We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Duke Energy (DUK) Outperforming Other Utilities Stocks This Year?
Read MoreHide Full Article
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Duke Energy (DUK - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Duke Energy is one of 107 companies in the Utilities group. The Utilities group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Duke Energy is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DUK's full-year earnings has moved 0.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that DUK has returned about 13.9% since the start of the calendar year. In comparison, Utilities companies have returned an average of 10.9%. This means that Duke Energy is performing better than its sector in terms of year-to-date returns.
Another stock in the Utilities sector, Telefonica Brasil (VIV - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 31.7%.
In Telefonica Brasil's case, the consensus EPS estimate for the current year increased 17.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Duke Energy belongs to the Utility - Electric Power industry, a group that includes 58 individual companies and currently sits at #82 in the Zacks Industry Rank. On average, this group has gained an average of 12.1% so far this year, meaning that DUK is performing better in terms of year-to-date returns.
Telefonica Brasil, however, belongs to the Diversified Communication Services industry. Currently, this 18-stock industry is ranked #148. The industry has moved +3.9% so far this year.
Duke Energy and Telefonica Brasil could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Is Duke Energy (DUK) Outperforming Other Utilities Stocks This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Duke Energy (DUK - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Duke Energy is one of 107 companies in the Utilities group. The Utilities group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Duke Energy is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DUK's full-year earnings has moved 0.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that DUK has returned about 13.9% since the start of the calendar year. In comparison, Utilities companies have returned an average of 10.9%. This means that Duke Energy is performing better than its sector in terms of year-to-date returns.
Another stock in the Utilities sector, Telefonica Brasil (VIV - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 31.7%.
In Telefonica Brasil's case, the consensus EPS estimate for the current year increased 17.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Duke Energy belongs to the Utility - Electric Power industry, a group that includes 58 individual companies and currently sits at #82 in the Zacks Industry Rank. On average, this group has gained an average of 12.1% so far this year, meaning that DUK is performing better in terms of year-to-date returns.
Telefonica Brasil, however, belongs to the Diversified Communication Services industry. Currently, this 18-stock industry is ranked #148. The industry has moved +3.9% so far this year.
Duke Energy and Telefonica Brasil could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.