Duke Energy Corp. [DUK] stock is trading at $103.02, up 0.63%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DUK shares have gain 3.74% over the last week, with a monthly amount glided 7.98%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Duke Energy Corp. [NYSE: DUK] stock has seen the most recent analyst activity on February 12, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $96 from $105. Previously, Evercore ISI upgraded its rating to Outperform on January 23, 2024, and elevated its price target to $108. On January 10, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $113 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $103 on November 30, 2023. Barclays initiated its recommendation with a Overweight and recommended $96 as its price target on August 23, 2023. Goldman started tracking with a Neutral rating for this stock on June 08, 2023, and assigned it a price target of $99. In a note dated March 17, 2023, Seaport Research Partners upgraded an Neutral rating on this stock.
Duke Energy Corp. [DUK] stock has fluctuated between $83.06 and $102.64 over the past year. Currently, Wall Street analysts expect the stock to reach $107.11 within the next 12 months. Duke Energy Corp. [NYSE: DUK] shares were valued at $103.02 at the most recent close of the market. An investor can expect a potential return of 3.97% based on the average DUK price forecast.
Analyzing the DUK fundamentals
Duke Energy Corp. [NYSE:DUK] reported sales of 29.45B for the trailing twelve months, which represents a growth of 5.43%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 102.33 points at the first support level, and at 101.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.38, and for the 2nd resistance point, it is at 103.74.
Duke Energy Corp. [DUK] reported earnings per share of $1.44 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.38/share, meaning a difference of $0.06 and a surprise factor of 4.30%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.51 per share as compared to estimates of $1.54 per share, a difference of -$0.03 representing a surprise of -1.90%.
Ratios To Look Out For
For context, Duke Energy Corp.’s Current Ratio is 0.78. As well, the Quick Ratio is 0.50, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 2.70, the price to book ratio is 1.67 and price to earnings (TTM) ratio is 24.92.
Transactions by insiders
Recent insider trading involved Renjel Louis E., EVP, External Affairs & Comm, that happened on Feb 12 ’24 when 3000.0 shares were sold. EVP, CLO & Corp Sec, Ghartey-Tagoe Kodwo completed a deal on Nov 21 ’23 to sell 2500.0 shares. Meanwhile, Director MCKEE E MARIE sold 1785.0 shares on Aug 17 ’23.
