Momentum Stocks Watch: Duke Energy Corporation (DUK)

Company Profile:

Duke Energy (DUK) is one of the largest energy holding companies in the U.S., with approximately 29,000 employees and a generating capacity of 49,500 megawatts. The company is transforming its customers’ experience, modernizing its energy grid, generating cleaner energy and expanding its natural gas infrastructure to create a smarter energy future for the people and communities it serves. The company was formerly known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2005. Duke Energy Corporation is headquartered in Charlotte, North Carolina.

Recent News:

The company reported a net income of $620 million for the quarter ending March 31, 2018, 13.14% lower than $716 million for the same period last year. Total operating revenues for Q1 FY18 reached $6.14 billion, reflecting an increase of 7.09% from $5.73 billion in Q1 FY17.

On May 03, 2018, the company declared a quarterly cash dividend on its common stock of $0.890 per share payable on June 18, 2018, to shareholders of record at the close of business May 18, 2018.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

DUK’s strengths can be seen in its better profitablity and better solvency compared with its peers. Its revenue has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic Oscillator and MACD. RSI(14) stands at 46.02 with positive bias. We rate Duke Energy Corporation (DUK) a STRONG BUY.

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