Seaport Res Ptn Weighs in on Duke Energy Co.’s FY2024 Earnings (NYSE:DUK)

Duke Energy Co. (NYSE:DUK) – Research analysts at Seaport Res Ptn decreased their FY2024 earnings per share (EPS) estimates for Duke Energy in a research report issued on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings per share of $5.98 for the year, down from their previous forecast of $6.00. The consensus estimate for Duke Energy’s current full-year earnings is $5.98 per share. Seaport Res Ptn also issued estimates for Duke Energy’s FY2025 earnings at $6.35 EPS and FY2026 earnings at $6.73 EPS.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share.

Other analysts have also recently issued reports about the company. Scotiabank cut their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $101.00 to $113.00 in a research report on Wednesday, January 10th. KeyCorp lifted their price objective on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Wells Fargo & Company cut their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Finally, BMO Capital Markets cut their price objective on Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Duke Energy presently has an average rating of “Hold” and an average price target of $100.62.

Duke Energy Stock Down 1.3 %

NYSE DUK opened at $97.71 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The stock has a market capitalization of $75.38 billion, a PE ratio of 27.52, a PEG ratio of 2.60 and a beta of 0.46. Duke Energy has a 1 year low of $83.06 and a 1 year high of $100.13. The business’s 50-day moving average is $94.84 and its 200 day moving average is $93.80.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Duke Energy

A number of institutional investors have recently bought and sold shares of DUK. Northwest Investment Counselors LLC bought a new position in Duke Energy in the 1st quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in Duke Energy during the fourth quarter valued at about $26,000. Private Wealth Management Group LLC bought a new stake in Duke Energy during the fourth quarter valued at about $26,000. FSC Wealth Advisors LLC bought a new stake in Duke Energy during the third quarter valued at about $29,000. Finally, Riverview Trust Co bought a new stake in Duke Energy during the first quarter valued at about $30,000. 65.31% of the stock is owned by institutional investors.

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.