Duke Energy: A Strong Q2, But Shares Near Fair Value
DUKDuke Energy(DUK) Seeking Alpha·2024-08-08 14:47
OliverChilds Duke Energy (NYSE:DUK) reported a solid set of Q2 results. EPS topped estimates and its management team reaffirmed guidance. I have a hold rating on the stock, though. It’s a fundamentally sound company in my view, but shares are merely near fair value while its technical situation is encouraging, with the stock testing three-year highs.  The Utilities sector has been in favor over the past month as investors have rotated out of tech and high-growth stocks. Some might call it late-cycle beh ...