Duke Energy Corporation (DUK): Today's Featured Utilities Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 1.4%. By the end of trading, Duke Energy Corporation fell $0.81 (-1.1%) to $70.50 on light volume. Throughout the day, 1,408,150 shares of Duke Energy Corporation exchanged hands as compared to its average daily volume of 3,296,800 shares. The stock ranged in price between $70.15-$71.30 after having opened the day at $71.30 as compared to the previous trading day's close of $71.31. Other companies within the Utilities sector that declined today were:
(
), down 6.4%,
(
), down 4.9%,
(
), down 4.4% and
(
), down 4.2%.
Duke Energy Corporation operates as an energy company in the United States and Latin America. The company operates in three segments: U.S. Franchised Electric and Gas, Commercial Power, and International Energy. The U.S. Duke Energy Corporation has a market cap of $49.9 billion and is part of the utilities industry. Shares are up 10.9% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Duke Energy Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Duke Energy Corporation
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, compelling growth in net income, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Duke Energy Corporation Ratings Report.
On the positive front,
(
), up 11.1%,
(
), up 4.7% and
(
), up 2.9%.
- Use our utilities section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider
(
) while those bearish on the utilities sector could consider
ProShares UltraShort Utilities
(
).
- Find other investment ideas from our top rated ETFs lists.
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