Duke Energy Corp. Receives a Hold from Scotia Howard Weil

By Ryan Adsit

Scotia Howard Weil analyst Jonathan Logan Donnel reiterated a Hold rating on Duke Energy Corp. (NYSE: DUK) today and set a price target of $83. The company’s shares opened today at $77.81.

According to TipRanks.com, Donnel is ranked #3698 out of 4162 analysts.

Duke Energy Corp. has an analyst consensus of Hold.

Based on Duke Energy Corp.’s latest earnings report from June 30, the company posted quarterly revenue of $5.48B and quarterly net profit of $509M. In comparison, last year the company earned revenue of $6.48B and had a net profit of $932M.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2015, Lloyd Yates, the EVPMkt Solutions;PresCarolinas of DUK sold 5,892 shares for a total of $448,381.

Duke Energy Corp. engages in electric power and gas distribution operations, and provides other energy related services. It operates its business through three segments: Regulated Utilities, International Energy and Commercial Power. The Regulated Utilities segment conducts electric and gas operations primarily through Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana, and the regulated transmission and distribution operations of Duke Energy Ohio. The International Energy segment principally operates and manages power generation facilities and engages in the sales and marketing of electric power, natural gas, and natural gas liquids outside the U.S. The Commercial Power segment owns, operates and manages power plants and engages in the wholesale marketing and procurement of electric power, fuel and emission allowances related to these plants as well as other contractual positions. The company was founded on April 3, 2006 and is headquartered in Charlotte, NC.