NEW YORK (TheStreet) -- Shares of Duke Energy (DUK) are climbing 0.48% to $76.09 after analysts at Sanford C. Bernstein upgraded the company to "outperform" from "market perform" and raised their price target to $86 from $81, theflyonthewall.com reports.
"Over the last twelve months, Duke has repositioned its business around its core regulated segment by selling its competitive Midwest fleet and repatriating cash from its international business," analysts said.
Several earnings per share growth drivers for the company include growth in retail and wholesale electricity sales, capital investment project in Florida, Ohio and Indiana, investment in FERC regulated transmission assets, and the repurchase of shares with the proceeds from the sale of Duke's Midwest generation assets.
The North Carolina-based company operates as an energy company through three segments: Regulated Utilities, International Energy, and Commercial Power.
Separately, TheStreet Ratings team rates DUKE ENERGY CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DUKE ENERGY CORP (DUK) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income, expanding profit margins, growth in earnings per share and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."