The Vanguard Group, Inc. has recently announced that it has increased stake in Duke Energy Corp. (NYSE:DUK) by 0.04%. After grabbing 66.72 million shares, the institutional investor is now in possession of 23961.0 shares of the Utilities Company. The new investment brought the stake of investor firm to 8.66% having worth around $5.93 billion. Moreover, BlackRock Fund Advisors increased its share by 2.11 million to have a control over 44.58 million shares. And Wellington Management Co. LLP raised its holdings to 1.0 million shares by acquiring 23.01 million shares or 2.99% of the stake.
Duke Energy Corp. (DUK) concluded trading on 12/06/23 at a closing price of $93.94, with 3.24 million shares of worth about $304.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.59% during that period and on Wednesday the price saw a gain of about 1.59%. Currently the company’s common shares owned by public are about 770.00M shares, out of which, 769.76M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the DUK stock and their offered price forecasts bring an average price target of $97.81. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $120.00 and could fall to a lowest price of $89.00. The stock’s current price level is 3.96% above of average price target set by the analysts, while a rise to estimated low would result in loss of -5.55% for the stock. However, touching the estimated high of $120.00 would mean a gain of 21.72% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 85 times over the past 12 months. They bought 346,397 shares in 29 of the transactions. In 56 selling transactions, insiders dumped 146,604 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and SPDR Series – Utilities Select Se are the top 3 mutual funds which are holding stakes in Duke Energy Corp. Vanguard Total Stock Market ETF is currently holding 24.14 million shares of worth totaling $2.15 billion. The company recently came buying 0.12 million shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard 500 Index Fund bought 87505.0 shares, after which its hold over company’s outstanding shares expand to 2.42%, leaving 18.61 million shares with the mutual fund that have a worth of about $1.65 billion. SPDR Series – Utilities Select Se, after selling 11.57 million shares, have now control over 1.50% of the stake in the company. It holds 15720.0 shares of worth $1.03 billion.
Duke Energy Corp. (NYSE: DUK) started trading at $92.85, above $0.38 from concluding price of the previous day. However, the stock later moved at a day high price of 93.96, or with a gain of 1.59%. Stock saw a price change of 3.56% in past 5 days and over the past one month there was a price change of 4.70%. Year-to-date (YTD), DUK shares are showing a performance of -8.79% which decreased to -5.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $83.06 but also hit the highest price of $106.43 during that period. The average intraday trading volume for Duke Energy Corp. shares is 3.50 million. The stock is currently trading 4.16% above its 20-day simple moving average (SMA20), while that difference is up 5.50% for SMA50 and it goes to 1.66% higher than SMA200.
The Vanguard Group, Inc. acquired 66.72 million shares of Duke Energy Corp. having value of about $5.93 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 23961.0 shares in the company valued at close to $2250896.34, or have control over 0.04% stake in the company. Duke Energy Corp. (NYSE: DUK) currently have 770.00M outstanding shares and institutions hold larger chunk of about 65.14% of that. Holding of mutual funds in the company is about 29.95% while other institutional holders and individual stake holders have control over 35.33% and 0.36% of the stake respectively.
The stock has a current market capitalization of $72.40B and its 3Y-monthly beta is at 0.46. PE ratio of stock for trailing 12 months is 59.69, while it has posted earnings per share of $1.57 in the same period. Its PEG reads 9.11 and has Quick Ratio of 0.52 while making debt-to-equity ratio of 1.62. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DUK, volatility over the week remained 1.30% while standing at 1.41% over the month.
Analysts are in expectations that Duke Energy Corp. (DUK) stock would likely to be making an EPS of $1.53 in the current quarter, while forecast for next quarter EPS is $1.2 and it is $5.97 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.48 which is $1.55 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.23% while it is estimated to increase by 6.62% in next year. EPS is likely to grow at an annualized rate of 6.55% for next 5-years, compared to annual growth of -6.20% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the Duke Energy Corp. (DUK)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.25. Out of those 20 Wall Street analysts, 7 recommended a “Buy” rating, while 12 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on November 30, 2023 offering an Overweight rating for the stock and assigned a target price range of between $94 and $103 to it.
