SunTrust Banks Reiterates “$79.00” Price Target for Duke Energy (DUK)

Duke Energy (NYSE:DUK) has been assigned a $79.00 target price by equities researchers at SunTrust Banks in a research report issued on Monday. The brokerage presently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ price objective points to a potential upside of 3.85% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Goldman Sachs Group lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $80.11 to $88.00 in a research note on Wednesday, January 10th. Bank of America reiterated a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a research note on Tuesday, October 24th. Morgan Stanley boosted their target price on shares of Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Citigroup boosted their target price on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. Duke Energy has an average rating of “Hold” and an average price target of $87.91.

Shares of Duke Energy (DUK) traded down $0.03 on Monday, reaching $76.07. 864,436 shares of the company’s stock were exchanged, compared to its average volume of 4,123,405. The stock has a market cap of $53,150.00, a price-to-earnings ratio of 19.95, a PEG ratio of 3.94 and a beta of 0.12. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. Duke Energy has a 1-year low of $72.93 and a 1-year high of $91.80.

Several large investors have recently bought and sold shares of the company. Nelson Roberts Investment Advisors LLC bought a new position in Duke Energy in the 3rd quarter worth $112,000. Shamrock Asset Management LLC bought a new position in Duke Energy in the 4th quarter worth $115,000. Global Trust Asset Management LLC bought a new position in Duke Energy in the 4th quarter worth $115,000. Wealthcare Advisory Partners LLC bought a new position in Duke Energy in the 3rd quarter worth $131,000. Finally, Acropolis Investment Management LLC bought a new position in Duke Energy in the 4th quarter worth $131,000. Hedge funds and other institutional investors own 57.13% of the company’s stock.

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About Duke Energy

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

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