Goldman Sachs Remains a Buy on Duke Energy (DUK)
In a report released today, Carly Davenport from Goldman Sachs maintained a Buy rating on Duke Energy, with a price target of $145.00.
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According to TipRanks, Davenport is a 3-star analyst with an average return of 2.9% and a 60.00% success rate. Davenport covers the Utilities sector, focusing on stocks such as Duke Energy, Ameren, and Eversource Energy.
In addition to Goldman Sachs, Duke Energy also received a Buy from Truist Financial’s Richard Sunderland in a report issued on May 18. However, on May 15, Wells Fargo maintained a Hold rating on Duke Energy (NYSE: DUK).
Based on Duke Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $9.18 billion and a net profit of $1.55 billion. In comparison, last year the company earned a revenue of $8.25 billion and had a net profit of $1.38 billion
Based on the recent corporate insider activity of 86 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. Earlier this month, Louis E. Renjel, the EVP&CEO DEF&MW&ChiefCorpAffOff of DUK sold 3,500.00 shares for a total of $438,025.00.
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