Analysts Issue Forecasts for Duke Energy FY2027 Earnings

Duke Energy Co. (NYSE:DUK - Free Report) - Equities researchers at Seaport Res Ptn raised their FY2027 earnings per share estimates for Duke Energy in a note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will earn $7.14 per share for the year, up from their previous forecast of $7.07. The consensus estimate for Duke Energy's current full-year earnings is $5.98 per share. Seaport Res Ptn also issued estimates for Duke Energy's FY2028 earnings at $7.56 EPS.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business had revenue of $7.17 billion for the quarter, compared to analysts' expectations of $6.84 billion. During the same quarter in the prior year, the business earned $0.91 EPS. The firm's revenue for the quarter was up 9.0% on a year-over-year basis.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company upped their target price on Duke Energy from $110.00 to $122.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. Evercore ISI lifted their target price on Duke Energy from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Morgan Stanley boosted their target price on shares of Duke Energy from $114.00 to $120.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. The Goldman Sachs Group lifted their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Duke Energy from $111.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $121.85.

Duke Energy Stock Performance

DUK traded down $2.60 on Friday, reaching $112.67. The company had a trading volume of 3,712,389 shares, compared to its average volume of 3,044,565. The stock has a market cap of $87.00 billion, a P/E ratio of 20.75, a P/E/G ratio of 3.11 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. Duke Energy has a fifty-two week low of $86.61 and a fifty-two week high of $121.25. The company's fifty day moving average is $115.84 and its 200 day moving average is $108.14.

Institutional Investors Weigh In On Duke Energy

Several hedge funds have recently modified their holdings of the company. PBMares Wealth Management LLC grew its holdings in shares of Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider's stock worth $563,000 after purchasing an additional 86 shares during the last quarter. Pinnacle West Asset Management Inc. raised its stake in shares of Duke Energy by 2.1% during the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider's stock valued at $444,000 after acquiring an additional 90 shares during the last quarter. Castleview Partners LLC lifted its holdings in shares of Duke Energy by 4.9% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider's stock worth $224,000 after purchasing an additional 90 shares during the period. Kanawha Capital Management LLC increased its holdings 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 valued at $760,000 after purchasing an additional 92 shares during the period. Finally, Chicago Capital LLC raised its position in Duke Energy by 0.9% during the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider's stock worth $1,172,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Insider Buying and Selling

In related news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares of the company's stock, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.71%. Duke Energy's dividend payout ratio (DPR) is currently 76.98%.

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.