Scotiabank Comments on Duke Energy FY2024 Earnings

Duke Energy Co. (NYSE:DUK - Free Report) - Investment analysts at Scotiabank issued their FY2024 earnings per share estimates for shares of Duke Energy in a research report issued on Wednesday, January 8th. Scotiabank analyst A. Weisel forecasts that the utilities provider will post earnings of $5.95 per share for the year. Scotiabank has a "Sector Perform" rating and a $120.00 price target 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.

Several other research firms have also recently weighed in on DUK. Jefferies Financial Group assumed coverage on Duke Energy in a report on Thursday, September 19th. They set a "buy" rating and a $138.00 price target for the company. Barclays raised their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. KeyCorp lowered shares of Duke Energy from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 22nd. Mizuho upgraded 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 report on Tuesday, October 15th. Finally, BMO Capital Markets lifted their price target on Duke Energy from $120.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 18th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.23.

Duke Energy Stock Down 2.1 %

DUK opened at $105.93 on Monday. 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 50-day simple moving average of $111.00 and a two-hundred day simple moving average of $111.79. The company has a market capitalization of $81.83 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 2.88 and a beta of 0.47.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Aprio Wealth Management LLC lifted its holdings in Duke Energy by 62.0% during the 4th quarter. Aprio Wealth Management LLC now owns 3,782 shares of the utilities provider's stock valued at $407,000 after buying an additional 1,448 shares in the last quarter. Czech National Bank raised its stake in shares of Duke Energy by 6.5% during the fourth quarter. Czech National Bank now owns 167,490 shares of the utilities provider's stock valued at $18,045,000 after acquiring an additional 10,246 shares in the last quarter. Graypoint LLC boosted its holdings in shares of Duke Energy by 2.7% in the fourth quarter. Graypoint LLC now owns 5,151 shares of the utilities provider's stock valued at $555,000 after purchasing an additional 133 shares during the period. RMR Wealth Builders increased its holdings in Duke Energy by 8.5% during the 4th quarter. RMR Wealth Builders now owns 15,594 shares of the utilities provider's stock worth $1,680,000 after purchasing an additional 1,222 shares during the period. Finally, Atlas Brown Inc. raised its position in Duke Energy by 4.5% during the 4th quarter. Atlas Brown Inc. now owns 10,759 shares of the utilities provider's stock valued at $1,159,000 after purchasing an additional 465 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Friday, February 14th. Duke Energy's dividend payout ratio is currently 76.84%.

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.