SunTrust Robinson Humphrey Maintains Duke Energy Corp to Neutral with Price Target $80.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Duke Energy Corp(NYSE:DUK). In a research note issued to the investors, the brokerage major Lowers the price-target to $80.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Sep 12, 2016.

In a different note, On Aug 29, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Duke Energy Corp. In the research note, the firm Lowers the price-target to $83.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 1, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Duke Energy Corp. In the research note, the firm Lowers the price-target to $87.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 20, 2016, Citigroup said it Maintains its rating on Duke Energy Corp. In the research note, the firm Raises the price-target to $72.00 per share. The shares have been rated ‘Neutral’ by the firm.

Duke Energy Corp (DUK) shares turned negative on Tuesdays trading session with the shares closing down -0.29 points or -0.36% at a volume of 23,99,704. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $80.8399. The peak price level was also seen at $80.8399 while the days lowest was $80.17. Finally the shares closed at $80.17. The 52-week high of the shares is $87.75 while the 52-week low is $65.5. According to the latest information available, the market cap of the company is $55,232 M.

Duke Energy Corp(DUK) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.48B. Analysts had an estimated revenue of $5.66B. Earnings per share were $1.07. Analysts had estimated an EPS of $1.01.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Douglas F Esamann (EVP & Pres Midwest & Florida) sold 3,000 shares at $84.58 per share price.Also, On May 24, 2016, E Marie Mckee (director) sold 1,558 shares at $76.66 per share price.On Mar 2, 2016, Brian D Savoy (SVP,Controller,Chief Acct Off) sold 500 shares at $74.84 per share price, according to the Form-4 filing with the securities and exchange commission.

Duke Energy Corporation is an energy company. Duke Energy conducts its operations in three business segments: Regulated Utilities International Energy and Commercial Power. The Company’s Regulated Utilities segment conducts operations primarily through Duke Energy Carolinas Duke Energy Progress Duke Energy Florida Duke Energy Indiana and Duke Energy Ohio. The Company’s International Energy segment principally operates and manages power generation facilities and engages in sales and marketing of electric power natural gas and natural gas liquids outside the United States. The Company’s Commercial Power builds develops and operates wind and solar renewable generation and energy transmission projects throughout the continental United States. Duke Energy operates in the United States and Latin America primarily through its direct and indirect subsidiaries.

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