Morgan Stanley’s Outlook for This Canada’s Energy Sector Company

In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Duke Energy (DUK), with a price target of $87.00. The company’s shares closed last Friday at $80.92.

According to, Byrd is a 3-star analyst with an average return of 0.7% and a 54.2% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and American Electric Power.

Duke Energy has an analyst consensus of Moderate Buy, with a price target consensus of $98.00, which is a 20.3% upside from current levels. In a report issued on May 13, Merrill Lynch also reiterated a Hold rating on the stock with a $83.00 price target.

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Based on Duke Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.95 billion and net profit of $938 million. In comparison, last year the company earned revenue of $6.16 billion and had a net profit of $900 million.

Based on the recent corporate insider activity of 72 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. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Gas Utilities and Infrastructure segment focuses on natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded in 1904 and is headquartered in Charlotte, NC.

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