Duke Energy (DUK) Downgraded by Goldman Sachs Group to "Neutral"

Duke Energy Corp Sentiment Report

Shares of Duke Energy Corporation (NYSE:DUK) have seen a movement of -1.04% in the most recent session. Goldman Sachs Group now has $88.00 price objective on the utilities provider's stock, up from their prior price objective of $80.11.

A number of research analysts have issued reports on the stock. RBC Capital Markets maintained Duke Energy Corporation (NYSE:DUK) rating on Sunday, August 27. Finally, SunTrust Banks reaffirmed a "hold" rating and issued a $90.00 price target on shares of Duke Energy in a research report on Monday, November 6th. SunTrust Banks set a $82.00 target price on shares of Duke Energy and gave the company a "hold" rating in a report on Wednesday, January 3rd.

The 1 analysts offering 12-month price forecasts for NXT-ID Inc have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. Bank of America reissued a "neutral" rating and set a $92.00 target price on shares of Duke Energy in a research note on Tuesday, October 24th. Zacks downgraded Duke Energy Corporation (NYSE:DUK) on Friday, August 7 to "Buy" rating. Jefferies maintained the stock with "Hold" rating in Thursday, October 12 report. The stock saw a move of -1.04% during the latest trading session. The stock traded with the volume of 4.11 Million shares yesterday.

The DUK also have attractive liquidity position, it has current ratio of 0.70 and quick ratio was calculated as 0.40. The firm has a market cap of $55,230.00, a P/E ratio of 20.81, a P/E/G ratio of 4.24 and a beta of 0.26. Duke Energy Corp has a one year low of $76.28 and a one year high of $91.80.

Duke Energy (NYSE:DUK) last issued its earnings results on Friday, November 3rd. After $1.59 actual EPS reported by Duke Energy Corporation for the previous quarter, Wall Street now forecasts -42.14% negative EPS growth. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. They expect $0.11 earnings per share, down 72.50% or $0.29 from last year's $0.4 per share. The utilities provider reported $1.59 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.56 by $0.03.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a $0.89 dividend. This represents a $3.42 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, February 15th. Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Duke Energy during the third quarter worth about $112,000. About 18.47 million shares traded.

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First Fiduciary Investment Counsel Inc increased its stake in Wells Fargo (WFC) by 2.9% based on its latest 2017Q3 regulatory filing with the SEC. Bancorp Of The Ozarks invested in 20,628 shares. Duke Energy makes up about 0.9% of Hexavest Inc.'s holdings, making the stock its 25th largest position.

Tensile Capital Management Llc, which manages about $504.77M and $525.56M US Long portfolio, upped its stake in News Corp New (NASDAQ:NWSA) by 100,000 shares to 1.81 million shares, valued at $24.01 million in 2017Q3, according to the filing. Finally, Northwestern Mutual Investment Management Company LLC raised its position in Duke Energy by 575.7% during the second quarter. Sei Investments Co. boosted its stake in shares of Duke Energy by 26.4% during the third quarter.

In related news, EVP Lloyd M. Yates sold 5,000 shares of the firm's stock in a transaction on Monday, November 13th.

Fine tuning their focus in on Raytheon Company (NYSE:RTN) stock, investors are taking a closer look at the equity in recent weeks.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Week Herald and is the property of of Week Herald. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright laws. The legal version of this piece can be viewed at https://stocknewstimes.com/2018/01/11/duke-energy-duk-lowered-to-hold-at-valuengine.html. The company's revenue was down 1.4% on a year-over-year basis. equities research analysts predict that Duke Energy Corp will post 4.56 EPS for the current year. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables.

Currently, 0.06% of Duke Energy Corporation (NYSE:DUK) are owned by insiders with 57.49% six-month change in the insider ownership. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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