Duke Energy Corp. (NYSE:DUK) finished Friday with a subtraction of -$0.42 to close at $88.26, a downside of -0.47 percent. An average of 3,496,360 shares of common stock have been traded in the last five days. There was a fall of -$5.07 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 3,852,305 shares traded, while the 50-day average volume stands at 3,194,242.
DUK stock has decreased by -1.88% in the last month. The company shares reached their 1-month lowest point of $86.04 on 09/05/23. With the stock rallying to its 52-week high on 01/09/23, shares of the company touched a low of $83.76 and a high of $106.43 in 52 weeks. It has reached a new high 4 times so far this year and lost -14.30% or -$14.73 in price. In spite of this, the price is down -17.07% from the 52-week high.
Insider Transactions
DUK stock investors should be aware that Duke Energy Corp. (DUK) stock had its last reported insider trading activity 44 days ago on Aug 17. In this transaction, the insider spent $162,542. EVP, CLO & Corp Sec, Ghartey-Tagoe Kodwo, disposed of 2,500 shares at a price of $91.43 on Aug 16. The insider now owns more than $228,575 worth of shares. Prior to that, SVP, External Affairs & Comm Renjel Louis E. went on to Sale 1,900 shares at $99.90 each on Feb 13. An amount of $189,812 was transacted.
Valuation Metrics
Duke Energy Corp. (DUK) has a trailing price-to-earnings (P/E) ratio of 49.13. The stock’s beta is 0.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.33, the price-to-book (PB) ratio at 1.47.
The company has a payout ratio of 125.39%. The company’s most recent quarterly dividend payment was $1.0250 a share, representing a up of 1.99% from $1.0050 last year. Its latest increase dividend $0.02 reported on Thursday July 13 2023.
Financial Health
The quick ratio of Duke Energy Corp. for the three months ended June 29 was 0.52, and the current ratio was 0.75, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.46 and a total debt to equity ratio of 1.63 for the quarter ending June 29. Its gross profit as reported stood at $6.01 billion compared to revenue of $28.77 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Duke Energy Corp.’s return on assets was 2.22%.
Earnings Surprise
For the three-month period that ended June 29, Duke Energy Corp. had $69.91 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$234.0 million in the quarter, while revenues were grew 481.62%. The analyst consensus anticipated Duke Energy Corp.’s latest quarter earnings to come in at $0.98 per share, but it turned out to be $0.91, a -7.10% surprise. For the quarter, EBITDA amounted to $3.0 billion. Shareholders own equity worth $770.71 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Duke Energy Corp. (DUK) price momentum. RSI 9-day as of the close on 29 September was 27.47%, suggesting the stock is oversold, with historical volatility in this time frame at 11.71%.
As of today, DUK’s price is $90.29 -5.43% or -$5.07 from its 5-day moving average. DUK is currently trading -0.61% lower than its 20-day SMA and -10.76% lower than its 100-day SMA. However, the stock’s current price level is -5.30% below the SMA50 and -13.74% below the SMA200.
The stochastic %K and %D were 7.45% and 21.95%, respectively, and the average true range (ATR) was 1.80. With the 14-day stochastic at 7.46% and the average true range at 1.74, the RSI (14) stands at 35.75%. The stock has reached -2.81 on the 9-day MACD Oscillator while the 14-day reading was at -3.70.
Analyst Ratings
Barclays launched coverage on Duke Energy Corp. (NYSE: DUK) in its analyst report released on August 23, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Duke Energy Corp. (DUK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DUK, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 4 others rate it as a “buy”.
What is DUK’s price target for the next 12 months?
Analysts predict a range of price targets between $91.00 and $109.00, with a median target of $98.00. Taking a look at these predictions, the average price target given by analysts for Duke Energy Corp. (DUK) stock is $98.86.
