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Duke Energy: Analysts’ Recommendations before Its Q1 Results

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Analysts’ target price

Duke Energy (DUK) stock offers a potential upside of 2.6% for the next 12 months based on analysts’ mean target price of $92.2. Currently, Duke Energy is trading at $89.9. Many utility stocks offer a trivial upside due to their recent rally.

Among the 18 analysts covering Duke Energy stock, 13 recommended a “hold,” one recommended a “strong buy,” three recommended a “buy,” and one recommended a “sell.”

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Duke Energy declared a quarterly dividend of $0.9275 per share—in line with its previous quarterly dividend. The dividend will be paid to shareholders on record as of May 17. Duke Energy yields 4.2%, which is notably higher than utilities at large.

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Peers’ target prices

NextEra Energy (NEE) stock offers a target price of $197.4—compared to its current market price of $190.9. The target price implies an estimated upside of 3.4% for the last 12 months.

Among the 17 analysts tracking NextEra Energy, nine recommended a “buy,” five recommended a “strong buy,” and three recommended a “hold.” None of the analysts have recommended the stock as a “sell” in the past year.

To learn how utility stocks (XLU) performed recently and where they might go in the near future, read How Utility Stocks Fared Last Week.

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