Duke Energy Corp. (DUK): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Duke Energy Supports Fellow First Responders With More Than $200,000 in Grants for Emergency Preparedness in Indiana.

Stocks Info

This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $94.94 and fluctuated between $95.12 as its day high and $93.80 as its day low. The current market capitalization of Duke Energy Corp. is $73.18B. A total of 2.26 million shares were traded on the day, compared to an average of 3.34M shares.

In the most recent transaction, Renjel Louis E. sold 3,000 shares of DUK for 92.57 per share on Feb 12 ’24. After the transaction, the EVP, External Affairs & Comm now owns 14,213 company shares. In a previous transaction on Nov 21 ’23, Ghartey-Tagoe Kodwo sold 2,500 shares at 89.76 per share. DUK shares that EVP, CLO & Corp Sec owns now total 22,210.

Among the insiders who sold shares, MCKEE E MARIE disposed of 1,785 shares on Aug 17 ’23 at a per-share price of $91.06. This resulted in the Director holding 0 shares of DUK after the transaction. In another insider transaction, Ghartey-Tagoe Kodwo sold 2,500 shares at $91.43 per share on Aug 16 ’23. Company shares held by the EVP, CLO & Corp Sec now total 24,710.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Duke Energy Corp. pays an annual dividend of $4.08, resulting in a dividend yield of 4.30%, and it has a price to earnings (P/E) ratio of 25.74. DUK’s most recent ex-dividend date was 2/15/2024 when it declared a $1.0250 quarterly dividend that was paid in cash on 3/18/2024. Previously, the company paid the dividend on 12/18/2023 with an ex-dividend date of 11/16/2023. The DUK stock dividend was $1.0250 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, DUK has a high of $100.39 and a low of $83.06.

As of this writing, DUK has an earnings estimate of $1.34 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.69 per share and a lower estimate of $0.89. The company reported an EPS of $1.94 in the last quarter, which was 1.00% higher than expectations of $1.92.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. DUK’s latest balance sheet shows that the firm has $341.00M in Cash & Short Term Investments as of fiscal 2021. There were $68.26B in debt and $15.93B in liabilities at the time. Its Book Value Per Share was $61.15, while its Total Shareholder’s Equity was $51.14B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 4.06.