Duke Energy Corporation [NYSE: DUK] loss -0.27% on the last trading session, reaching $99.14 price per share at the time. The company report on April 13, 2023 that Duke Energy Florida adds 150 megawatts of clean, renewable energy to the grid; completes two new solar sites as part of company’s community solar program.
At peak output, each site will generate enough carbon-free electricity to power nearly 23,000 homes.
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Income-qualified customers who are enrolled in the community solar program will see guaranteed savings on their bill every month.
Duke Energy Corporation represents 770.00 million in outstanding shares, while the company has a total market value of $75.71 billion with the latest information. DUK stock price has been found in the range of $97.09 to $99.32.
If compared to the average trading volume of 3.15M shares, DUK reached a trading volume of 3211276 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $107.08 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 Neutral, with their previous recommendation back on March 17, 2023. The new note on the price target was released on November 21, 2022, representing the official price target for Duke Energy Corporation stock. Previously, the target price had yet another raise from $112 to $114, while Credit Suisse kept a Neutral rating on DUK stock. On June 30, 2022, analysts decreased their price target for DUK shares from 122 to 112.
The Average True Range (ATR) for Duke Energy Corporation is set at 1.85, with the Price to Sales ratio for DUK stock in the period of the last 12 months amounting to 2.63. The Price to Book ratio for the last quarter was 1.61, with the Price to Cash per share for the same quarter was set at 0.54.
Trading performance analysis for DUK stock
Duke Energy Corporation [DUK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.30. With this latest performance, DUK shares gained by 4.26% in over the last four-week period, additionally plugging by 10.73% over the last 6 months – not to mention a drop of -13.21% 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 58.50, with the RSI for the last a single of trading hit 62.83, and the three-weeks RSI is set at 55.36 for Duke Energy Corporation [DUK]. The present Moving Average for the last 50 days of trading for this stock 96.95, while it was recorded at 99.35 for the last single week of trading, and 100.76 for the last 200 days.
Duke Energy Corporation [DUK]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Duke Energy Corporation [DUK] shares currently have an operating margin of +22.33 and a Gross Margin at +27.43. Duke Energy Corporation’s Net Margin is presently recorded at +13.46.
Return on Total Capital for DUK is now 5.19, given the latest momentum, and Return on Invested Capital for the company is 3.40. Return on Equity for this stock inclined to 7.85, with Return on Assets sitting at 2.17. When it comes to the capital structure of this company, Duke Energy Corporation [DUK] has a Total Debt to Total Equity ratio set at 154.54. Additionally, DUK Total Debt to Total Capital is recorded at 60.71, with Total Debt to Total Assets ending up at 41.57. Long-Term Debt to Equity for the company is recorded at 143.45, with the Long-Term Debt to Total Capital now at 54.11.
Reflecting on the efficiency of the workforce at the company, Duke Energy Corporation [DUK] managed to generate an average of $139,022 per employee. Receivables Turnover for the company is 7.17 with a Total Asset Turnover recorded at a value of 0.16.Duke Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.70.
Duke Energy Corporation [DUK]: An earnings per share (EPS) analysis
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 5.30%.
An analysis of insider ownership at Duke Energy Corporation [DUK]
There are presently around $49,241 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 70,510,251, which is approximately -0.056% of the company’s market cap and around 0.12% of the total institutional ownership; BLACKROCK INC., holding 59,701,585 shares of the stock with an approximate value of $5.93 billion in DUK stocks shares; and STATE STREET CORP, currently with $4.37 billion in DUK stock with ownership of nearly -2.57% of the company’s market capitalization.
Positions in Duke Energy Corporation stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 978 institutional holders increased their position in Duke Energy Corporation [NYSE:DUK] by around 30,594,440 shares. Additionally, 717 investors decreased positions by around 23,255,066 shares, while 255 investors held positions by with 441,481,799 shares. The mentioned changes placed institutional holdings at 495,331,305 shares, according to the latest SEC report filing. DUK stock had 183 new institutional investments in for a total of 2,475,519 shares, while 110 institutional investors sold positions of 2,850,369 shares during the same period.