Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Duke Energy (DUK) today and set a price target of $95.00. The company’s shares closed last Monday at $89.98.
According to TipRanks.com, Byrd is a 1-star analyst with an average return of 0.0% and a 53.7% success rate. Byrd covers the Utilities sector, focusing on stocks such as American Electric Power, South Jersey Industries, and Pinnacle West Capital.
Duke Energy has an analyst consensus of Moderate Buy, with a price target consensus of $93.14, a 2.6% upside from current levels. In a report issued on December 4, Evercore ISI also maintained a Hold rating on the stock with a $92.00 price target.
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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 $6.94 billion and net profit of $1.34 billion. In comparison, last year the company earned revenue of $6.63 billion and had a net profit of $1.08 billion.
Based on the recent corporate insider activity of 73 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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Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables.
