The stock of Duke Energy Corporation (NYSE:DUK) increased by $0.27 on Tuesday to finish at $90.29, up 0.30 percent. The last five days have seen an average of 2,278,160 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$12.70. The average number of shares traded over the last 20 days was 2,837,665, while the average volume over the last 50 days totaled 2,638,760.
DUK stock dropped -3.56% since last month. On 08/04/23, the company’s shares reached a one-month low of $88.92. The stock touched a high of $111.26 on 01/09/23, after rallying from a low of $83.76 in 52 weeks. The price of DUK stock has declined by -12.33% or -$12.70 this year, reaching a new high 4 times. Still, the stock price is down -18.85% from the 52-week high.
Insider Transactions
DUK stock investors should be aware that Duke Energy Corporation (DUK) stock had its last reported insider trading activity 13 days ago on Aug 17. On Aug 17, Director MCKEE E MARIE sold 1,785 shares at $91.06 each. This transaction resulted in the insider making $162,542. On Aug 16, Ghartey-Tagoe Kodwo sold 2,500 shares at a price of US$91.43. After the transaction, the insider now owns 24,710 shares. SVP, External Affairs & Comm Renjel Louis E. had earlier sold 1,900 shares on Feb 13 for $99.90 a share. The transaction was completed for $189,812.
Valuation Metrics
Duke Energy Corporation (DUK) has a trailing price-to-earnings (P/E) ratio of 18.54. Beta for the stock is 0.43. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.40, the price-to-book (PB) ratio of 1.50.
Company paid $1.0250 per share in dividends, an increase of 1.99% from $1.0050 last year. A $0.02 dividend increase was reported on Thursday July 13 2023.
Financial Health
For the three months ended June 29, Duke Energy Corporation’s quick ratio was 0.50, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.51, and the total debt to equity ratio is 1.68. As far as profitability goes, gross margin for the trailing twelve months is 63.90% percent. Duke Energy Corporation’s EBITDA margin for the year ended June 29 was 40.01%, whereas its operating margin stood at 22.30% for the same period. Based on annual data, it had gross profit of $6.01 billion and revenue of $28.77 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DUK’s return on assets (ROA) during the last 12 months has been 0.70%. There was a 4.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.70%.
Earnings Surprise
According to Duke Energy Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.58 billion, while revenues fell by -1.63% to $7.28 billion. It was predicted that Duke Energy Corporation’s quarterly earnings would be $0.91, but it ended up being $0.98, beating the consensus by -7.10%. EBITDA was $3.0 billion for the quarter. At the end of Duke Energy Corporation’s most recent quarter ended June 29, its liabilities totaled 129.0 billion, while its total debt was $78.82 billion. Equity owned by shareholders amounts to $770.71 million.
Technical Picture
Here’s a quick look at Duke Energy Corporation’s (DUK) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 44.12%, suggesting the stock is Neutral, with a 12.89% historical volatility rate.
The stochastic %K and %D were 25.11% and 24.71% respectively, while the average true range (ATR) was 1.37. Based on the 14-day stochastic reading of 24.97%, the RSI (14) reading is 45.01%. On the 9-day MACD Oscillator, the stock is at 0.04, and the 14-day reading is at -0.77.
Analyst Ratings
In its analyst report released on August 23, 2023, Barclays began covering Duke Energy Corporation (NYSE: DUK). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Duke Energy Corporation (DUK) an Overweight rating. DUK is a stock that is recommended for selling by 0 brokerage firms, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 6 others recommend it as a buy.
What is DUK’s price target for the next 12 months?
The current consensus forecast for the stock is between $91.00 and $120.00, with a median target price of $98.00. In analyzing these forecasts, the average price target given by analysts for Duke Energy Corporation (DUK) is $100.53.
