JPMorgan Chase & Co. Issues Positive Forecast for Duke Energy (NYSE:DUK) Stock Price

Duke Energy (NYSE:DUK - Get Free Report) had its target price upped by stock analysts at JPMorgan Chase & Co. from $114.00 to $121.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the utilities provider's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 1.34% from the company's previous close.

DUK has been the subject of several other research reports. Scotiabank upped their target price on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. Jefferies Financial Group upped their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Guggenheim lifted their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Morgan Stanley decreased their price objective on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Finally, BMO Capital Markets raised their price target on Duke Energy from $123.00 to $128.00 and gave the stock an "outperform" rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Duke Energy has an average rating of "Moderate Buy" and an average target price of $122.93.

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Duke Energy Price Performance

Duke Energy stock traded up $0.90 during mid-day trading on Tuesday, hitting $119.40. 649,368 shares of the company traded hands, compared to its average volume of 3,395,935. The stock has a fifty day moving average price of $112.02 and a 200-day moving average price of $113.30. The stock has a market cap of $92.71 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. Duke Energy has a one year low of $92.75 and a one year high of $121.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.

Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. On average, equities analysts predict that Duke Energy will post 6.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Mattson Financial Services LLC bought a new position in Duke Energy in the fourth quarter worth $28,000. Vermillion Wealth Management Inc. bought a new stake in shares of Duke Energy during the 4th quarter valued at $27,000. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the 3rd quarter worth about $29,000. Parkworth Wealth Management Inc. purchased a new position in Duke Energy during the 4th quarter valued at about $28,000. Finally, WealthTrak Capital Management LLC bought a new stake in Duke Energy during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 65.31% of the company's stock.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.

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