J.P. Morgan Sticks to Their Hold Rating for Duke Energy (DUK)

In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Hold rating on Duke Energy (DUK – Research Report), with a price target of $122.00. The company’s shares closed yesterday at $120.60.

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According to TipRanks, Tonet is a 5-star analyst with an average return of 6.8% and a 54.67% success rate. Tonet covers the Energy sector, focusing on stocks such as DT Midstream, Oneok, and Pembina Pipeline.

In addition to J.P. Morgan, Duke Energy also received a Hold from Bank of America Securities’s Ross Fowler in a report issued on April 1. However, on April 10, BMO Capital maintained a Buy rating on Duke Energy (NYSE: DUK).

DUK market cap is currently $93.71B and has a P/E ratio of 21.22.

Based on the recent corporate insider activity of 74 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. Last month, Kodwo Ghartey-Tagoe, the EVP, CLO & Corp Sec of DUK sold 9,007.00 shares for a total of $1,054,719.70.