Market Momentum Report: Duke Energy Corp. (DUK)’s Positive Close at 102.83

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The price of Duke Energy Corp. (NYSE: DUK) closed at $102.83 in the last session, up 1.87% from day before closing price of $100.94. In other words, the price has increased by $1.87 from its previous closing price. On the day, 3.12 million shares were traded. DUK stock price reached its highest trading level at $102.9 during the session, while it also had its lowest trading level at $100.9.

Ratios:

We take a closer look at DUK’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.78. In the meantime, Its Debt-to-Equity ratio is 1.66 whereas as Long-Term Debt/Eq ratio is at 1.53.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on February 12, 2024, Downgraded its rating to Neutral and sets its target price to $96 from $105 previously.

On January 23, 2024, Evercore ISI Upgraded its rating to Outperform which previously was In-line and also upped its target price recommendation from $90 to $108.

RBC Capital Mkts Upgraded its Sector Perform to Outperform on January 10, 2024, whereas the target price for the stock was revised from $101 to $113.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 15 ’24 when GOOD LYNN J sold 15,000 shares for $103.30 per share. The transaction valued at 1,549,500 led to the insider holds 437,464 shares of the business.

MCKEE E MARIE sold 1,695 shares of DUK for $173,415 on May 14 ’24. The Director now owns 4 shares after completing the transaction at $102.31 per share. On May 09 ’24, another insider, JANSON JULIA S, who serves as the EVP ExtAffairs&PresCarolinas of the company, sold 10,000 shares for $102.79 each. As a result, the insider received 1,027,908 and left with 68,657 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DUK now has a Market Capitalization of 79361007616 and an Enterprise Value of 164273963008. As of this moment, Duke’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.88, and their Forward P/E ratio for the next fiscal year is 16.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.69 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 5.665 whereas that against EBITDA is 11.942.

Stock Price History:

The Beta on a monthly basis for DUK is 0.44, which has changed by 0.10202551 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, DUK has reached a high of $104.87, while it has fallen to a 52-week low of $83.06. The 50-Day Moving Average of the stock is 1.35%, while the 200-Day Moving Average is calculated to be 7.91%.

Shares Statistics:

According to the various share statistics, DUK traded on average about 2.74M shares per day over the past 3-months and 2403590 shares per day over the past 10 days. A total of 771.00M shares are outstanding, with a floating share count of 770.53M. Insiders hold about 0.16% of the company’s shares, while institutions hold 65.69% stake in the company. Shares short for DUK as of 1718323200 were 9912759 with a Short Ratio of 3.61, compared to 1715731200 on 11122584. Therefore, it implies a Short% of Shares Outstanding of 9912759 and a Short% of Float of 1.2899999500000001.

Dividends & Splits

The forward annual dividend rate for DUK is 4.10, which was 4.08 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.040420048The stock’s 5-year Average Dividend Yield is 4.1. The current Payout Ratio is 74.71% for DUK, which recently paid a dividend on 2024-05-16 with an ex-dividend date of 1715817600. Stock splits for the company last occurred on 2012-07-03 when the company split stock in a 1:3 ratio.

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