Brokers Issue Forecasts for Duke Energy FY2024 Earnings

Duke Energy Co. (NYSE:DUK - Free Report) - Seaport Res Ptn lowered their FY2024 earnings per share estimates for shares of Duke Energy in a research report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings per share of $5.92 for the year, down from their previous estimate of $5.98. The consensus estimate for Duke Energy's current full-year earnings is $5.95 per share.

Several other research analysts have also issued reports on DUK. Scotiabank increased their price target on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Barclays lifted their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. KeyCorp downgraded shares of Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. Mizuho raised shares of Duke Energy from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Finally, Morgan Stanley dropped their price target on shares of Duke Energy from $122.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Six investment 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 a consensus target price of $122.23.

Duke Energy Stock Up 0.3 %

DUK traded up $0.30 during midday trading on Tuesday, hitting $106.67. The company had a trading volume of 2,976,348 shares, compared to its average volume of 3,124,937. 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 stock's 50 day moving average price is $111.54 and its 200 day moving average price is $111.59. The company has a market capitalization of $82.40 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.90 and a beta of 0.49. Duke Energy has a 52 week low of $90.09 and a 52 week high of $121.25.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Duke Energy's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.94 earnings per share.

Hedge Funds Weigh In On Duke Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its holdings in Duke Energy by 2.8% in the 2nd quarter. Private Advisor Group LLC now owns 75,097 shares of the utilities provider's stock worth $7,527,000 after acquiring an additional 2,052 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Duke Energy by 501.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 98,136 shares of the utilities provider's stock valued at $9,836,000 after buying an additional 81,825 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Duke Energy in the 2nd quarter worth approximately $103,000. Chris Bulman Inc purchased a new position in Duke Energy in the 2nd quarter valued at approximately $80,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Duke Energy during the second quarter worth $2,586,000. Institutional investors own 65.31% of the company's stock.

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.