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Tuesday, December 1, 2020

Duke Energy Corporation (NYSE:DUK) on the Path to Ruin

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Duke Energy Corporation (DUK) shares are trading at lower $80.85 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $92.43.

To add more color to this target, the company’s high over the last year is $103.79 and the low is $62.13. Over the last 52 weeks, DUK is down -11.49% while the S&P 500 is up 19.49%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, DUK reported a profit of $1.18 billion. Duke Energy Corporation also saw revenues increase to $5.42 billion. In addition, DUK has free cash flow of -$1.75 billion as of 06-2020. The company’s EBITDA came in at $2.53 billion which compares well with its peers.

DUK booked profit margins of 8.50%, its Return on Equity (ROE) is 4.70%, and its Return on Assets is 1.30%. All told, it is clear that, DUK needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. DUK has a short ratio of 10.30 and outstanding shares of 735.00M.

Company Outlook

DUK has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 2.84. Duke Energy Corporation DUK also noted assets of $158.47 billion at the end of the last quarter. Investors should also keep an eye on sector updates as DUK has historically followed its peers on positive news.

All told, Duke Energy Corporation DUK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DUK represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Duke Energy Corporation DUK is now commanding a market cap of 59.49B and a float of 734.65M. DUK is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of DUK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in DUK, either long or short, and we have not been compensated for this article.

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