FY2024 EPS Estimates for Duke Energy Reduced by Analyst

Duke Energy Co. (NYSE:DUK) – Equities research analysts at Zacks Research dropped their FY2024 EPS estimates for shares of Duke Energy in a note issued to investors on Tuesday, December 3rd. Zacks Research analyst A. Dutta now forecasts that the utilities provider will post earnings of $5.91 per share for the year, down from their previous estimate of $5.92. The consensus estimate for Duke Energy’s current full-year earnings is $5.96 per share. Zacks Research also issued estimates for Duke Energy’s Q1 2025 earnings at $1.50 EPS, Q3 2025 earnings at $1.69 EPS, Q4 2025 earnings at $1.93 EPS, Q1 2026 earnings at $1.70 EPS, Q3 2026 earnings at $1.79 EPS and FY2026 earnings at $6.69 EPS.

A number of other equities research analysts also recently weighed in on DUK. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Scotiabank upped their target price on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley reduced their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $121.69.

Duke Energy Stock Performance

NYSE:DUK opened at $112.04 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $86.55 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 3.00 and a beta of 0.47. Duke Energy has a twelve month low of $90.09 and a twelve month high of $121.25. The stock’s 50-day simple moving average is $115.01 and its 200 day simple moving average is $110.49.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.73%. Duke Energy’s payout ratio is 76.84%.

Institutional Trading of Duke Energy

A number of large investors have recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in Duke Energy in the third quarter worth approximately $29,000. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy in the 3rd quarter valued at $30,000. Sachetta LLC lifted its position in shares of Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 96 shares during the period. Reston Wealth Management LLC bought a new position in Duke Energy during the third quarter worth $38,000. Finally, Catalyst Capital Advisors LLC grew its holdings in Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 167 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.