Duke Energy Reaches New 52-Week High (DUK)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Duke Energy Corporation (NYSE: DUK) hit a new 52-week high Friday as it is currently trading at $73.70, above its previous 52-week high of $73.60 with 392,624 shares traded as of 9:46 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

Duke Energy has a market cap of $51.61 billion and is part of the utilities sector and utilities industry. Shares are up 14.8% year to date as of the close of trading on Thursday.

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. The company has a P/E ratio of 23.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Duke Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Duke Energy Ratings Report.

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