a neutral rating in a research report on Wednesday, July 20th. Argus restated a hold rating on shares of Duke Energy Corp. in a research report on Tuesday, July 26th. Howard Weil upped their target price on shares of Duke Energy Corp. from $78.00 to $88.00 and gave the company a sector perform rating in a research report on Monday, August 8th. Finally, Scotiabank restated a sector perform rating and set a $88.00 target price (up from $78.00) on shares of Duke Energy Corp. in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $80.23.
Shares of Duke Energy Corp. (NYSE:DUK) opened at 76.57 on Tuesday. Duke Energy Corp. has a 1-year low of $65.50 and a 1-year high of $87.75. The firm has a 50-day moving average of $80.08 and a 200-day moving average of $81.16. The firm has a market capitalization of $52.75 billion, a PE ratio of 20.24 and a beta of 0.13.
Duke Energy Corp. (NYSE:DUK) last released its earnings results on Thursday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the prior year, the company posted $0.95 EPS. On average, equities research analysts anticipate that Duke Energy Corp. will post $4.59 EPS for the current fiscal year.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the completion of the transaction, the executive vice president now owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DUK. Acadian Asset Management LLC increased its stake in Duke Energy Corp. by 85.6% in the second quarter. Acadian Asset Management LLC now owns 957,001 shares of the company’s stock valued at $82,100,000 after buying an additional 441,335 shares during the last quarter. Arizona State Retirement System increased its stake in Duke Energy Corp. by 1.4% in the first quarter. Arizona State Retirement System now owns 359,137 shares of the company’s stock valued at $28,975,000 after buying an additional 4,900 shares during the last quarter. AMP Capital Investors Ltd increased its stake in Duke Energy Corp. by 20.4% in the first quarter. AMP Capital Investors Ltd now owns 351,711 shares of the company’s stock valued at $28,260,000 after buying an additional 59,627 shares during the last quarter. Strs Ohio increased its stake in Duke Energy Corp. by 2.2% in the second quarter. Strs Ohio now owns 742,611 shares of the company’s stock valued at $63,708,000 after buying an additional 15,753 shares during the last quarter. Finally, Aviance Capital Management LLC increased its stake in Duke Energy Corp. by 21.7% in the second quarter. Aviance Capital Management LLC now owns 377,236 shares of the company’s stock valued at $32,363,000 after buying an additional 67,349 shares during the last quarter. 56.56% of the stock is owned by institutional investors.
About Duke Energy Corp.
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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