Analysts’ views and target prices
Analysts seem to be cautious on Duke Energy (DUK) stock. Of the 18 analysts tracking Duke Energy, 11 recommend a “hold,” two recommend a “strong buy,” four recommend a “buy,” and one recommends a “sell.”
Duke Energy stock offers a potential upside of 5% for the next year. Wall Street analysts have given Duke Energy a mean target price of $83.8—compared to its current market price of $80.0.
Peers’ target prices
Southern Company (SO) offers a potential downside of ~1% for the next year. Wall Street analysts have given Southern Company a mean target price of $47.04. Currently, Southern Company is trading at $47.36. SunTrust Robinson Humphrey cut Southern Company’s target price from $49.0 to $48.0 on July 16.
Top utility stock NextEra Energy (NEE) has an estimated stock upside of 3.40% based on analysts’ mean target price of $174.57 and its current price of $168.83. Morgan Stanley raised NextEra Energy’s target price from $176.00 to $181.00 on July 16.
Utilities (XLU) have followed a solid uptrend in the last few weeks amid market turmoil. Some investors have turned to utilities due to their steady stock movement and relatively higher dividend yields. To learn more, read Wall Street Analysts’ Top Five Favorite S&P 500 Utilities Stocks.