In a report released yesterday, Shahriar Pourreza from Guggenheim reiterated a Buy rating on Duke Energy Corp (NYSE: DUK), with a price target of $86. The company’s shares closed yesterday at $82.28.
According to TipRanks.com, Pourreza is a 5-star analyst with an average return of 13.4% and a 82.8% success rate. Pourreza covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Newjersey Resources Corp, and Nextera Energy Partners.
Currently, the analyst consensus on Duke Energy Corp is a Moderate Buy with an average price target of $83.67.
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Duke Energy Corp’s market cap is currently $58.58B and has a P/E ratio of 20.83. The company has a Price to Book ratio of 1.38.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.
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Duke Energy Corp. engages in electric power and gas distribution operations, and provides other energy related services. It operates its business through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables.
