Zacks Research Predicts Reduced Earnings for Duke Energy

Duke Energy Co. (NYSE:DUK) – Research analysts at Zacks Research decreased their FY2024 earnings per share estimates for shares of Duke Energy in a report issued on Tuesday, December 3rd. Zacks Research analyst A. Dutta now forecasts that the utilities provider will post earnings per share of $5.91 for the year, down from their previous forecast of $5.92. 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 Q1 2025 earnings at $1.50 EPS, Q3 2025 earnings at $1.69 EPS, Q4 2025 earnings at $1.93 EPS, Q1 2026 earnings at $1.70 EPS, Q3 2026 earnings at $1.79 EPS and FY2026 earnings at $6.69 EPS.

Duke Energy (NYSE:DUK) last announced its 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). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the prior year, the business earned $1.94 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year.

DUK has been the subject of several other research reports. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Jefferies Financial Group started coverage on Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price for the company. The Goldman Sachs Group raised their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, 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. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $121.69.

Duke Energy Trading Up 0.7 %

Shares of Duke Energy stock opened at $114.02 on Thursday. The stock has a fifty day moving average price of $115.01 and a 200-day moving average price of $110.49. Duke Energy has a 1 year low of $90.09 and a 1 year high of $121.25. The firm has a market cap of $88.08 billion, a PE ratio of 20.96, a P/E/G ratio of 3.00 and a beta of 0.47. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.67%. Duke Energy’s payout ratio is 76.84%.

Institutional Trading of Duke Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy during the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC bought a new position in shares of Duke Energy during the third quarter valued at approximately $30,000. Sachetta LLC raised its holdings in shares of Duke Energy by 41.9% during the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 96 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Duke Energy during the third quarter valued at approximately $38,000. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of Duke Energy by 100.0% during the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 167 shares in the last quarter. 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.