Seaport Res Ptn Boosts Earnings Estimates for Duke Energy

Duke Energy Co. (NYSE:DUK) – Investment analysts at Seaport Res Ptn raised their FY2026 earnings per share (EPS) estimates for shares of Duke Energy in a research report issued to clients and investors on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $6.73 for the year, up from their previous estimate of $6.72. The consensus estimate for Duke Energy’s current full-year earnings is $5.98 per share.

DUK has been the subject of several other reports. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Evercore ISI boosted their target price on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company lifted their price target on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group boosted their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Duke Energy Stock Performance

Shares of DUK opened at $112.52 on Monday. The firm has a fifty day moving average of $115.83 and a 200-day moving average of $108.46. Duke Energy has a 1 year low of $86.61 and a 1 year high of $121.25. The company has a market cap of $86.89 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 3.15 and a beta of 0.47. 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 (NYSE:DUK) last posted its quarterly earnings data 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 net margin of 14.29% and a return on equity of 9.71%. The company had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. During the same period in the prior year, the company posted $0.91 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date of this dividend 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 is currently 76.98%.

Insider Activity

In other news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the transaction, the executive vice president now owns 19,884 shares in the company, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fortitude Family Office LLC raised its holdings in shares of Duke Energy by 69.6% in the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of Duke Energy during the second quarter worth $30,000. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy during the third quarter valued at $30,000. Cedar Wealth Management LLC raised its stake in shares of Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after buying an additional 169 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Duke Energy in the first quarter valued at approximately $36,000. 65.31% of the stock is owned by institutional investors.

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.