Duke Energy (DUK) Receives a Rating Update from a Top Analyst

RBC Capital analyst Shelby Tucker maintained a Buy rating on Duke Energy (DUK – Research Report) on May 14 and set a price target of $113.00. The company’s shares closed yesterday at $102.84.

Tucker covers the Utilities sector, focusing on stocks such as Atlantica Yield, PPL, and American Water. According to TipRanks, Tucker has an average return of 10.8% and a 73.97% success rate on recommended stocks.

Currently, the analyst consensus on Duke Energy is a Moderate Buy with an average price target of $102.33.

DUK market cap is currently $79.76B and has a P/E ratio of 25.00.

Based on the recent corporate insider activity of 63 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 (DUK) Company Description:

Founded in 1904, North Carolina-based Duke Energy Corporation is an energy company which distributes natural gas and energy related services. It operates through three segments including, Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables.