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Tuesday, September 26, 2023

Insights Into Duke Energy Corporation (DUK) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Duke Energy Corporation (DUK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.48, or 0.50%, to $95.66. The Duke Energy Corporation has recorded 477,598 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Duke Energy Foundation celebrates Hispanic Heritage Month; recognizes contributions of Hispanic community with more than $250,000 in grants.

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Stocks Info

Duke Energy Corporation is listed on the NYSE in the Utilities sector while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $95.18 and fluctuated between $96.08 as its day high and $94.93 as its day low. The current market capitalization of Duke Energy Corporation is $73.56B. A total of 9.7 million shares were traded on the day, compared to an average of 2.92M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, DUK has seen 1 BUY and 5 SELL insider trades, representing the acquisition of 1,784 and the disposition of 16,775 shares. Over the last 12 months, there were 29 BUYs and 60 SELLs from insiders. Insiders purchased 346,397 shares during that period but sold 148,749.

In the most recent transaction, MCKEE E MARIE sold 1,785 shares of DUK for 91.06 per share on Aug 17. After the transaction, the Director now owns 0 company shares. In a previous transaction on Aug 16, Ghartey-Tagoe Kodwo sold 2,500 shares at 91.43 per share. DUK shares that EVP, CLO & Corp Sec owns now total 24,710.

Among the insiders who sold shares, Renjel Louis E. disposed of 1,900 shares on Feb 13 at a per-share price of $99.90. This resulted in the SVP, External Affairs & Comm holding 9,967 shares of DUK after the transaction. In another insider transaction, YOUNG STEVEN K sold 415 shares at $100.84 per share on Dec 01. Company shares held by the EVP & CCO now total 111,997.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Duke Energy Corporation pays an annual dividend of $4.10, resulting in a dividend yield of 4.31%, and it has a price to earnings (P/E) ratio of 19.54. DUK’s most recent ex-dividend date was 8/17/2023 when it declared a $1.0250 quarterly dividend that was paid in cash on 9/18/2023. Previously, the company paid the dividend on 6/16/2023 with an ex-dividend date of 5/11/2023. The DUK stock dividend was $1.0050 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for DUK in the last 3 months, the mean price target is $100.27 with high estimates of $120.00 and low estimates of $91.00. In terms of 52-week highs and lows, DUK has a high of $108.68 and a low of $83.76.

As of this writing, DUK has an earnings estimate of $Delek US Holdings, Inc. per share for the current quarter. EPS was calculated based on a consensus of Duke Energy Corporation (Holdin estimates, with a high estimate of $Prudential Public Limited Compa per share and a lower estimate of $Carnival Plc.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. DUK’s latest balance sheet shows that the firm has $343.00M in Cash & Short Term Investments as of fiscal 2021. There were $68.21B in debt and $15.93B in liabilities at the time. Its Book Value Per Share was $60.14, while its Total Shareholder’s Equity was $51.14B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DUK is Buy with a score of 3.86.

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