Duke Energy Corp Gets a Buy Rating from RBC Capital

By Carrie Williams

In a report released today, Shelby Tucker from RBC Capital reiterated a Buy rating on Duke Energy Corp (NYSE: DUK), with a price target of $90. The company’s shares opened today at $77.

According to TipRanks.com, Tucker is a 4-star analyst with an average return of 5.4% and a 68.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Chesapeake Utilities Corp, and Public Service Enterprise.

Duke Energy Corp has an analyst consensus of Moderate Buy, with a price target consensus of $85.

Based on Duke Energy Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $5.8 billion and quarterly net profit of $703 million. In comparison, last year the company earned revenue of $4.82 billion and had a GAAP net loss of $227 million.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DUK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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: Regulated Utilities, International Energy, and Commercial Portfolio.