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How to Buy Duke Energy Stock

Duke Energy Corp

Duke Energy is a regulated electric utility company located in North Carolina, United States, which is part of the Utilities sector, and is traded under the ticker DUK on the NYSE exchange.

Duke Energy stock last closed at $94.13, down 0.81% from the previous day, and has decreased 4.35% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.09 percentage points. Duke Energy stock is currently +13.33% from its 52-week low of $83.06, and -6.24% from its 52-week high of $100.39.

At the moment, there are 770.81M DUK shares outstanding. The market value of DUK is $72.56B. In the last 24 hours, 2.57M DUK shares were traded.

How to Buy Duke Energy Stock

Wondering how to invest in Duke Energy stock? Here's how.
  1. Decide where to buy Duke Energy stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Duke Energy stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Pick your method of payment and add your info.
  4. Analyze Duke Energy stock: The Duke Energy ticker symbol is DUK. Is Duke Energy stock a good investment? Should you buy shares of DUK? How do DUK's underlying business fundamentals look? Do top analysts think Duke Energy is a good buy? Why has DUK's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if DUK is a good stock to buy).
  5. Make your DUK buy order: Decide if you will purchase DUK shares at the current market price or use a limit order to purchase DUK shares at a specific price.
  6. Keep tabs on your DUK investment: Create a watchlist to key updates about your position in Duke Energy stock.

Step 1: Decide where to buy Duke Energy stock

You will need an online brokerage account in order to access the NYSE market and buy DUK shares.

A brokerage account allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've chosen the right brokerage, it's time to fill out some personal information so you are able to buy DUK stock today.

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Step 3: Fund your brokerage account

Now that you've finished signing up on investing apps, your next step is to transfer the money for your investment:

Watch the video below if you need help depositing money into your brokerage account.

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Step 4: Analyze Duke Energy stock

Once you have decided on the best place to buy Duke Energy stock, it's important to evaluate their stock before you invest, so you can wrap your head around the risk as well as the upside.

Duke Energy quick stats

DUK Price
$94.13
1w %
-2.26%
1y %
-4.35%
5y %
4.08%
P/E
26.59x
P/B
1.48x
P/S
2.5x
PEG
1.08x
Revenue
$29.06B
Earnings
$2.74B
Fore. Rev. Growth
3.38%
Fore. Earn. Growth
24.61%
Market Cap
$72.56B
Next Earnings
May 7, 2024
Next Dividend
N/A

Duke Energy Overview

WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on DUK's stock page.

Is DUK stock undervalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge DUK's true value.

Using relative valuations metrics:

  • DUK may be overvalued based on its P/E ratio of 26.59x, relative to Utilities - Regulated Electric industry P/E ratio of 15.8x
  • DUK could be undervalued based on its P/B ratio of 1.48x, relative to Utilities - Regulated Electric industry P/B ratio of 1.57x
  • DUK may be overvalued based on its PEG ratio of 1.08x

You can access more valuation analysis on DUK's stock here.

DUK Financial Summary

Positive Health Checks:

  • DUK profit margin has gone up from 8.5% to 9.4% in the past year.

Negative Health Checks:

  • There are more long-term liabilities than short-term assets on the DUK balance sheet.
  • DUK has a relatively high debt to equity ratio of 2.58.
  • DUK has $253.00M in cash and short term investments. This is not enough to cover its annual cash burn of $2.73B.
  • DUK has cash burn of 2726000000. It does not have sufficient cash and short-term investments to cover this.
  • Total DUK debt is higher than 5 years ago, relative to shareholder equity.
  • There are more short-term liabilities than short-term assets on the DUK balance sheet.

Is it a good time to buy DUK stock, according to Wall Street analysts?

Out of 10 Equities analysts who monitor DUK, the consensus analyst rating on DUK is a Buy

It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

Latest DUK Analyst Recommendations

Durgesh Chopra, a top 33% analyst from Evercore ISI Group upgrades DUK to a buy rating and raises their DUK price target from $90.00 to $108.00, on Jan 23, 2024.

Shelby Tucker, a top 33% analyst from RBC Capital upgrades DUK to a buy rating and raises their DUK price target from $101.00 to $113.00, on Jan 10, 2024.

Sophie Karp, a bottom 3% analyst from KeyBanc maintains DUK with a strong buy rating and raises their DUK price target from $106.00 to $107.00, on Jan 4, 2024.

Christopher Turnure, a top 34% analyst from JP Morgan maintains DUK with a hold rating and raises their DUK price target from $98.00 to $101.00, on Nov 29, 2023.

Stephen Byrd, a top 6% analyst from Morgan Stanley maintains DUK with a hold rating and raises their DUK price target from $93.00 to $95.00, on Nov 21, 2023.

You can dive deeper into what analysts are saying on the Duke Energy stock forecast page.

DUK Technicals

SMA10
95.79
SMA20
95.52
SMA50
94.12
SMA100
94.81
SMA200
92.63
MACD
0.24
MACD Signal
0.48
MACD Histogram
-0.23
RSI
44.09
Stochastic %K
30.7
Stochastic %D
44.81
StochRSI %K
10.3
StochRSI %D
26.24

DUK Earnings

Last year, DUK earnings were $2.74B. Over the last 5 year, DUK's earnings have increased by -1.2% per year. This was slower than the Utilities - Regulated Electric industry average of 2.57%.

Last year, DUK revenue was $29.06B. Over the last 5 year, DUK's revenue has grown by 3.46% per year. This was slower than the Utilities - Regulated Electric industry average of 4.03%.

Find out more about DUK's earnings and revenue performance here.

Are DUK insiders buying or selling the stock?

In the past 12 months, executives and large shareholders at DUK have sold more shares than they have bought.

Kodwo Gharteytagoe, EVP CLO Corp Sec of DUK, was the latest DUK insider to sell. They sold $77,707.74 worth of DUK shares on Feb 24, 2024.

Research more about who owns DUK stock here.

Does DUK stock generate passive income?

Duke Energy pays a dividend of 4.33%, compared to the Utilities - Regulated Electric industry's average dividend yield of 4.09%. If you owned $1,000 worth of DUK stock, you would have been paid $43.34 in the past year.

Duke Energy dividend payments have consistently grown over the past decade and have remained stable.

Get more data about Duke Energy dividend yield and history here.

What do other investors have to say about DUK?

One of the reasons eToro is our top-rated brokerage is because of its social trading community.

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Step 5: Make your DUK buy order

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a given price limit, use a limit order.

Hit the Open Trade button and your broker will execute the order.

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Step 6: Keep tabs on your DUK investment

Now that you own some shares in DUK, you'll want to stay up-to-date on your new shares.

Make a watchlist to get notified of important updates regarding your DUK stock.

DUK Feed

How to Buy Stock in Duke Energy

To summarize, here are the 6 steps to buy stock in Duke Energy:

  1. Decide where to buy Duke Energy stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Analyze Duke Energy stock
  5. Make your DUK buy order
  6. Keep tabs on your DUK investment

If you require a brokerage account, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to monitor your new investment in Duke Energy, create your watchlist below.

NYSE: DUK
$94.13-0.77 (-0.81%)
Updated Apr 15, 2024
Open eToro Account
NYSE: DUK
$94.13-0.77 (-0.81%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Duke Energy share?

As of Apr 15, 2024, it costs $94.13 to buy one share of Duke Energy stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.106 shares of DUK.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Duke Energy stock?

According to 10 Wall Street analysts who monitor Duke Energy, their consensus recommendation is to buy Duke Energy stock.

What is the best way to buy Duke Energy stock?

One way to place an order for Duke Energy stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.