Duke Energy Co. (NYSE:DUK – Get Rating) – Stock analysts at KeyCorp issued their Q1 2022 EPS estimates for Duke Energy in a research note issued to investors on Tuesday, April 19th. KeyCorp analyst S. Karp anticipates that the utilities provider will post earnings of $1.34 per share for the quarter. KeyCorp has a “Overweight” rating and a $121.00 price target on the stock. KeyCorp also issued estimates for Duke Energy’s Q2 2022 earnings at $1.14 EPS, Q3 2022 earnings at $1.88 EPS, Q4 2022 earnings at $1.08 EPS, FY2022 earnings at $5.44 EPS and FY2026 earnings at $6.92 EPS.
A number of other research firms also recently commented on DUK. Morgan Stanley increased their target price on Duke Energy from $113.00 to $122.00 and gave the company an “equal weight” rating in a research report on Wednesday. BMO Capital Markets lowered Duke Energy from an “outperform” rating to a “market perform” rating in a report on Friday, January 7th. Bank of America upgraded Duke Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $108.00 to $110.00 in a research note on Monday, February 14th. Citigroup assumed coverage on Duke Energy in a research note on Tuesday, March 22nd. They issued a “buy” rating and a $120.00 target price on the stock. Finally, StockNews.com started coverage on Duke Energy in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $111.50.
Duke Energy (NYSE:DUK – Get Rating) last issued its earnings results on Thursday, February 10th. The utilities provider reported $0.94 EPS for the quarter, hitting the consensus estimate of $0.94. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.81 billion. Duke Energy had a net margin of 15.57% and a return on equity of 8.52%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share.
Several hedge funds and other institutional investors have recently made changes to their positions in DUK. Masso Torrence Wealth Management Inc. acquired a new position in shares of Duke Energy during the 4th quarter worth about $33,000. Quent Capital LLC acquired a new stake in shares of Duke Energy during the fourth quarter valued at about $35,000. Econ Financial Services Corp acquired a new stake in shares of Duke Energy during the fourth quarter valued at about $38,000. DeDora Capital Inc. acquired a new stake in shares of Duke Energy during the first quarter valued at about $40,000. Finally, PFG Private Wealth Management LLC acquired a new stake in shares of Duke Energy during the third quarter valued at about $36,000. 62.12% of the stock is currently owned by institutional investors.
In other Duke Energy news, CEO Lynn J. Good sold 20,000 shares of the business’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $98.57, for a total transaction of $1,971,400.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Julia S. Janson sold 1,036 shares of the company’s stock in a transaction on Tuesday, March 8th. The stock was sold at an average price of $107.00, for a total transaction of $110,852.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,852 shares of company stock valued at $3,549,183. Insiders own 0.10% of the company’s stock.
Duke Energy Company Profile (Get Rating)
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.
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