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 threeyear 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 behavior ...