Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Duke Energy Corp (NYSE: DUK) today and set a price target of $91. The company’s shares closed yesterday at $82.31.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.7% and a 61.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and South Jersey Industries.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Duke Energy Corp with a $84.71 average price target.
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Duke Energy Corp’s market cap is currently $58.6B and has a P/E ratio of 20.84. 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.
