What’s Ahead for Duke Energy Stock?



Duke Energy: market performance in 2016

As we’ve already discussed in this series, Duke Energy (DUK) rallied 9% in 2016, roughly tracking the Utilities Select Sector SPDR (XLU). Dominion Resources (D) rose 12% in 2016, while Peer NextEra Energy (NEE) rose 15%, and Exelon (EXC) managed to gain more than 25% in the same period.

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But US utilities were mostly headed downward in 2H16, influenced by the Federal Reserve’s interest rate hike commentary. As the increased possibility of a rate hike heats up and hampers utilities, better-than-expected earnings may soothe investors in 2017.

For more details, check out Market Realist’s series Hawkish Fed or Helpful Weather: What Will Drive Utilities in 2017?

Continue to the next part for a look at dividend yields.

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