Duke Energy (DUK) stock is expected to see a flat to negative movement going forward, given analysts’ mean price target. According to Wall Street analyst estimates, Duke has a mean price target of $87.61 against its current market price of $87.99.
Among the total 17 analysts tracking Duke Energy, 11 analysts recommend the stock as a “hold” while one analyst rates the stock as a “strong buy” and two rate it as a “buy.” One analyst rates the stock as a “sell” while two recommend it as a “strong sell.”
SunTrust Robinson raised Duke Energy’s price target from $88.0 to $89.0 on October 23.
Though analysts’ price target indicates a flattish movement of Duke Energy ahead, its stronger dividend profile and earnings stability make it stand taller among peer utilities. Duke Energy’s premium valuation might be behind analysts’ cautious approach, though.
For more about Duke Energy, see How Duke Energy Is Positioned for the Future Compared to Its Peers.
Peer price targets
Duke Energy’s smaller peer Xcel Energy (XEL) has a mean price target of $48.73 against its current market price of $49.46. This price indicates an estimated fall of 1.3% going forward. SunTrust Robinson raised Xcel Energy’s price target from $46 to $47 on October 23.
PPL Corporation (PPL) has a mean price target of $39.79 against its current market price of $37.92, which shows an estimated gain of nearly 5% going forward.
If you’re looking for the top-yielding S&P 500 Utilities (XLU), see Sector Scan: The 10 Top-Yielding SPX Utility Stocks.