Stocks like Duke Energy Corp. [DUK] still have plenty of sunny days ahead

In yesterday’s Wall Street session, Duke Energy Corp. (NYSE:DUK) shares traded at $112.12, down -0.54% from the previous session.

DUK stock price is now 5.43% away from the 50-day moving average and 13.74% away from the 200-day moving average. The market capitalization of the company currently stands at $86.58B.

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With the price target reduced from $105 to $96, BofA Securities Downgraded its rating from Buy to Neutral for Duke Energy Corp. (NYSE: DUK). On January 23, 2024, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $90 to quote $108, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’

In other news, Renjel Louis E., EVP, Chief Corporate Affairs sold 540 shares of the company’s stock on Aug 08 ’24. The stock was sold for $61,366 at an average price of $113.64. Upon completion of the transaction, the EVP, Chief Corporate Affairs now directly owns 19,884 shares in the company, valued at $2.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, Officer Renjel Louis E. bought 540 shares of the business’s stock. A total of $61,366 was incurred on buying the stock at an average price of $113.64. A total of 0.21% of the company’s stock is owned by insiders.

During the past 12 months, Duke Energy Corp. has had a low of $83.06 and a high of $116.67. As of last week, the company has a debt-to-equity ratio of 1.68, a current ratio of 0.81, and a quick ratio of 0.53. According to the stock market information, the enterprise value for the company is $172624248832, which is based on a 20.15 price-to-earnings ratio, a 3.02 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for DUK is $106.5376 and a two-hundred day moving average price translates $98.68535 for the stock.

The latest earnings results from Duke Energy Corp. (NYSE: DUK) was released for 2024-06-30. The net profit margin was 14.28% and return on equity was 9.32% for DUK. The company reported revenue of $7.17 billion for the quarter, compared to $6.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.03 percent.

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