KeyCorp Boosts Duke Energy (NYSE:DUK) Price Target to $121.00

Duke Energy (NYSE:DUK – Get Rating) had its target price upped by KeyCorp from $119.00 to $121.00 in a report released on Wednesday morning, Marketbeat.com reports. KeyCorp currently has an overweight rating on the utilities provider’s stock. KeyCorp also issued estimates for Duke Energy’s Q1 2022 earnings at $1.34 EPS, 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, FY2023 earnings at $5.78 EPS, FY2024 earnings at $6.15 EPS, FY2025 earnings at $6.52 EPS and FY2026 earnings at $6.92 EPS.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley raised their price target on Duke Energy from $107.00 to $113.00 and gave the company an equal weight rating in a report on Tuesday, March 22nd. BMO Capital Markets cut Duke Energy from an outperform rating to a market perform rating in a report on Friday, January 7th. Citigroup started coverage on Duke Energy in a report on Tuesday, March 22nd. They set a buy rating and a $120.00 price objective for the company. StockNews.com started coverage on Duke Energy in a report on Thursday, March 31st. They set a hold rating for the company. Finally, Bank of America upgraded Duke Energy from a neutral rating to a buy rating and boosted their price objective for the company from $108.00 to $110.00 in a report on Monday, February 14th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of Hold and an average target price of $111.50.

NYSE DUK opened at $114.28 on Wednesday. The stock’s 50-day moving average price is $107.53 and its 200-day moving average price is $103.96. The company has a market capitalization of $87.98 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 3.39 and a beta of 0.35. Duke Energy has a 52 week low of $95.48 and a 52 week high of $116.33. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 1.23.

Duke Energy (NYSE:DUK – Get Rating) last issued its earnings results on Thursday, February 10th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, meeting 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 return on equity of 8.52% and a net margin of 15.57%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. Research analysts anticipate that Duke Energy will post 5.47 EPS for the current year.

In other Duke Energy news, SVP Louis E. Renjel sold 1,300 shares of Duke Energy stock in a transaction on Monday, February 14th. The stock was sold at an average price of $99.32, for a total transaction of $129,116.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven K. Young sold 415 shares of the business’s stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $104.55, for a total value of $43,388.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,852 shares of company stock valued at $3,549,183. 0.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of Duke Energy by 1.8% in the 1st quarter. Allworth Financial LP now owns 7,068 shares of the utilities provider’s stock worth $789,000 after acquiring an additional 122 shares in the last quarter. UMB Bank N A MO raised its position in shares of Duke Energy by 0.3% in the 1st quarter. UMB Bank N A MO now owns 334,691 shares of the utilities provider’s stock worth $37,372,000 after acquiring an additional 1,052 shares in the last quarter. Wright Investors Service Inc. raised its position in shares of Duke Energy by 1.9% in the 1st quarter. Wright Investors Service Inc. now owns 30,478 shares of the utilities provider’s stock worth $3,403,000 after acquiring an additional 563 shares in the last quarter. Asset Advisors Investment Management LLC raised its position in shares of Duke Energy by 3.1% in the 1st quarter. Asset Advisors Investment Management LLC now owns 3,121 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 95 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Duke Energy by 0.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 48,500 shares of the utilities provider’s stock worth $5,598,000 after acquiring an additional 300 shares in the last quarter. 62.12% of the stock is owned by hedge funds and other institutional investors.

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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