Duke Energy Corporation (DUK): Utilities sector is losing shares

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Duke Energy Corporation (NYSE:DUK) changes shares on Wednesday trading session, with a change of -1.69% or -$1.38 shares. The trading starts at $81.08 and closed at $81.85 throughout the day. The trading session low price was $79.82 and day high was $81.34 on Wednesday, June 24. After the session, the Utilities sector daily volume shifted to 3.67 million while its average volume is 3.92M. In other hand, the DUK market cap reached to $61.77B. While, its current target price is $80.47 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -6.66% and down -2.83% for month. Its quarterly performance was 7.71% above, while its half year performance is down -10.74%. DUK yearly performance stood at negative -10.71% and fall -11.78% for year-to-date. Current recommendation for Duke Energy Corporation is 2.60.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. DUK EPS (TTM) for 12-month is 5.08. EPS for this year is 35.20%, while for the next year its value is 5.47. Sales growth for the current quarter is 3.86 while its EPS Q/Q reached -1.30%. It has an EPS of 7.30% up for past five years and for the next five years will be up 4.11%.

Let’s take a look on the analyst recommendations on DUK for the current month and previous month. For the current month, 6 of 17 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 10 as Hold. As compared with the previous month ratings, 16 analysts participate in stock recommendation. Out of 16, 0 rated it sell, 6 rated it as Buy and 9 as Hold Ratings. On the other hand, target price ranges from $83.00-$104.00. Average target price for DUK was reached at $92.07.

The insider ownership moved to 0.10% and institutional holding shifted to 65.30%.

The company posted an EPS (TTM) of 5.08. According to the most recent quarter report on (Jun 2020), 11 analysts estimated an average EPS of 1.02, while 1.12 EPS posted a year ago period. Analyst Estimated EPS for DUK published in the report was 0.89-1.15 during the same period. Comparing with last year, the average estimated EPS was 1.12 which is lower than 1.14 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for DUK fall -10.61% for period of 200 days. SMA for 50 days was -5.70% which is showing red signal, while SMA-20 was -7.30%. The moving average value for Duke Energy Corporation (DUK) is 88.69 and 84.86 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in DUK stock. On May 26, Jacobs Dwight L., SVP,Chf Acct Off,Tax,Control, sold 1,500 trading shares at the cost of $84.11, which valued at 0.13 million. On May 26, YOUNG STEVEN K, EVP & CFO, sold 253 shares at the cost of $84.46, with total shares of 86,747. On May 14, Sideris Harry K., SVP, Customer Exp & Services, sold 1,285 shares at the cost of 80.42. After this transaction, Sideris Harry K. total shares reached to 5,396 which valued at 0.1 million.