The stock of Duke Energy Corp. (NYSE:DUK) last traded at $98.31, up 0.23% from the previous session.
DUK stock price is now 9.38% away from the 50-day moving average and 6.43% away from the 200-day moving average. The market capitalization of the company currently stands at $75.77B.
With the price target enhanced from $94 to $103, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Duke Energy Corp. (NYSE: DUK).
In other news, Ghartey-Tagoe Kodwo, EVP, CLO & Corp Sec sold 2,500 shares of the company’s stock on Nov 21. The stock was sold for $224,400 at an average price of $89.76. Upon completion of the transaction, the EVP, CLO & Corp Sec now directly owns 22,210 shares in the company, valued at $2.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, Director MCKEE E MARIE sold 1,785 shares of the business’s stock. A total of $162,542 was realized by selling the stock at an average price of $91.06. Insiders disposed of 146,604 shares of company stock worth roughly $14.41 million over the past 1 year. A total of 0.12% of the company’s stock is owned by insiders.
During the past 12 months, Duke Energy Corp. has had a low of $83.06 and a high of $106.43. As of last week, the company has a debt-to-equity ratio of 1.62, a current ratio of 0.76, and a quick ratio of 0.52. According to the stock market information, the enterprise value for the company is $156.84B, which is based on a 62.47 price-to-earnings ratio, a 10.08 price-to-earnings-growth ratio, and a beta of 0.47. The fifty day moving average price for DUK is $89.88 and a two-hundred day moving average price translates $92.37 for the stock.
The latest earnings results from Duke Energy Corp. (NYSE: DUK) was released for Sep, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $1.94, beating analysts’ expectations of $1.92 by 0.02. This compares to $1.81 EPS in the same period last year. The net profit margin was 4.15% and return on equity was 7.88% for DUK. The company reported revenue of $7.99 billion for the quarter, compared to $7.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.94 percent. For the current quarter, analysts expect DUK to generate $7.64B in revenue.
Duke Energy Corp.(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.
