Duke Energy Corp Lowered to Equal Weight at Barclays (DUK)

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Duke Energy Corp (NYSE:DUK) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Thursday, Stock Ratings News reports. They currently have a $77.00 target price on the stock, up from their previous target price of $76.00. Barclays’ price objective indicates a potential upside of 6.97% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Duke Energy Corp in a research note on Tuesday, May 6th. They now have a $77.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Duke Energy Corp in a research note on Wednesday, April 23rd. They now have a $77.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Duke Energy Corp from $77.00 to $78.00 in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $72.00.

Duke Energy Corp (NYSE:DUK) traded down 0.45% on Thursday, hitting $71.655. 2,560,467 shares of the company’s stock traded hands. Duke Energy Corp has a one year low of $64.16 and a one year high of $75.13. The stock’s 50-day moving average is $72.07 and its 200-day moving average is $70.60. The company has a market cap of $50.660 billion and a P/E ratio of 26.27.

Duke Energy Corp (NYSE:DUK) last announced its earnings results on Wednesday, May 7th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.05. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that Duke Energy Corp will post $4.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Friday, May 16th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Wednesday, May 14th.

Duke Energy Corporation (NYSE:DUK) is an energy company.

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