Seaport Res Ptn Decreases Earnings Estimates for Duke Energy

Duke Energy Corporation (NYSE:DUK) – Equities research analysts at Seaport Res Ptn lowered their FY2025 earnings per share estimates for Duke Energy in a report released on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $6.31 for the year, down from their prior estimate of $6.34. The consensus estimate for Duke Energy’s current full-year earnings is $6.33 per share. Seaport Res Ptn also issued estimates for Duke Energy’s FY2026 earnings at $6.68 EPS.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.17. The company had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 earnings per share.

Several other equities analysts have also issued reports on the company. Morgan Stanley lowered their target price on Duke Energy from $125.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. Citigroup upped their target price on Duke Energy from $130.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Barclays lowered their target price on Duke Energy from $123.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 1st. Raymond James Financial started coverage on Duke Energy in a research report on Friday, June 13th. They set a “market perform” rating on the stock. Finally, Wells Fargo & Company upped their target price on Duke Energy from $127.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $127.25.

Duke Energy Stock Performance

Shares of DUK stock opened at $120.58 on Wednesday. The business’s 50 day simple moving average is $117.09 and its 200 day simple moving average is $116.70. Duke Energy has a one year low of $105.20 and a one year high of $125.27. The stock has a market capitalization of $93.72 billion, a PE ratio of 20.00, a PEG ratio of 2.99 and a beta of 0.37. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.50.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be paid a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio is 69.32%.

Institutional Investors Weigh In On Duke Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Activest Wealth Management boosted its position in Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares during the period. Vermillion Wealth Management Inc. bought a new position in Duke Energy during the fourth quarter worth about $27,000. Wayfinding Financial LLC bought a new position in Duke Energy during the first quarter worth about $27,000. N.E.W. Advisory Services LLC bought a new position in Duke Energy during the first quarter worth about $27,000. Finally, Mattson Financial Services LLC bought a new position in Duke Energy in the 4th quarter worth about $28,000. 65.31% of the stock is currently 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.