Growing Through Challenges? – Duke Energy Corp. (DUK)

Currently, there are 771.00M common shares owned by the public and among those 770.53M shares have been available to trade.

The company’s stock has a 5-day price change of 2.75% and 12.45% over the past three months. DUK shares are trading 16.36% year to date (YTD), with the 12-month market performance up to 26.22% higher. It has a 12-month low price of $83.06 and touched a high of $116.67 over the same period. DUK has an average intraday trading volume of 2.85 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.99%, 8.76%, and 16.30% respectively.

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Institutional ownership of Duke Energy Corp. (NYSE: DUK) shares accounts for 66.85% of the company’s 771.00M shares outstanding.

It has a market capitalization of $87.15B and a beta (3y monthly) value of 0.44. The stock’s trailing 12-month PE ratio is 27.32, while the earnings-per-share (ttm) stands at $4.13. The company has a PEG of 4.10 and a Quick Ratio of 0.50 with the debt-to-equity ratio at 1.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.00% over the week and 1.94% over the month.

Analysts forecast that Duke Energy Corp. (DUK) will achieve an EPS of 1.02 for the current quarter, 1.98 for the next quarter and 6.32 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.99 while analysts give the company a high EPS estimate of 0.99. Comparatively, EPS for the current quarter was 0.91 a year ago. Earnings per share for the fiscal year are expected to increase by 7.39%, and 5.91% over the next financial year. EPS should shrink at an annualized rate of 6.66% over the next five years, compared to 7.61% over the past 5-year period.

Looking at the support for the DUK, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on February 12, 2024, with the firm’s price target at $105-$96. Evercore ISI coverage for the Duke Energy Corp. (DUK) stock in a research note released on January 23, 2024 offered a Outperform rating with a price target of $108. RBC Capital Mkts was of a view on January 10, 2024 that the stock is Outperform, while Wells Fargo gave the stock Overweight rating on November 30, 2023, issuing a price target of $94- $103. Barclays on their part issued Overweight rating on August 23, 2023.

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