Duke Energy Co. (NYSE:DUK - Free Report) - Stock analysts at Zacks Research dropped their Q4 2024 earnings per share estimates for Duke Energy in a research note issued 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.
DUK has been the subject of several other research reports. Barclays upped their price target on Duke Energy from $102.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. BMO Capital Markets lifted their price objective on Duke Energy from $120.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, September 18th. KeyCorp cut Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. Royal Bank of Canada restated an "outperform" rating and issued a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Finally, Scotiabank lifted their price target on shares of Duke Energy from $104.00 to $113.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Duke Energy has an average rating of "Moderate Buy" and an average price target of $121.69.
Check Out Our Latest Analysis on DUK
Duke Energy Stock Performance
Duke Energy stock traded down $1.91 during mid-day trading on Friday, reaching $112.10. The company had a trading volume of 2,797,474 shares, compared to its average volume of 3,055,364. The company has a 50 day moving average of $115.01 and a 200-day moving average of $110.49. Duke Energy has a 52 week low of $90.09 and a 52 week high of $121.25. 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 cap of $86.60 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 3.00 and a beta of 0.47.
Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts' consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 earnings per share.
Duke Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.73%. Duke Energy's dividend payout ratio (DPR) is presently 76.84%.
Hedge Funds Weigh In On Duke Energy
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Old North State Trust LLC lifted its stake in shares of Duke Energy by 0.6% in the third quarter. Old North State Trust LLC now owns 27,125 shares of the utilities provider's stock worth $3,128,000 after acquiring an additional 169 shares during the period. Tidal Investments LLC lifted its position in shares of Duke Energy by 3.0% during the 3rd quarter. Tidal Investments LLC now owns 24,787 shares of the utilities provider's stock worth $2,858,000 after buying an additional 719 shares in the last quarter. Blankinship & Foster LLC purchased a new stake in shares of Duke Energy during the 3rd quarter worth approximately $4,695,000. Destination Wealth Management grew its stake in shares of Duke Energy by 27.9% during the 3rd quarter. Destination Wealth Management now owns 4,895 shares of the utilities provider's stock worth $564,000 after acquiring an additional 1,067 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in Duke Energy by 250.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 31,260 shares of the utilities provider's stock valued at $3,604,000 after buying an additional 22,332 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Duke Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Duke Energy wasn't on the list.
While Duke Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
