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How Does Wall Street View Duke Energy?

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Wall Street analysts and Duke Energy

As of September 20, Reuters has compiled data from 19 analysts tracking Duke Energy (DUK) stock. Two of them have recommended a “strong buy,” and five have rated it a “buy.” One analyst has recommended a “sell.” The rest of them have recommended a “hold.”

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Duke Energy’s price target

On September 20, Duke Energy closed at $80.62. The mean price target for the stock in the next year is $85.10, an upside of 5.6% from its current level.

On September 11, Morgan Stanley raised its target price for DUK to $91 from $86. Since then, DUK stock has fallen 0.9%.

Recommendations for peers

Based on Wall Street analysts’ mean price target for the next 12 months, Southern Company (SO) could rise 5.9% from its last closing price, while American Electric Power Company (AEP) could have an upside potential of 7.1%.

NextEra Energy (NEE) could see an upside of 5.7% based on analysts’ mean price target. NEE makes up ~11.5% of the Utilities Select Sector SPDR ETF (XLU) and has the highest weight of any utility stock in the fund.

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