Following The Money: Institution’s Growing Stake In Duke Energy Corp. (NYSE: DUK)

Duke Energy Corp. (DUK) concluded trading on Wednesday at a closing price of $116.68, with 3.36 million shares of worth about $392.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.58% during that period and on October 02, 2024 the price saw a gain of about 0.40%. Currently the company’s common shares owned by public are about 771.00M shares, out of which, 770.97M shares are available for trading.

Stock saw a price change of 0.40% in past 5 days and over the past one month there was a price change of 0.77%. Year-to-date (YTD), DUK shares are showing a performance of 20.24% which increased to 36.56% 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 $118.31 during that period. The average intraday trading volume for Duke Energy Corp. shares is 3.06 million. The stock is currently trading 0.24% above its 20-day simple moving average (SMA20), while that difference is up 2.62% for SMA50 and it goes to 14.43% higher than SMA200.

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Duke Energy Corp. (NYSE: DUK) currently have 771.00M outstanding shares and institutions hold larger chunk of about 66.15% of that.

The stock has a current market capitalization of $90.10B and its 3Y-monthly beta is at 0.46. PE ratio of stock for trailing 12 months is 20.97, while it has posted earnings per share of $5.57 in the same period. Its PEG reads 3.15 and has Quick Ratio of 0.53 while making debt-to-equity ratio of 1.68. 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 1.43% while standing at 1.27% over the month.

Stock’s fiscal year EPS is expected to rise by 7.50% while it is estimated to increase by 6.10% in next year. EPS is likely to shrink at an annualized rate of 6.66% for next 5-years, compared to annual growth of 7.61% made by the stock over the past 5-years.

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 Jefferies on September 20, 2024 offering a Buy rating for the stock and assigned a target price of $138 to it. Coverage by BofA Securities stated Duke Energy Corp. (DUK) stock as a Neutral in their note to investors on February 12, 2024, suggesting a price target of $96 for the stock. On January 23, 2024, Evercore ISI Upgrade their recommendations, while on January 10, 2024, RBC Capital Mkts Upgrade their ratings for the stock with a price target of $113. Stock get an Overweight rating from Wells Fargo on November 30, 2023.

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