Duke Energy Shares Dip 1.41% Despite Mixed Trading Session for S&P 500
June 23, 2023
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On Thursday, Duke Energy ($NYSE:DUK) Corp. shares dropped 1.41% to $88.89, despite a mixed trading session for the S&P 500. It supplies electricity and natural gas to its customers in the Midwest and mid-Atlantic regions of the United States. Duke Energy also owns non-regulated businesses that provide energy-related products and services throughout the country. The company’s most recent earnings report was strong, and it continues to benefit from strong demand for energy in its service areas.
Analysis
At GoodWhale, we conducted an analysis of DUKE ENERGY‘s fundamentals. After carefully assessing the financial and business aspects, we rated DUKE ENERGY as medium risk investment. We detected 3 risk warnings in the income statement, balance sheet, and cash flow statement. To get more insight into these warnings, become a registered user with GoodWhale. Our team is here to help you make informed decisions about the investments you make. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Duke Energy. More…
| Total Revenues | Net Income | Net Margin |
| 29.03k | 2.39k | 13.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Duke Energy. More…
| Operations | Investing | Financing |
| 5.75k | -11.63k | 5.95k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Duke Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 178.83k | 126.88k | 63.89 |
Key Ratios Snapshot
Some of the financial key ratios for Duke Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.3% | 4.2% | 23.9% |
| FCF Margin | ROE | ROA |
| -19.9% | 8.8% | 2.4% |
Peers
Duke Energy Corp is one of the leading energy companies in the United States. Duke Energy Corp’s competitors are Sempra Energy, REN-Redes Energeticas Nacionais Sgps SA, Ameren Corp. All of these companies are leaders in the energy industry and provide a variety of energy services.
– Sempra Energy ($NYSE:SRE)
Sempra Energy is a Fortune 500 energy services holding company based in San Diego, California. Sempra Energy’s businesses include Sempra Utilities, Sempra Renewables, Sempra LNG and Sempra Mexico.
Sempra Energy’s market cap as of 2022 is 45.18B. The company has a Return on Equity of 3.29%. Sempra Energy is a diversified energy services holding company with businesses in utilities, renewables, LNG, and Mexico.
– REN-Redes Energeticas Nacionais Sgps SA ($LTS:0KBT)
REN-Redes Energeticas Nacionais Sgps SA is a Portuguese utility company engaged in the transmission and distribution of electricity. The Company operates through three segments: Electricity Transmission, Electricity Distribution and Natural Gas. The Company, through its subsidiary, Redes Energéticas Nacionais – Redes Eletrónicas Nacionais, S.A., owns and operates a network of high voltage power lines and a network of medium voltage power lines, with a total length of approximately 22,290 kilometers. The Company’s electricity transmission system includes approximately 1,760 substations with a nominal voltage of 400 kilovolts (kV), 275 kV and 150 kV. The Company’s electricity distribution system includes approximately 1.4 million end customers. The Company’s natural gas system includes a high pressure gas pipeline network with a length of approximately 3,540 kilometers and a medium pressure gas pipeline network with a length of approximately 530 kilometers.
– Ameren Corp ($NYSE:AEE)
Ameren Corporation is a holding company engaged in rate-regulated electric and natural gas utility operations. The Company’s subsidiaries include Ameren Missouri and Ameren Illinois. The Company’srate-regulated electric generation, transmission and distribution operations are conducted through its subsidiary, Ameren Missouri. The Company’s rate-regulated natural gas businesses include distribution operations conducted through its subsidiary, Ameren Illinois, and natural gas transmission operations conducted through its subsidiary, Ameren Transmission Company of Illinois.
As of 2022, Ameren Corporation had a market capitalization of 20.3 billion dollars. The company’s return on equity was 10.16%. Ameren Corporation is a holding company that operates various rate-regulated electric and natural gas utilities. The company is based in the United States and serves customers in Missouri and Illinois.
Summary
Duke Energy Corp. saw mixed trading on Thursday with its stock declining 1.41%, closing at $88.89. Although the broader stock market experienced some volatility, with the S&P 500 index closing lower, analysts suggest that the Duke Energy stock is still a good investment option for those looking to diversify their portfolio. The company is known for its low-risk, long-term investments, and its wide range of energy products and services make it an attractive investment choice. Investors should keep an eye on future potential catalysts such as new product launches, dividend increases, and strategic acquisitions.
In addition, they should assess the company’s financial statements to ensure that it is operating efficiently and responsibly.
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