Duke Energy Corporation (DUK) Looks Ready for Growth Despite -11.78% Change This Year

Duke Energy Corporation (NYSE: DUK) is -11.78% lower on its value in year-to-date trading and has touched a low of $62.13 and a high of $103.79 in the current 52-week trading range. The DUK stock was last observed hovering at around $81.85 in the last trading session, with the day’s loss setting it -1.38% off its average median price target of $91.00 for the next 12 months. It is also 22.63% off the consensus price target high of $104.00 offered by 17 analysts, but current levels are 3.05% higher than the price target low of $83.00 for the same period.

Currently trading at $80.47, the stock is -7.30% and -5.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.67 million and changing -1.69% at the moment leaves the stock -10.61% off its SMA200. DUK registered -10.71% loss for a year compared to 6-month loss of -10.74%. The firm has a 50-day simple moving average (SMA 50) of $84.86 and a 200-day simple moving average (SMA200) of $88.69.

The stock witnessed a -2.83% gain in the last 1 month and extending the period to 3 months gives it a 7.71%, and is -6.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.92% over the week and 2.63% over the month.

Duke Energy Corporation (DUK) has around 28793 employees, a market worth around $61.77B and $24.87B in sales. Current P/E ratio is 15.84 and Fwd P/E is 14.72. Profit margin for the company is 14.90%. Distance from 52-week low is 29.52% and -22.47% from its 52-week high. The company has generated returns on investments over the last 12 months (4.90%).

Duke Energy Corporation (DUK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Duke Energy Corporation (DUK) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.60, where 10 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Duke Energy Corporation is expected to release its quarterly report on 08/06/2020 and quarterly earnings per share for the current quarter are estimated at $1.02 with sales reaching $5.96B over the same period.The EPS is expected to grow by 35.20% this year, but quarterly earnings will post 2.40% year-over-year. Quarterly sales are estimated to grow 1.50% in year-over-year returns.

Duke Energy Corporation (DUK) Top Institutional Holders

1,875 institutions hold shares in Duke Energy Corporation (DUK), with 734.85k shares held by insiders accounting for 0.10% while institutional investors hold 65.36% of the company’s shares. The shares outstanding are 734.00M, and float is at 733.77M with Short Float at 5.20%. Institutions hold 65.29% of the Float.

Duke Energy Corporation (DUK) Insider Activity

A total of 103 insider transactions have happened at Duke Energy Corporation (DUK) in the last six months, with sales accounting for 71 and purchases happening 32 times. The most recent transaction is an insider sale by Jacobs Dwight L., the company’s SVP,Chf Acct Off,Tax,Control. SEC filings show that Jacobs Dwight L. sold 1,500 shares of the company’s common stock on May 26 at a price of $84.11 per share for a total of $0.13 million. Following the sale, the insider now owns 5191.0 shares.

Duke Energy Corporation disclosed in a document filed with the SEC on May 26 that YOUNG STEVEN K (EVP & CFO) sold a total of 253 shares of the company’s common stock. The trade occurred on May 26 and was made at $84.46 per share for $21368.0. Following the transaction, the insider now directly holds 86747.0 shares of the DUK stock.

Still, SEC filings show that on May 14, Sideris Harry K. (SVP, Customer Exp & Services) disposed off 1,285 shares at an average price of $80.42 for $0.1 million. The insider now directly holds 5,396 shares of Duke Energy Corporation (DUK).

Duke Energy Corporation (DUK): Who are the competitors?

The company’s main competitors (and peers) include Ameren Corporation (AEE) that is trading -9.30% down over the past 12 months. Xcel Energy Inc. (XEL) is 4.41% up on the 1-year trading charts. Short interest in the company’s stock has fallen -0.13% from the last report on Apr 29, 2020 to stand at a total of 38.19 million short shares sold with a short interest ratio of 10.57.