Duke Energy FY2024 EPS Estimate Decreased by Zacks Research

Duke Energy Co. (NYSE:DUK) – Analysts at Zacks Research lowered their FY2024 earnings estimates for shares of Duke Energy in a note issued to investors on Tuesday, December 3rd. Zacks Research analyst A. Dutta now anticipates 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 released its earnings results 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). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the prior year, the business posted $1.94 earnings per share. Duke Energy’s quarterly revenue was up 2.1% compared to the same quarter last year.

A number of other research firms have also recently commented on DUK. Wells Fargo & Company lifted their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Scotiabank lifted their target price on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.69.

Duke Energy Trading Down 0.3 %

DUK stock opened at $113.30 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The company has a fifty day moving average price of $115.03 and a two-hundred day moving average price of $110.46. Duke Energy has a one year low of $90.09 and a one year high of $121.25. The stock has a market cap of $87.52 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 3.00 and a beta of 0.47.

Duke Energy Dividend Announcement

The firm also recently announced 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. This represents a $4.18 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 76.84%.

Institutional Trading of Duke Energy

Several hedge funds and other institutional investors have recently made changes to their positions in DUK. Old North State Trust LLC boosted its holdings in 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 valued at $3,128,000 after acquiring an additional 169 shares during the last quarter. Tidal Investments LLC boosted its holdings in Duke Energy by 3.0% in the third quarter. Tidal Investments LLC now owns 24,787 shares of the utilities provider’s stock valued at $2,858,000 after acquiring an additional 719 shares during the last quarter. Blankinship & Foster LLC bought a new stake in Duke Energy in the third quarter valued at approximately $4,695,000. Destination Wealth Management boosted its holdings in Duke Energy by 27.9% in the third quarter. Destination Wealth Management now owns 4,895 shares of the utilities provider’s stock valued at $564,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in Duke Energy by 250.1% in the third 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 during the period. 65.31% of the stock is currently 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.