Scotiabank Predicts Duke Energy FY2024 Earnings

Duke Energy Co. (NYSE:DUKFree Report) – Analysts at Scotiabank issued their FY2024 EPS estimates for Duke Energy in a research note issued on Wednesday, January 8th. Scotiabank analyst A. Weisel expects that the utilities provider will post earnings per share of $5.95 for the year. Scotiabank has a “Sector Perform” rating and a $120.00 price objective on the stock. The consensus estimate for Duke Energy’s current full-year earnings is $5.95 per share. Scotiabank also issued estimates for Duke Energy’s FY2025 earnings at $6.37 EPS.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings data 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 net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The company’s revenue was up 2.1% compared to the same quarter last year.

Several other research analysts have also recently issued reports on DUK. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. BMO Capital Markets boosted their price target on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Barclays lifted their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley reduced their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.23.

Get Our Latest Stock Analysis on DUK

Duke Energy Stock Down 2.1 %

Shares of NYSE DUK opened at $105.93 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy has a 1 year low of $90.09 and a 1 year high of $121.25. The stock has a market capitalization of $81.83 billion, a P/E ratio of 19.47, a P/E/G ratio of 2.88 and a beta of 0.47. The company has a 50-day moving average price of $111.00 and a 200-day moving average price of $111.79.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. PBMares Wealth Management LLC increased its stake in Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after acquiring an additional 86 shares during the last quarter. Castleview Partners LLC grew its holdings in shares of Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 90 shares during the last quarter. Kanawha Capital Management LLC lifted its stake in Duke Energy by 1.4% in the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 92 shares during the last quarter. Baron Wealth Management LLC grew its stake in shares of Duke Energy by 3.5% during the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after buying an additional 92 shares during the last quarter. Finally, Chicago Capital LLC lifted its stake in shares of Duke Energy by 0.9% in the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after acquiring an additional 93 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio is 76.84%.

About Duke Energy

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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.

See Also

Earnings History and Estimates for Duke Energy (NYSE:DUK)

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