Duke Energy (DUK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Duke Energy NYSE: DUK is in the utilities sector and is the third-largest electric utility company in the United States and Canada by market capitalization. The firm has outperformed its sector and the market in 2024, with a total return of 19%.
Utility stocks are looking attractive after wandering in the wilderness for the past couple of years due to high inflation and interest rates. High prices caused pushback on utility rate increases, while the capital-intensive nature of their operations left them languishing in the high interest rate environment.
Utilities & Real Estate leading the stock market in the last month, suggesting late-cycle market behavior. Duke Energy reported a solid Q2, with positive load growth trends and cost control by the management team. I have a hold rating on the stock, though, as I see shares near fair value.
Duke Energy (DUK) shares advanced after the utility company swung to a profit as it benefited from higher prices and sales volumes, as well as favorable weather conditions.
Duke Energy's (DUK) second-quarter earnings and revenues beat estimates. The company's 2024 EPS outlook remains unchanged.
Duke Energy (DUK) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $0.91 per share a year ago.
In the most recent trading session, Duke Energy (DUK) closed at $113.92, indicating a +1.17% shift from the previous trading day.
Duke Energy's (DUK) Q2 results are likely to reflect the benefits of favorable weather patterns, strong customer growth and rate-based growth amid higher interest expenses.
Zacks.com users have recently been watching Duke Energy (DUK) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Duke Energy (DUK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?