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 $99.03, up 0.07% from the previous day, and has decreased 0.71% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.09 percentage points. Duke Energy stock is currently +19.23% from its 52-week low of $83.06, and -1.1% from its 52-week high of $100.13.
At the moment, there are 770.81M DUK shares outstanding. The market value of DUK is $76.33B. In the last 24 hours, 2.54M DUK shares were traded.
How to Buy Duke Energy Stock
Wondering how to invest in Duke Energy stock? Here's how.
- 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.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your method of payment and add your info.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
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.
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
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 27.97x, relative to Utilities - Regulated Electric industry P/E ratio of 16.59x
- DUK could be undervalued based on its P/B ratio of 1.55x, relative to Utilities - Regulated Electric industry P/B ratio of 1.64x
- DUK may be overvalued based on its PEG ratio of 1.14x
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 11 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
Neil Kalton, a top 15% analyst from Wells Fargo maintains DUK with a strong buy rating and lowers their DUK price target from $103.00 to $100.00, on Feb 9, 2024.
Durgesh Chopra, a top 29% 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 21% 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 33% 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.
You can dive deeper into what analysts are saying on the Duke Energy stock forecast page.
DUK Technicals
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 15.84%.
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 3.97%.
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 4.12%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.96%. If you owned $1,000 worth of DUK stock, you would have been paid $41.20 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.
Click below to learn what other traders have to say.
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.
If you want more info about investing in stocks on eToro, watch the how to video below:
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:
- Decide where to buy Duke Energy stock
- Sign up for your brokerage account
- Fund your brokerage account
- Analyze Duke Energy stock
- Make your DUK buy order
- Keep tabs on your DUK investment
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to monitor your new investment in Duke Energy, create your watchlist below.
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