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NYSE:DUK

Duke Energy (DUK) Stock Price, News & Analysis

Duke Energy logo
$114.70 -0.16 (-0.14%)
(As of 11/22/2024 ET)

About Duke Energy Stock (NYSE:DUK)

Key Stats

Today's Range
$114.61
$116.00
50-Day Range
$110.22
$120.76
52-Week Range
$89.92
$121.25
Volume
2.01 million shs
Average Volume
3.07 million shs
Market Capitalization
$88.60 billion
P/E Ratio
21.08
Dividend Yield
3.64%
Price Target
$121.69
Consensus Rating
Moderate Buy

Company Overview

Duke Energy Corporation, headquartered in Charlotte, North Carolina, is a leading American electric power and natural gas holding company. With a rich history dating back to its founding in 1904 by James Buchanan Duke and Benjamin Newton Duke, Duke Energy has become a prominent player in the energy industry. The company operates in multiple states and serves millions of customers, providing essential energy solutions for their homes and businesses. Duke Energy's mission is to power customers' lives by delivering safe, reliable, sustainable energy while embracing innovation and environmental stewardship.

Duke Energy operates in three primary segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity to residential, commercial, and industrial customers. The Gas Utilities and Infrastructure segment distributes natural gas to customers in the Midwest, the Carolinas, and parts of the Southeast. The Commercial Renewables segment focuses on developing, owning, and operating wind and solar renewable generation projects across the United States.

With a customer-centric approach, Duke Energy serves diverse customers, including households, small businesses, large industrial facilities, and government entities. The company's commitment to providing reliable energy solutions has earned it a loyal customer base and a reputation for excellence in the industry.

Duke Energy is led by a highly experienced and accomplished management team that drives the company's strategic vision and operational excellence. At the organization's helm is Ms. Lynn J. Good, who serves as Chairman, President, and Chief Executive Officer. Ms. Good has been with Duke Energy since 2003 and has been crucial in guiding the company's growth and transformation. She brings extensive knowledge of the energy sector and a strong focus on sustainability and customer satisfaction.

Duke Energy has consistently demonstrated strong financial performance, driven by its operational efficiency and focus on delivering value to shareholders. The company has a strong net profit margin of over 10%. Duke Energy's commitment to financial stability is evident through its disciplined approach to managing debt. This prudent financial management allows the company to invest in infrastructure, technology, and renewable energy projects to meet the evolving needs of its customers.

Duke Energy operates in the electric power and natural gas industry, supporting economic activities and daily life. As the industry evolves, there are several trends and challenges that Duke Energy and its peers must navigate. The transition toward cleaner energy sources and reducing carbon emissions have become the primary focus of the energy sector.

Duke Energy has recognized the importance of sustainability and has been actively working towards reducing its environmental footprint. The company has set ambitious goals to achieve net-zero carbon emissions by 2050 and to increase its renewable energy capacity. By investing in wind and solar projects and retiring older, less efficient coal-fired power plants, Duke Energy aims to align with evolving environmental regulations and customer expectations.

The industry also faces regulatory and political factors influencing operations and profitability. Changes in energy policies, tax regulations, and environmental standards can impact production costs and the competitive landscape. Duke Energy actively engages with regulatory bodies and policymakers to ensure its interests are represented and to contribute to shaping a sustainable energy future.

Competitive positioning is crucial in the energy industry, and Duke Energy has established itself as a key player. The company's extensive infrastructure, reliable service, and strong customer relationships give it a competitive advantage. Furthermore, Duke Energy's commitment to innovation and exploring new technologies positions it well to capitalize on emerging opportunities and maintain its market leadership.

Duke Energy is well-positioned to capitalize on growth opportunities within the energy industry. One significant avenue for expansion is the development of renewable energy projects. As the demand for clean energy rises, Duke Energy has actively invested in wind and solar projects, expanding its commercial renewables segment. By leveraging its expertise and resources, the company aims to increase its renewable energy capacity and contribute to a sustainable future.

Another growth opportunity lies in the modernization of infrastructure and grid systems. Duke Energy is committed to upgrading its power delivery systems, improving reliability, and incorporating advanced technologies. The company aims to enhance efficiency and provide customers with more reliable and resilient energy services by investing in smart grids, energy storage solutions, and digital infrastructure.

While Duke Energy has demonstrated resilience and adaptability, risks and challenges in the industry should be considered when evaluating the company's future prospects and stock performance.

One of the significant challenges Duke Energy faces is the evolving regulatory landscape. The energy industry is subject to various local, state, and federal regulations. Regulation changes can impact Duke Energy's operations, including the cost of compliance and the ability to pursue specific projects. Additionally, regulatory decisions related to rate structures and pricing can influence the company's revenue and profitability.

Another risk is the volatility of energy prices. Duke Energy's financial performance is influenced by the cost of fuel and energy sources used in its operations. Fluctuations in commodity prices, such as natural gas and coal, can impact the company's expenses and margins. Moreover, changes in supply and demand dynamics or geopolitical events can lead to price volatility, affecting Duke Energy's financial results.

Environmental factors are also significant considerations for Duke Energy. Transitioning to cleaner energy sources and reducing carbon emissions requires substantial investments in renewable energy infrastructure. While Duke Energy has been actively investing in renewables, there are risks associated with project development, such as construction delays, cost overruns, and uncertain regulatory support.

