Q4 2023 EPS Estimates for Duke Energy Co. (NYSE:DUK) Lifted by KeyCorp

Duke Energy Co. (NYSE:DUK – Get Rating) – Research analysts at KeyCorp increased their Q4 2023 EPS estimates for shares of Duke Energy in a report issued on Tuesday, May 23rd. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $1.34 for the quarter, up from their prior estimate of $1.25. The consensus estimate for Duke Energy’s current full-year earnings is $5.62 per share.

Several other brokerages have also recently issued reports on DUK. Wells Fargo & Company lowered their price objective on shares of Duke Energy from $111.00 to $103.00 and set an “equal weight” rating for the company in a research note on Friday, February 10th. Royal Bank of Canada lowered their price objective on shares of Duke Energy from $116.00 to $112.00 and set a “sector perform” rating for the company in a research note on Thursday, February 16th. Seaport Res Ptn raised shares of Duke Energy from a “sell” rating to a “neutral” rating in a research note on Friday, March 17th. Morgan Stanley lifted their target price on shares of Duke Energy from $99.00 to $108.00 and gave the company an “equal weight” rating in a report on Thursday, April 20th. Finally, StockNews.com initiated coverage on shares of Duke Energy in a report on Thursday, May 18th. They set a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Duke Energy currently has an average rating of “Hold” and an average target price of $105.60.

Duke Energy Stock Down 0.7 %

DUK stock opened at $90.16 on Wednesday. Duke Energy has a one year low of $83.76 and a one year high of $114.50. The company has a 50 day moving average price of $96.74 and a two-hundred day moving average price of $98.63. The stock has a market capitalization of $69.48 billion, a P/E ratio of 27.74, a PEG ratio of 2.65 and a beta of 0.43. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.53 and a current ratio of 0.77.

Duke Energy (NYSE:DUK – Get Rating) last issued its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The business had revenue of $7.28 billion for the quarter, compared to analysts’ expectations of $6.26 billion. Duke Energy had a return on equity of 8.39% and a net margin of 8.89%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the business earned $1.30 earnings per share.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 12th will be issued a $1.005 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $4.02 dividend on an annualized basis and a yield of 4.46%. Duke Energy’s dividend payout ratio is currently 123.69%.

Hedge Funds Weigh In On Duke Energy

A number of institutional investors have recently added to or reduced their stakes in DUK. Fayez Sarofim & Co raised its stake in Duke Energy by 6.9% during the third quarter. Fayez Sarofim & Co now owns 69,231 shares of the utilities provider’s stock worth $6,440,000 after acquiring an additional 4,442 shares during the period. HighTower Advisors LLC increased its stake in shares of Duke Energy by 13.0% during the fourth quarter. HighTower Advisors LLC now owns 508,201 shares of the utilities provider’s stock valued at $52,363,000 after acquiring an additional 58,340 shares during the period. Ameritas Advisory Services LLC increased its stake in shares of Duke Energy by 4.8% during the third quarter. Ameritas Advisory Services LLC now owns 18,999 shares of the utilities provider’s stock valued at $1,767,000 after acquiring an additional 867 shares during the period. Cyndeo Wealth Partners LLC acquired a new position in shares of Duke Energy during the fourth quarter valued at approximately $413,000. Finally, Valmark Advisers Inc. increased its stake in shares of Duke Energy by 66.2% during the fourth quarter. Valmark Advisers Inc. now owns 5,232 shares of the utilities provider’s stock valued at $539,000 after acquiring an additional 2,084 shares during the period. Institutional investors and hedge funds own 63.22% of the company’s stock.

Duke Energy Company Profile

(Get Rating)

Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities & Infrastructure and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in regulated electric utilities in the Carolinas, Florida and the Midwest.