Duke Energy Corp. [NYSE: DUK] jumped around 0.3 points on Wednesday, while shares priced at $95.83 at the close of the session, up 0.31%. The company report on January 31, 2024 at 3:11 PM that Duke Energy provides resource plan update to South Carolina regulators that reflects state’s booming population, economy.
Palmetto State’s population grew faster than anywhere in the nation in 2023.
Company continues to pursue ‘all of the above’ generation strategy, which provides diverse energy sources to meet state’s growing electricity demand.
Compared to the average trading volume of 3.31M shares, DUK reached a trading volume of 3677027 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Duke Energy Corp. [DUK]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DUK shares is $103.87 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 2.05. 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.
Evercore ISI have made an estimate for Duke Energy Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 23, 2024.
The Average True Range (ATR) for Duke Energy Corp. is set at 1.42, with the Price to Sales ratio for DUK stock in the period of the last 12 months amounting to 2.53. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 0.48.
How has DUK stock performed recently?
Duke Energy Corp. [DUK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.36. With this latest performance, DUK shares dropped by -1.25% in over the last four-week period, additionally plugging by 3.99% over the last 6 months – not to mention a drop of -5.72% 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 48.28, with the RSI for the last a single of trading hit 46.16, and the three-weeks RSI is set at 50.72 for Duke Energy Corp. [DUK]. The present Moving Average for the last 50 days of trading for this stock 95.34, while it was recorded at 95.75 for the last single week of trading, and 92.55 for the last 200 days.
Duke Energy Corp. [DUK]: Deeper insight into the fundamentals
Duke Energy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.52 and a Current Ratio set at 0.76.
Earnings analysis for Duke Energy Corp. [DUK]
With the latest financial reports released by the company, Duke Energy Corp. posted 1.11/share EPS, while the average EPS was predicted by analysts to be reported at 1.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.70%. 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 Corp. go to 6.55%.
Insider trade positions for Duke Energy Corp. [DUK]
The top three institutional holders of DUK stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in DUK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in DUK stock with ownership which is approximately 5.8325%.
