Uncovering Institutional Buying In Duke Energy Corp (NYSE: DUK)

Currently, there are 776.00M common shares owned by the public and among those 774.96M shares have been available to trade.

The company’s stock has a 5-day price change of 1.11% and 3.24% over the past three months. DUK shares are trading 9.24% year to date (YTD), with the 12-month market performance up to 24.58% higher. It has a 12-month low price of $92.75 and touched a high of $121.25 over the same period. DUK has an average intraday trading volume of 3.48 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 1.86%, 4.98%, and 6.08% respectively.

Institutional ownership of Duke Energy Corp (NYSE: DUK) shares accounts for 66.44% of the company’s 776.00M shares outstanding.

It has a market capitalization of $91.39B and a beta (3y monthly) value of 0.39. The stock’s trailing 12-month PE ratio is 20.72, while the earnings-per-share (ttm) stands at $5.68. The company has a PEG of 3.09 and a Quick Ratio of 0.44 with the debt-to-equity ratio at 1.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.91% over the week and 1.93% over the month.

Earnings per share for the fiscal year are expected to increase by 7.15%, and 6.27% over the next financial year. EPS should grow at an annualized rate of 6.71% over the next five years, compared to 2.25% over the past 5-year period.

Mizuho coverage for the Duke Energy Corp (DUK) stock in a research note released on October 15, 2024 offered a Outperform rating with a price target of $121. Jefferies was of a view on September 20, 2024 that the stock is Buy, while BofA Securities gave the stock Neutral rating on February 12, 2024, issuing a price target of $105- $96. Evercore ISI on their part issued Outperform rating on January 23, 2024.

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