Duke Energy Corporation [NYSE: DUK] stock went on a downward path that fall over -0.49% on Thursday, amounting to a one-week price increase of more than 0.69%. The company report on February 2, 2023 that Duke Energy named one of the ‘World’s Most Admired Companies’ for sixth consecutive year.
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After a year where the company made outstanding progress executing its strategy, strengthening its clean energy commitments, and responding effectively to the urgency of external events, Duke Energy (NYSE: DUK) has been named one of the World’s Most Admired Companies by Fortune Magazine for the sixth year in a row. Duke Energy moved up four spots and was ranked 4th among gas and electric utilities.
“This recognition reflects the dedication of over 27,000 employees who execute on our strategy every day to provide clean, reliable, and affordable energy for our customers,” said Lynn Good, Duke Energy chair, president and CEO. “We’re leading the industry’s most ambitious clean energy transformation and continuing to make progress on our mission.”.
Over the last 12 months, DUK stock dropped by -1.36%. The one-year Duke Energy Corporation stock forecast points to a potential upside of 6.22. The average equity rating for DUK stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $78.39 billion, with 770.00 million shares outstanding and 769.27 million shares in the current float. Compared to the average trading volume of 3.04M shares, DUK stock reached a trading volume of 3796129 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Duke Energy Corporation [DUK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DUK shares is $108.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DUK stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Seaport Research Partners have made an estimate for Duke Energy Corporation shares, keeping their opinion on the stock as Sell, with their previous recommendation back on November 21, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $112 to $114. The new note on the price target was released on August 05, 2022, representing the official price target for Duke Energy Corporation stock. Previously, the target price had yet another drop from $122 to $112, while UBS kept a Neutral rating on DUK stock.
The Average True Range (ATR) for Duke Energy Corporation is set at 1.66, with the Price to Sales ratio for DUK stock in the period of the last 12 months amounting to 2.80. The Price to Book ratio for the last quarter was 1.62, with the Price to Cash per share for the same quarter was set at 0.59.
DUK Stock Performance Analysis:
Duke Energy Corporation [DUK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.69. With this latest performance, DUK shares dropped by -1.60% in over the last four-week period, additionally sinking by -7.92% over the last 6 months – not to mention a drop of -1.36% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DUK stock in for the last two-week period is set at 48.48, with the RSI for the last a single of trading hit 45.79, and the three-weeks RSI is set at 50.73 for Duke Energy Corporation [DUK]. The present Moving Average for the last 50 days of trading for this stock 101.81, while it was recorded at 102.05 for the last single week of trading, and 103.76 for the last 200 days.
Insight into Duke Energy Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Duke Energy Corporation [DUK] shares currently have an operating margin of +22.78 and a Gross Margin at +28.31. Duke Energy Corporation’s Net Margin is presently recorded at +15.54.
Return on Equity for this stock inclined to 8.02, with Return on Assets sitting at 2.28.
Duke Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.80.
DUK Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DUK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Duke Energy Corporation go to 5.65%.
Duke Energy Corporation [DUK] Insider Position Details
There are presently around $50,188 million, or 64.40% of DUK stock, in the hands of institutional investors. The top three institutional holders of DUK stocks are: VANGUARD GROUP INC with ownership of 70,549,902, which is approximately 1.489% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 54,910,595 shares of the stock with an approximate value of $5.6 billion in DUK stocks shares; and STATE STREET CORP, currently with $4.61 billion in DUK stock with ownership of nearly 1.841% of the company’s market capitalization.
Positions in Duke Energy Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 936 institutional holders increased their position in Duke Energy Corporation [NYSE:DUK] by around 17,936,741 shares. Additionally, 720 investors decreased positions by around 18,465,126 shares, while 270 investors held positions by with 455,443,536 shares. The mentioned changes placed institutional holdings at 491,845,403 shares, according to the latest SEC report filing. DUK stock had 136 new institutional investments in for a total of 2,522,186 shares, while 117 institutional investors sold positions of 1,696,830 shares during the same period.