Duke Energy FY2027 EPS Estimate Boosted by Seaport Res Ptn

Duke Energy Co. (NYSE:DUK) – Analysts at Seaport Res Ptn increased their FY2027 earnings estimates for shares of Duke Energy in a research note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $7.14 per share for the year, up from their prior estimate of $7.07. 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 FY2028 earnings at $7.56 EPS.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping 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 firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. During the same period in the previous year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.

A number of other equities research analysts have also weighed in on DUK. Morgan Stanley lifted their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Bank of America lifted their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a report on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Price Performance

DUK stock opened at $112.68 on Friday. Duke Energy has a 12 month low of $86.61 and a 12 month high of $121.25. The company has a 50-day moving average price of $115.84 and a 200 day moving average price of $108.25. The stock has a market cap of $87.01 billion, a PE ratio of 20.75, a P/E/G ratio of 3.11 and a beta of 0.47. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56.

Institutional Trading of Duke Energy

Large investors have recently bought and sold shares of the stock. Fortitude Family Office LLC grew its position in Duke Energy by 69.6% during the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 119 shares during the last quarter. Olistico Wealth LLC purchased a new stake in Duke Energy during the 2nd quarter worth approximately $30,000. Northwest Investment Counselors LLC purchased a new stake in Duke Energy during the 3rd quarter worth approximately $30,000. Cedar Wealth Management LLC grew its position in Duke Energy by 101.2% during the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Duke Energy during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction that occurred 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 transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Duke Energy Dividend Announcement

The company 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. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is currently 76.98%.

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.