The price of Duke Energy Corporation (NYSE:DUK) shares last traded on Wall Street fell -1.33% to $90.75.
Based on available information, 17 analysts follow Duke Energy Corporation (NYSE:DUK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $120.00 and a low of $102.00, we find $109.00. Given the previous closing price of $91.97, this indicates a potential upside of 18.52 percent. DUK stock price is now -6.30% away from the 50-day moving average and -8.73% away from the 200-day moving average. The market capitalization of the company currently stands at $70.16B.
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Among analysts, 10 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $108.85 as their price target over the next twelve months.
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In other news, Renjel Louis E., SVP, External Affairs & Comm sold 1,900 shares of the company’s stock on Feb 13. The stock was sold for $189,812 at an average price of $99.90. Upon completion of the transaction, the SVP, External Affairs & Comm now directly owns 9,967 shares in the company, valued at $0.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, EVP & CCO YOUNG STEVEN K sold 415 shares of the business’s stock. A total of $41,849 was realized by selling the stock at an average price of $100.84. This leaves the insider owning 111,997 shares of the company worth $10.16 million. Insiders disposed of 140,279 shares of company stock worth roughly $12.73 million over the past 1 year. A total of 0.12% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DUK stock. A new stake in Duke Energy Corporation shares was purchased by GREAT LAKES ADVISORS, LLC during the first quarter worth $92,177,000. ZIMMER PARTNERS, LP invested $75,134,000 in shares of DUK during the first quarter. In the first quarter, CUBIST SYSTEMATIC STRATEGIES, LLC acquired a new stake in Duke Energy Corporation valued at approximately $12,107,000. CAPITAL FUND MANAGEMENT S.A. acquired a new stake in DUK for approximately $10,233,000. GREENLAND CAPITAL MANAGEMENT LP purchased a new stake in DUK valued at around $9,088,000 in the second quarter. In total, there are 2,203 active investors with 64.40% ownership of the company’s stock.
A candlestick chart of Duke Energy Corporation (NYSE: DUK) showed a price of $91.55 on Tuesday morning. During the past 12 months, Duke Energy Corporation has had a low of $83.76 and a high of $114.50. As of last week, the company has a debt-to-equity ratio of 1.61, a current ratio of 0.80, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $152.60B, which is based on a 17.81 price-to-earnings ratio, a 3.07 price-to-earnings-growth ratio, and a beta of 0.44. The fifty day moving average price for DUK is $96.79 and a two-hundred day moving average price translates $99.33 for the stock.
The latest earnings results from Duke Energy Corporation (NYSE: DUK) was released for Mar, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $1.2, missing analysts’ expectations of $1.26 by -0.06. This compares to $1.08 EPS in the same period last year. The net profit margin was 8.30% and return on equity was 5.00% for DUK. The company reported revenue of $7.28 billion for the quarter, compared to $7.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.78 percent. For the current quarter, analysts expect DUK to generate $6.56B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/16/2023. Investors who held shares on 05/12/2023 were paid a $1.005 dividend. On an annualized basis, this represents a $4.02 dividend and a 4.43% percent yield. There was an ex-dividend date of 05/11/2023 for this dividend. In terms of dividend payout ratio, DUK is presently at 161.20%.
Duke Energy Corporation(DUK) Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments, Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity. This segment also engages in the wholesale of electricity to municipalities, electric cooperative utilities, and load-serving entities. The GU&I segment distributes natural gas to residential, commercial, industrial, and power generation natural gas customers; and invests in pipeline transmission projects, renewable natural gas projects, and natural gas storage facilities. The company was formerly known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2006. The company was founded in 1904 and is headquartered in Charlotte, North Carolina.