Customer preferences and demand patterns present both opportunities and challenges for Duke Energy. As consumers become more conscious of environmental sustainability, there is a growing demand for renewable energy solutions. However, customers also seek greater control over their energy consumption, potentially leading to a decline in overall electricity demand. Duke Energy must adapt to changing customer needs and preferences while ensuring a reliable and efficient energy supply.

Operational risks, including equipment failures, natural disasters, and cybersecurity threats, are inherent in the energy industry. Duke Energy operates an extensive infrastructure, and any disruptions or incidents can impact its operations, financial performance, and reputation. The company has implemented risk management strategies and invests in infrastructure resilience to mitigate these risks, but they remain potential challenges.

Duke Energy Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
90th Percentile Overall Score

DUK MarketRank™: 

Duke Energy scored higher than 90% of companies evaluated by MarketBeat, and ranked 17th out of 90 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Duke Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Duke Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Duke Energy's stock forecast and price target.
  • Earnings Growth

    Earnings for Duke Energy are expected to grow by 6.20% in the coming year, from $5.97 to $6.34 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Duke Energy is 21.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.88.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Duke Energy is 21.08, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 100.12.

  • Price to Earnings Growth Ratio

    Duke Energy has a PEG Ratio of 3.03. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Duke Energy has a P/B Ratio of 1.80. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Duke Energy's valuation and earnings.
  • Percentage of Shares Shorted

    1.22% of the outstanding shares of Duke Energy have been sold short.
  • Short Interest Ratio / Days to Cover

    Duke Energy has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Duke Energy has recently decreased by 3.76%, indicating that investor sentiment is improving.
  • Dividend Leadership

    Duke Energy is a leading dividend payer. It pays a dividend yield of 3.64%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Duke Energy has been increasing its dividend for 20 years.

  • Dividend Coverage

    The dividend payout ratio of Duke Energy is 76.84%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Duke Energy will have a dividend payout ratio of 65.93% next year. This indicates that Duke Energy will be able to sustain or increase its dividend.

  • Read more about Duke Energy's dividend.
  • Percentage of Shares Shorted

    1.22% of the outstanding shares of Duke Energy have been sold short.
  • Short Interest Ratio / Days to Cover

    Duke Energy has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Duke Energy has recently decreased by 3.76%, indicating that investor sentiment is improving.
  • News Sentiment

    Duke Energy has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 37 news articles for Duke Energy this week, compared to 22 articles on an average week.
  • Search Interest

    Only 34 people have searched for DUK on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days.
  • MarketBeat Follows

    18 people have added Duke Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Duke Energy insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.10% of the stock of Duke Energy is held by insiders.

  • Percentage Held by Institutions

    65.31% of the stock of Duke Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Duke Energy's insider trading history.
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DUK Stock News Headlines

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Morgan Stanley Reaffirms Their Hold Rating on Duke Energy (DUK)
See More Headlines

DUK Stock Analysis - Frequently Asked Questions

Duke Energy's stock was trading at $97.04 on January 1st, 2024. Since then, DUK shares have increased by 18.2% and is now trading at $114.70.
View the best growth stocks for 2024 here
.

Duke Energy Co. (NYSE:DUK) issued its earnings results on Thursday, November, 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.73 by $0.11. The firm's revenue was up 2.1% on a year-over-year basis.
Read the conference call transcript
.

Duke Energy subsidiaries include REC Solar, Piedmont Natural Gas Company, PROGRESS ENERGY, 2018 ESA Project Company LLC, 226HC 8me LLC, Advance SC LLC, Baker House Apartments LLC, and others.

Duke Energy's top institutional investors include Massachusetts Financial Services Co. MA (2.33%), Geode Capital Management LLC (2.26%), Charles Schwab Investment Management Inc. (1.09%) and Pathway Financial Advisers LLC (0.88%). Insiders that own company stock include Lynn J Good, Steven K Young, Julia S Janson, Dhiaa M Jamil, Louis E Renjel, Kodwo Ghartey-Tagoe, E Marie Mckee and Robert Alexander Glenn.
View institutional ownership trends
.

Shares of DUK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Duke Energy investors own include Chevron (CVX), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Comcast (CMCSA), AT&T (T), Johnson & Johnson (JNJ) and Exxon Mobil (XOM).

Company Calendar

Ex-Dividend for 9/16 Dividend
8/16/2024
Dividend Payable
9/16/2024
Last Earnings
11/07/2024
Ex-Dividend for 12/16 Dividend
11/15/2024
Today
11/24/2024
Dividend Payable
12/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/13/2025

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
Electric Utilities
CUSIP
26441C20
Employees
27,037
Year Founded
1904

Price Target and Rating

Average Stock Price Target
$121.69
High Stock Price Target
$138.00
Low Stock Price Target
$113.00
Potential Upside/Downside
+6.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 Analysts

Profitability

Net Income
$2.84 billion
Pretax Margin
16.92%

Debt

Sales & Book Value

Annual Sales
$30.21 billion
Cash Flow
$13.43 per share
Book Value
$63.79 per share

Miscellaneous

Free Float
771,710,000
Market Cap
$88.60 billion
Optionable
Optionable
Beta
0.47

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This page (NYSE:DUK) was last updated on 11/25/2024 by MarketBeat.com Staff
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