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Why should you keep an eye on Duke Energy Corporation (DUK)?

Duke Energy Corporation (NYSE: DUK) is 5.87% higher on its value in year-to-date trading and has touched a low of $75.58 and a high of $98.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DUK stock was last observed hovering at around $96.28 in the last trading session, with the day’s gains setting it 0.65% off its average median price target of $100.00 for the next 12 months. It is also 13.46% off the consensus price target high of $112.00 offered by 19 analysts, but current levels are -3.12% lower than the price target low of $94.00 for the same period.

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Currently trading at $96.93, the stock is 3.98% and 5.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.81 million and changing 0.68% at the moment leaves the stock 9.67% off its SMA200. DUK registered 22.09% gain for a year compared to 6-month loss of 7.64%. The firm has a 50-day simple moving average (SMA 50) of $91.07 and a 200-day simple moving average (SMA200) of $91.34.

The stock witnessed a 12.11% gain in the last 1 month and extending the period to 3 months gives it a 5.87%, and is 1.15% up 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 1.74% over the week and 1.81% over the month.

Duke Energy Corporation (DUK) has around 27535 employees, a market worth around $74.75B and $23.87B in sales. Current P/E ratio is 56.42 and Fwd P/E is 17.78. Profit margin for the company is 5.30%. Distance from 52-week low is 28.25% and -1.97% from its 52-week high. The company has generated returns on investments over the last 12 months (4.40%).

Duke Energy Corporation (DUK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Duke Energy Corporation (DUK) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.60, where 13 rate it as a Hold and 0 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 08/05/2021 and quarterly earnings per share for the current quarter are estimated at $1.23 with sales reaching $6.24B over the same period.The EPS is expected to shrink by -66.40% this year, but quarterly earnings will post 8.60% year-over-year. Quarterly sales are estimated to grow 4.90% in year-over-year returns.

Duke Energy Corporation (DUK) Top Institutional Holders

1,964 institutions hold shares in Duke Energy Corporation (DUK), with 807.1k shares held by insiders accounting for 0.10% while institutional investors hold 62.57% of the company’s shares. The shares outstanding are 743.00M, and float is at 735.11M with Short Float at 0.92%. Institutions hold 62.51% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 61.6 million shares valued at $5.64 billion. The investor’s holdings represent 8.01% of the DUK Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 51.23 million shares valued at $4.69 billion to account for 6.66% of the shares outstanding. The other top investors are State Street Corporation which holds 37.29 million shares representing 4.85% and valued at over $3.41 billion, while Wellington Management Group, LLP holds 3.84% of the shares totaling 29.56 million with a market value of $2.71 billion.

Duke Energy Corporation (DUK) Insider Activity

A total of 64 insider transactions have happened at Duke Energy Corporation (DUK) in the last six months, with sales accounting for 45 and purchases happening 19 times. The most recent transaction is an insider sale by GOOD LYNN J ,the company’sChairman, Pres & CEO. SEC filings show that GOOD LYNN J sold 45,910 shares of the company’s common stock on Feb 25 at a price of $86.99 per share for a total of $3.99 million. Following the sale, the insider now owns 0.21 million shares.

Duke Energy Corporation disclosed in a document filed with the SEC on Feb 23 that Sideris Harry K. (SVP, Customer Exp & Services) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Feb 23 and was made at $89.46 per share for $0.13 million. Following the transaction, the insider now directly holds 5411.0 shares of the DUK stock.

Still, SEC filings show that on Feb 23, Jacobs Dwight L. (SVP,Chf Acct Off,Tax,Control) disposed off 1,802 shares at an average price of $89.35 for $0.16 million. The insider now directly holds 3,992 shares of Duke Energy Corporation (DUK).

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

The company’s main competitors (and peers) include Ameren Corporation (AEE) that is trading 13.70% up over the past 12 months and NextEra Energy Inc. (NEE) that is 35.62% higher over the same period. Xcel Energy Inc. (XEL) is 12.73% up on the 1-year trading charts. Short interest in the company’s stock has fallen -17.6% from the last report on Feb 11, 2021 to stand at a total of 7.95 million short shares sold with a short interest ratio of 1.98.

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