The Case for and Against Duke Energy Corporation (DUK)

Duke Energy Corporation (DUK) is an interesting player in the Utilities space, with a focus on Electric Utilities. The stock has been active on the tape, currently trading at $76.55, up from yesterday’s close by 0.55%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Duke Energy Corporation (DUK) currently trades with a market capitalization of $53.59 Billion. That value represents a market adjusting for revenues that have been growing by 20.41 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$2.28 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.03 on a per share basis this quarter. Perhaps, that suggests something about why 0.57% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how DUK has been acting. Looking at the stock’s movement on the chart, Duke Energy Corporation recorded a 52-week high of $91.80. It is now trading 15.25% off that level. The stock is trading $77.73 its 50-day moving average by 1.18%. The stock carved out a 52-week low down at $72.93.

In recent action, Duke Energy Corporation (DUK) has made a move of +0.59% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.8, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.50% with $699.62 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of DUK.

Previous articleThe Case for and Against Dr Pepper Snapple Group, Inc. (DPS)
Next articleThe Case for and Against Express, Inc. (EXPR)