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DUK

Duke Energy

$76.79

0.2161 (0.28%)

12:59
10/10/16
10/10
12:59
10/10/16
12:59

Duke Energy restores almost 625,000 outages in NC, SC in past 48 hours

Duke Energy said that roughly 1.2M customers were affected by Hurricane Matthew. In the past 48 hours, Duke Energy has restored about 825,000 outages. There are around 430,000 outages remaining, with 308,000 in North Carolina and 122,000 in South Carolina. With almost 7,000 crews making repairs, the company has called for additional assistance and that number could come close to doubling in the next day or so. Help has come from as far away as Canada. "I understand what folks are feeling," said Bobby Simpson, who is overseeing Duke Energy's restoration efforts. "Normally our crews are battling the elements as they're trying to replace poles and transformers and restring circuits. Today the sun was shining as they climbed into their trucks. But they only had to drive a mile or two down the road to be back in the middle of an environmental war zone."

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DUK Duke Energy
$76.79

0.2161 (0.28%)

02/19/16
02/19/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on the today's top five analyst downgrades with this list compiled by The Fly: 1. Best Buy (BBY) downgraded to Neutral at Goldman by analyst Matthew Frassler, who said that the strength in TV sales will be offset by a "sluggish" wireless market. 2. UPL Petroleum (UPL) double downgraded to Sell at KLR Group by analyst John Gerdes, who said the company's debt capitalization is no longer viable. 3. Trinity Industries (TRN) downgraded to Underweight at BB&T by analyst Thomas Albrecht, who expects a decline at the company's earnings outlook. Albrecht estimates tangible book value at $19.35 could attract some value investors, but does not see any catalysts to change the earnings outlook. 4. EP Energy (EPE) downgraded to Hold and Neutral at Topeka and UBS, respectively, with analysts citing balance sheet concerns and mixed Q4 results. Topeka analyst Gabriele Sorbara added that she does not see any near-term catalysts for an improvement in its leverage or outspend position as management may have missed its opportunity to sell/JV assets or issue equity. 5. Duke Energy (DUK) downgraded to Neutral at JPMorgan by analyst Christopher Turnure, who cited the company's "disappointing" core business outlook. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/19/16
WOLF
02/19/16
DOWNGRADE
WOLF
Underperform
Duke Energy downgraded to Underperform from Peer Perform at Wolfe Research
02/22/16
UBSW
02/22/16
NO CHANGE
Target $82
UBSW
Buy
Duke Energy price target raised to $82 from $76 at UBS
UBS raised its price target on Duke Energy to $82 from $76 citing the planned sale of its Latin American assets as well as accretion from the acquisition of Piedmont and a higher multiple than peers due to a lower risk profile. UBS reiterated its Buy rating on Duke Energy shares.
04/06/16
ARGS
04/06/16
DOWNGRADE
ARGS
Hold
Duke Energy downgraded to Hold from Buy at Argus
Argus downgraded Duke Energy to Hold based primarily on valuation.

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