Q4 EPS Estimates for Duke Energy Lowered by Zacks Research

Duke Energy Co. (NYSE:DUK) – Zacks Research decreased their Q4 2024 earnings estimates for shares of Duke Energy in a research note issued to investors on Tuesday, December 3rd. Zacks Research analyst A. Dutta now forecasts that the utilities provider will post earnings of $1.67 per share for the quarter, down from their prior forecast 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.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate 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%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.94 earnings per share.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group initiated coverage on shares of Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Scotiabank increased their target price on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets raised their price target on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Finally, Morgan Stanley dropped their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $121.69.

Duke Energy Trading Down 1.7 %

DUK stock opened at $112.04 on Friday. Duke Energy has a twelve month low of $90.09 and a twelve month high of $121.25. The stock has a market capitalization of $86.55 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 3.00 and a beta of 0.47. 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’s fifty day simple moving average is $115.01 and its two-hundred day simple moving average is $110.49.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 3.73%. Duke Energy’s payout ratio is 76.84%.

Institutional Investors Weigh In On Duke Energy

A number of large investors have recently modified their holdings of DUK. Old North State Trust LLC boosted its stake in Duke Energy by 0.6% in the 3rd quarter. Old North State Trust LLC now owns 27,125 shares of the utilities provider’s stock worth $3,128,000 after purchasing an additional 169 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Duke Energy by 3.0% during the third 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 during the period. Blankinship & Foster LLC acquired a new position in shares of Duke Energy in the 3rd quarter valued at $4,695,000. Destination Wealth Management lifted its position in 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% during 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 purchasing an additional 22,332 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

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.