Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Duke Energy (DUK – Research Report) today and set a price target of $108.00. The company’s shares opened today at $101.53.
According to TipRanks, Byrd is a 5-star analyst with an average return of 8.8% and a 58.95% success rate. Byrd covers the Utilities sector, focusing on stocks such as ONE Gas, Ameren, and Atmos Energy.
In addition to Morgan Stanley, Duke Energy also received a Hold from J.P. Morgan’s Jeremy Tonet in a report issued on January 19. However, on January 17, KeyBanc maintained a Buy rating on Duke Energy (NYSE: DUK).
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Based on Duke Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.97 billion and a net profit of $1.42 billion. In comparison, last year the company earned a revenue of $6.95 billion and had a net profit of $1.41 billion
Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DUK in relation to earlier this year.
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Founded in 1904, North Carolina-based Duke Energy Corporation is an energy company which distributes natural gas and energy related services. It operates through three segments including, Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables.
Read More on DUK:
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- Duke Energy says agreement reached in rate review request in South Carolina
- Congresswoman Virginia Foxx Recently Traded These 3 Stocks
- Duke Energy announces dividend payments to shareholders
- Duke Energy price target raised to $110 from $107 at BMO Capital