Duke Energy Corporation (NYSE:DUK) traded at $101.37 at close of the session on Tuesday, 01/24/23, made an upward move of 0.38% on its previous day’s price.
Looking at the stock we see that its previous close was $100.99 and the beta (5Y monthly) reads 0.42 with the day’s price range being $99.16 – $101.49. The company has a trailing 12-month PE ratio of 20.56. In terms of its 52-week price range, DUK has a high of $116.33 and a low of $83.76. The company’s stock has lost about -0.54% over that past 30 days.
Duke Energy Corporation has a market cap of $78.18 billion and is expected to release its quarterly earnings report on Feb 09, 2023. With its Forward Dividend at 4.02 and a yield of 3.97%, the company’s investors could be anxious for the DUK stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.05, with the EPS growth for the year raised at $5.29 for 2022 and $5.66 for next year. These figures represent 1.00% and 7.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.89 billion, with a low of $5.09 billion and a high of $6.69 billion. The median projection represents growth adding up to -5.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $27.41 billion, or 9.20% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the DUK stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note that the PEG ratio for the DUK stock currently stands at 3.64, and the current price level is -2.19% off its SMA20 and 0.47% from its 50-day simple moving average. The RSI (14) is pointing at 44.19 while the volatility over the past week is 1.97% and jumps to 1.60% over the past one month. The beta value is 0.42, while the average true range (ATR) is currently pointing at 1.78.
Let’s briefly compare Duke Energy Corporation (DUK) stock to its peers. We find that current price change of 0.38% and -1.56% over the past 12 months for DUK competes that of NextEra Energy Inc. (NEE), which has seen its stock price rise 1.49% in the last trading session and was 1.57% over the last one year. Another of its peers The Southern Company (SO) has dropped -0.24% previous session, and was -1.64% down over the past year, while Dominion Energy Inc. (D) was also down -0.78% in the last session, while its price remained in the red at -21.22% over the same period. Duke Energy Corporation has a P/E ratio of 20.56 compared to NextEra Energy Inc.’s 43.31 and The Southern Company’s 21.18. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.07% and 0.31%, respectively, at close of the trading.
Coming back to Duke Energy Corporation (NYSE:DUK), we note that the average 3-month trading volume was 3.07 million, while that of the preceding 10-day period stands at 2.9 million. Current shares outstanding are 770.00 million.
The insiders hold 0.10% of the company’s shares while institutions hold 64.40%. The data shows that short shares as of Dec 29, 2022, stood at 8.62 million at a short ratio of 2.73. This represents a 1.12% short interest in shares outstanding on Dec 29, 2022. Shares short rose in December from the previous month at 7.11 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -1.57% down in year-to-date price movement.