Duke Energy Corporation (Holdin – Consensus indicates 20.6% upside potential

Duke Energy Corporation (Holdin with the ticker code (DUK) now have 17 analysts covering the stock with the consensus suggesting a buy rating. The target price ranges between 120 and 94 with an average TP of 106.71. Now, with the previous closing price of 88.46, this would indicate that there is 20.6% upside potential. There is a 50 day moving average of 102.06 and the 200 moving average is now moving to 105.85. The company has a market capitalization of $68,289 million. Visit the company’s website at: https://www.duke-energy.com

The potential market capitalization would be $82,377 million based on market consensus.

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Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes and sells electricity in the Carolinas, Florida and the Midwest; and uses coal, hydroelectricity, natural gas, oil, renewable energy generation and nuclear fuel to generate electricity. It is also engaged in the wholesale sale of electricity to municipalities, cooperative electric utilities and load service entities. This segment serves approximately 8.2 million customers in 6 states in the Southeast and Midwest regions of the United States covering a service territory of approximately 91,000 square miles; and has approximately 50,259 megawatts (MW) of generating capacity. The Gas Utilities and Infrastructure segment distributes natural gas to residential, commercial, industrial and power generation customers; and owns, operates and invests in natural gas pipeline transportation and storage facilities. It has approximately 1.6 million customers, including 1.1 million customers in North Carolina, South Carolina and Tennessee, and 550,000 customers in southwestern Ohio and northern Kentucky. The Commercial Renewable Energy segment acquires, owns, develops, constructs and operates wind and solar renewable energy generation projects, including unregulated renewable energy and energy storage services for utilities, cooperatives utilities, municipalities and business customers. It has 23 wind, 178 solar and 2 battery storage facilities, as well as 71 fuel cell locations with a capacity of 3,554 MW in 22 states. The company was previously known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2005. The company was founded in 1904 and is headquartered in Charlotte, North Carolina.

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