Stocks of Duke Energy Corp. (NYSE:DUK) traded higher last session on Wall Street, down -0.47% to $95.05.
DUK stock price is now 0.25% away from the 50-day moving average and 3.23% away from the 200-day moving average. The market capitalization of the company currently stands at $73.27B.
With the price target reduced from $105 to $96, BofA Securities Downgraded its rating from Buy to Neutral for Duke Energy Corp. (NYSE: DUK). On January 23, 2024, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $90 to quote $108, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, Renjel Louis E., EVP, External Affairs & Comm sold 3,000 shares of the company’s stock on Feb 12 ’24. The stock was sold for $277,707 at an average price of $92.57. Upon completion of the transaction, the EVP, External Affairs & Comm now directly owns 14,213 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’23, EVP, CLO & Corp Sec Ghartey-Tagoe Kodwo sold 2,500 shares of the business’s stock. A total of $224,400 was realized by selling the stock at an average price of $89.76. This leaves the insider owning 22,210 shares of the company worth $2.11 million. A total of 0.16% 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 $100.39. As of last week, the company has a debt-to-equity ratio of 1.64, a current ratio of 0.74, and a quick ratio of 0.49. According to the stock market information, the enterprise value for the company is $155.43B, which is based on a 25.77 price-to-earnings ratio, a 3.78 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for DUK is $94.76 and a two-hundred day moving average price translates $92.11 for the stock.
The latest earnings results from Duke Energy Corp. (NYSE: DUK) was released for Dec, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $1.51, missing analysts’ expectations of $1.54 by -0.03. This compares to -$0.86 EPS in the same period last year. The net profit margin was 9.78% and return on equity was 8.67% for DUK. The company reported revenue of $7.21 billion for the quarter, compared to $7.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.89 percent. For the current quarter, analysts expect DUK to generate $6.85B in revenue.
