Q4 EPS Estimates for Duke Energy Decreased by Zacks Research

Duke Energy Co. (NYSE:DUK) – Investment analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for shares of Duke Energy in a report released on Tuesday, December 3rd. Zacks Research analyst A. Dutta now anticipates that the utilities provider will post earnings per share of $1.67 for the quarter, down from their previous estimate of $1.68. 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 Q2 2026 earnings at $1.41 EPS.

Several other analysts have also commented 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 report on Tuesday, October 15th. Barclays lifted their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Bank of America increased their price target on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Scotiabank increased their target price on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.69.

Duke Energy Price Performance

Shares of NYSE DUK opened at $112.04 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The stock has a market capitalization of $86.55 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 3.00 and a beta of 0.47. The firm’s 50 day simple moving average is $115.01 and its 200-day simple moving average is $110.49. Duke Energy has a 12 month low of $90.09 and a 12 month high of $121.25.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS 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 company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period last year, the business earned $1.94 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CX Institutional boosted its stake in Duke Energy by 5.9% during the second quarter. CX Institutional now owns 3,135 shares of the utilities provider’s stock worth $314,000 after buying an additional 174 shares during the last quarter. QRG Capital Management Inc. increased its position in Duke Energy by 4.6% during the second quarter. QRG Capital Management Inc. now owns 114,439 shares of the utilities provider’s stock worth $11,470,000 after purchasing an additional 5,021 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Duke Energy in the 2nd quarter valued at about $213,000. Atlas Private Wealth Advisors purchased a new stake in shares of Duke Energy in the 2nd quarter valued at approximately $384,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Duke Energy by 6.5% during the 2nd quarter. Sound Income Strategies LLC now owns 1,706 shares of the utilities provider’s stock worth $171,000 after buying an additional 104 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Dividend Announcement

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

About Duke Energy

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.