Q4 EPS Estimates for Duke Energy Reduced by Zacks Research

Duke Energy Co. (NYSE:DUK) – Analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for Duke Energy in a note issued to investors on Tuesday, December 3rd. Zacks Research analyst A. Dutta now expects that the utilities provider will earn $1.67 per share for the quarter, down from their previous estimate 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 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 during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Duke Energy’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.94 earnings per share.

Several other research firms have also recently commented on DUK. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a report on Thursday, August 29th. Scotiabank raised their target price on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group boosted their price target on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Morgan Stanley reduced their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.69.

Duke Energy Stock Up 0.7 %

NYSE DUK opened at $114.02 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 cap of $88.08 billion, a PE ratio of 20.96, a PEG ratio of 3.00 and a beta of 0.47. The firm has a 50-day simple moving average of $115.01 and a 200 day simple moving average of $110.49. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70.

Duke Energy Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DUK. Legacy Investment Solutions LLC bought a new position in Duke Energy in the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy in the 3rd quarter valued at $30,000. Sachetta LLC raised its position in shares of Duke Energy by 41.9% during the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 96 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Duke Energy during the third quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in Duke Energy by 100.0% in 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 during the last quarter. 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.