FY2024 Earnings Forecast for Duke Energy Co. (NYSE:DUK) Issued By Seaport Res Ptn

Duke Energy Co. (NYSE:DUK) – Seaport Res Ptn cut their FY2024 EPS estimates for shares of 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 of $5.98 per share for the year, down from their previous estimate 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.

A number of other brokerages have also recently weighed in on DUK. Mizuho increased their price target on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Bank of America increased their price target on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Finally, Scotiabank reduced their price objective on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $100.62.

Duke Energy Price Performance

DUK stock opened at $98.69 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $76.14 billion, a P/E ratio of 27.80, a PEG ratio of 2.60 and a beta of 0.46. The business has a 50 day simple moving average of $94.98 and a 200-day simple moving average of $93.87. Duke Energy has a twelve month low of $83.06 and a twelve month high of $100.13.

Duke Energy (NYSE:DUK) last released its quarterly earnings data 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 company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS.

Institutional Investors Weigh In On Duke Energy

A number of large investors have recently bought and sold shares of the stock. FAS Wealth Partners Inc. lifted its position in shares of Duke Energy by 2.7% in the first quarter. FAS Wealth Partners Inc. now owns 29,036 shares of the utilities provider’s stock valued at $2,808,000 after acquiring an additional 759 shares in the last quarter. Field & Main Bank raised its stake in Duke Energy by 20.2% in the 1st quarter. Field & Main Bank now owns 5,817 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 977 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Duke Energy by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 935,091 shares of the utilities provider’s stock valued at $90,433,000 after purchasing an additional 14,835 shares in the last quarter. Phillips Wealth Planners LLC grew its holdings in shares of Duke Energy by 11.3% during the first quarter. Phillips Wealth Planners LLC now owns 6,483 shares of the utilities provider’s stock worth $602,000 after buying an additional 656 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. acquired a new position in shares of Duke Energy in the first quarter valued at approximately $30,135,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the firm’s 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 directly owns 14,213 shares in the company, valued at approximately $1,315,697.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.

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.