Zacks Research Research Analysts Lift Earnings Estimates for Duke Energy Co. (NYSE:DUK)

Duke Energy Co. (NYSE:DUK) – Zacks Research increased their Q2 2024 earnings estimates for shares of Duke Energy in a note issued to investors on Thursday, May 2nd. Zacks Research analyst A. Dutta now forecasts that the utilities provider will earn $0.97 per share for the quarter, up from their prior forecast of $0.92. The consensus estimate for Duke Energy’s current full-year earnings is $5.98 per share. Zacks Research also issued estimates for Duke Energy’s Q2 2025 earnings at $1.16 EPS, FY2025 earnings at $6.33 EPS, Q1 2026 earnings at $1.69 EPS and FY2026 earnings at $6.52 EPS.

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

DUK has been the subject of several other research reports. Scotiabank cut their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. BMO Capital Markets lowered their price objective on Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $101.00 to $113.00 in a research report on Wednesday, January 10th. Finally, Wells Fargo & Company reduced their target price on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $100.62.

Duke Energy Stock Up 1.8 %

DUK stock opened at $102.26 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $78.89 billion, a PE ratio of 28.81, a PEG ratio of 2.67 and a beta of 0.45. Duke Energy has a twelve month low of $83.06 and a twelve month high of $102.36. The stock has a 50-day simple moving average of $95.96 and a two-hundred day simple moving average of $94.37.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the transaction, the executive vice president now owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Seven Springs Wealth Group LLC raised its position in shares of Duke Energy by 20.9% during the 1st quarter. Seven Springs Wealth Group LLC now owns 33,569 shares of the utilities provider’s stock valued at $3,246,000 after buying an additional 5,796 shares in the last quarter. Delta Financial Advisors LLC raised its position in shares of Duke Energy by 1.6% during the 1st quarter. Delta Financial Advisors LLC now owns 9,954 shares of the utilities provider’s stock valued at $963,000 after buying an additional 158 shares in the last quarter. Capital Square LLC raised its position in shares of Duke Energy by 8.0% during the 1st quarter. Capital Square LLC now owns 8,483 shares of the utilities provider’s stock valued at $820,000 after buying an additional 631 shares in the last quarter. Meeder Advisory Services Inc. raised its position in shares of Duke Energy by 3.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 8,249 shares of the utilities provider’s stock valued at $798,000 after buying an additional 305 shares in the last quarter. Finally, Fiduciary Family Office LLC purchased a new stake in shares of Duke Energy during the 1st quarter valued at about $211,000. Institutional investors own 65.31% of the company’s stock.

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.