Duke Energy Corporation (NYSE:DUK – Get Free Report)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $113.82 and last traded at $114.0950, with a volume of 764966 shares trading hands. The stock had previously closed at $114.17.
Duke Energy News Summary
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Duke Energy compares favorably with NextEra Energy on valuation, dividend yield and debt levels. That combination could appeal to income-focused investors, although NextEra leads on return on invested capital. NextEra Energy vs. Duke Energy: Which Utility Stock Looks Stronger?
- Positive Sentiment: Investor articles highlight data-center electricity demand and long-term contracts as potential growth engines for regulated utilities, including Duke Energy. Rising demand could support rate-base expansion, earnings growth and future dividend increases. 4 Utility Stocks With Reliable Dividends and a Massive New Growth Engine
- Neutral Sentiment: Recent comparisons with Southern Company emphasize Duke’s regulated-market exposure, recurring dividend increases and data-center opportunity. However, the ultimate investment preference depends on differences in balance-sheet strength and capital-spending plans. Southern Company or Duke Energy: Only One Offers the Combination of Yield, Growth, and Safety You Need
- Negative Sentiment: Coverage notes that an item on some Duke Energy customer bills may have roughly doubled recently. Higher charges could increase customer dissatisfaction and regulatory scrutiny, even if the change reflects pass-through costs rather than weaker company operations. This item in your Duke Energy bill might have doubled recently. Here’s why
- Negative Sentiment: Duke Energy underperformed the broader market in the latest reported session, adding to technical pressure as the stock trades below its 50-day and 200-day moving averages. The decline appears more related to market and sector sentiment than to a newly reported fundamental shock. Duke Energy Dips More Than Broader Market: What You Should Know
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on DUK. Barclays decreased their price objective on shares of Duke Energy from $140.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. BMO Capital Markets cut their price objective on Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Truist Financial reduced their target price on Duke Energy from $138.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a report on Friday, July 31st. Finally, Wall Street Zen lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.56.
Duke Energy Stock Performance
The firm has a market capitalization of $88.85 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 2.71 and a beta of 0.37. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43. The firm has a 50 day moving average price of $122.55 and a 200-day moving average price of $125.46.
Duke Energy (NYSE:DUK – Get Free Report) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.13. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The firm had revenue of $7.59 billion for the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter last year, the company earned $1.25 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.
Duke Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th were given a dividend of $1.085 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, August 14th. This represents a $4.34 annualized dividend and a dividend yield of 3.8%. Duke Energy’s dividend payout ratio is 65.17%.
Hedge Funds Weigh In On Duke Energy
Hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. increased its position in shares of Duke Energy by 7.9% during the second quarter. QRG Capital Management Inc. now owns 180,200 shares of the utilities provider’s stock worth $22,810,000 after purchasing an additional 13,141 shares in the last quarter. Andra AP fonden increased its position in Duke Energy by 41.2% during the second quarter. Andra AP fonden now owns 44,200 shares of the utilities provider’s stock worth $5,595,000 after buying an additional 12,900 shares during the period. Security National Bank of Sioux City Iowa IA purchased a new stake in Duke Energy in the second quarter valued at approximately $152,000. Core Capital Management & Research inc. acquired a new stake in shares of Duke Energy in the second quarter valued at approximately $857,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Duke Energy by 3.1% in the second quarter. Sequoia Financial Advisors LLC now owns 56,447 shares of the utilities provider’s stock valued at $7,145,000 after acquiring an additional 1,682 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.
Duke Energy Company Profile
Duke Energy Corporation is an electric and natural gas utility holding company headquartered in Charlotte, North Carolina. The company generates, transmits, distributes and sells electricity, with a generation portfolio that includes natural gas, nuclear, coal, hydroelectric and renewable energy resources. It also operates natural gas distribution businesses and provides related energy services.
Duke Energy’s regulated electric utilities serve residential, commercial and industrial customers across the Carolinas, Florida, Indiana, Ohio and Kentucky.
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