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Duke Energy Corporation (DUK) 2023 Stock Forecast: Bullish Outlook with 12.22% Upside

Duke Energy Corporation (NYSE: DUK) is -1.14% lower on its value in year-to-date trading and has touched a low of $83.76 and a high of $116.33 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DUK stock was last observed hovering at around $101.97 in the last trading session, with the day’s loss setting it -0.15% off its average median price target of $110.00 for the next 12 months. It is also 12.22% off the consensus price target high of $116.00 offered by 18 analysts, but current levels are -11.89% lower than the price target low of $91.00 for the same period.

Currently trading at $101.82, the stock is -1.73% and 1.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.92 million and changing -0.15% at the moment leaves the stock -2.46% off its SMA200. DUK registered -0.34% loss for a year compared to 6-month loss of -1.66%.

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The stock witnessed a 1.59% gain in the last 1 month and extending the period to 3 months gives it a 14.03%, and is -3.10% 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 1.67% over the week and 1.57% over the month.

Duke Energy Corporation (DUK) has around 27605 employees, a market worth around $78.52B and $28.02B in sales. Current P/E ratio is 20.65 and Fwd P/E is 17.96. Profit margin for the company is 13.70%. Distance from 52-week low is 21.56% and -12.47% from its 52-week high. The company has generated returns on investments over the last 12 months (4.50%).

Duke Energy Corporation (DUK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Duke Energy Corporation (DUK) is a “Hold”. 18 analysts offering their recommendations for the stock have an average rating of 2.50, where 12 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Duke Energy Corporation is expected to release its quarterly report on 05/11/2023.The EPS is expected to grow by 188.40% this year.

Duke Energy Corporation (DUK) Top Institutional Holders

The shares outstanding are 770.00M, and float is at 769.27M with Short Float at 1.12%.

Duke Energy Corporation (DUK) Insider Activity

A total of 12 insider transactions have happened at Duke Energy Corporation (DUK) in the last six months, with sales accounting for 12 and purchases happening 0 times. The most recent transaction is an insider sale by YOUNG STEVEN K,the company’sEVP & CCO. SEC filings show that YOUNG STEVEN K sold 415 shares of the company’s common stock on Dec 01 at a price of $100.84 per share for a total of $41849.0. Following the sale, the insider now owns 0.11 million shares.

Duke Energy Corporation disclosed in a document filed with the SEC on Nov 10 that Jamil Dhiaa M. (EVP & Chief Operating Officer) sold a total of 900 shares of the company’s common stock. The trade occurred on Nov 10 and was made at $95.01 per share for $85510.0. Following the transaction, the insider now directly holds 58057.0 shares of the DUK stock.

Still, SEC filings show that on Nov 01, YOUNG STEVEN K (EVP & CCO) disposed off 415 shares at an average price of $93.57 for $38832.0. The insider now directly holds 112,412 shares of Duke Energy Corporation (DUK).

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

The company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading -0.93% down over the past 12 months and The Southern Company (SO) that is -1.77% lower over the same period. Dominion Energy Inc. (D) is -21.02% down on the 1-year trading charts.

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