Duke Energy was dull on the streets lately
Like many of its peer utility stocks, Duke Energy (DUK) has traded in a narrow range during the last several trading sessions. Duke Energy stock has lost nearly 2% in the last year. Its total return in the same period also lags behind the Utilities Select Sector SPDR ETF (XLU).
US utilities stocks were charging uphill at this time in 2016. However, the situation looks quite different this year due to expected rate hikes. Much depends on the pace of the Federal Reserve’s interest rate hike, considering its aggressive target for 2017.