BofA Securities has recently reduced Duke Energy Corp (DUK) stock to Neutral rating, as announced on February 12, 2024, according to Finviz. Earlier, on January 23, 2024, Evercore ISI had raised the stock rating, setting a price target of $108. for DUK stock. RBC Capital Mkts also raised Outperform rating with a price target of $113. Additionally, Wells Fargo raised Overweight rating on November 30, 2023, with a target price of $103. Barclays analysts, in their report published on August 23, 2023, also initiated Overweight rating for Duke Energy Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Duke Energy Corp (DUK) Stock Trading Recap
On Tuesday, Duke Energy Corp (DUK) stock saw a modest uptick, ending the day at $115.79 which represents a slight increase of $1.84 or 1.61% from the prior close of $113.95. The stock opened at $114 and touched a low of $113.91 during the day, reaching a high of $116.41. The volume of shares traded was 3.73 million exceeding the average volume of 2.89 million.
DUK Stock Performance and Moving Averages
In recent trading, Duke Energy Corp (DUK) stock price has shown some volatility, fluctuating 2.46% over the last five trades and 1.64% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 25.29%, and it has gained 11.97% in the previous three months. Currently, DUK is trading at 2.68%, 7.25%, and 16.47% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, DUK, a Utilities sector stock, is trading -0.75% below its 52-week high but remains 39.41% above its 52-week low. The Average True Range (ATR) (14 days) of 1.65 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Duke Energy Corp’s Profitability and Valuation Ratios
Duke Energy Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 25.71% and a profit margin of 14.28%, with a gross margin of 25.29%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Duke Energy Corp’s market capitalization stands at $89.41 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 20.81, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 18.28. Additionally, the Price-to-Sales Ratio is 2.98, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.87, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.16% of Duke Energy Corp (DUK)’s shares, while financial institutions hold 67.16%.
Notable insider trades include JANSON JULIA S, EVP&CEO, Duke Energy Carolinas at Duke Energy Corp (DUK), who sold 10000 shares on Aug 23 ’24, at $112.58 each, totaling $1.13 million. On May 15 ’24, GOOD LYNN J, Chair & CEO, sold 15000 shares for $103.3 each, amounting to $1.55 million. Additionally, on May 14 ’24, MCKEE E MARIE sold 1695 shares at $102.31 each, generating $0.17 million.
