Duke Energy Co. (NYSE:DUK) Expected to Earn Q4 2024 Earnings of $1.57 Per Share

Duke Energy Co. (NYSE:DUK) – Zacks Research dropped their Q4 2024 earnings estimates for shares of Duke Energy in a report released on Tuesday, August 27th. Zacks Research analyst A. Dutta now expects that the utilities provider will post earnings of $1.57 per share for the quarter, down from their previous estimate of $1.62. The consensus estimate for Duke Energy’s current full-year earnings is $5.97 per share. Zacks Research also issued estimates for Duke Energy’s Q2 2025 earnings at $1.20 EPS, Q3 2025 earnings at $1.92 EPS, Q2 2026 earnings at $1.25 EPS and FY2026 earnings at $6.40 EPS.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. The company had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share.

DUK has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Wells Fargo & Company increased their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Scotiabank raised their target price on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. The Goldman Sachs Group increased their price target on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Evercore ISI raised their price objective on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $113.92.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $113.95 on Friday. Duke Energy has a one year low of $83.06 and a one year high of $116.67. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The firm has a market cap of $87.94 billion, a price-to-earnings ratio of 28.63, a P/E/G ratio of 3.09 and a beta of 0.45. The stock’s fifty day moving average price is $107.96 and its two-hundred day moving average price is $101.26.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be paid a $1.045 dividend. The ex-dividend date is Friday, August 16th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 annualized dividend and a yield of 3.67%. Duke Energy’s dividend payout ratio (DPR) is 105.03%.

Insider Activity

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Duke Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in Duke Energy in the 4th quarter valued at approximately $500,000. Certuity LLC raised its position in Duke Energy by 20.2% during the 4th quarter. Certuity LLC now owns 3,268 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 549 shares during the last quarter. Mission Wealth Management LP lifted its holdings in Duke Energy by 31.0% during the 4th quarter. Mission Wealth Management LP now owns 14,745 shares of the utilities provider’s stock worth $1,431,000 after buying an additional 3,486 shares during the period. Brighton Jones LLC grew its position in shares of Duke Energy by 6.7% in the 4th quarter. Brighton Jones LLC now owns 5,542 shares of the utilities provider’s stock valued at $538,000 after buying an additional 350 shares during the last quarter. Finally, Great Valley Advisor Group Inc. increased its stake in shares of Duke Energy by 23.0% in the fourth quarter. Great Valley Advisor Group Inc. now owns 10,241 shares of the utilities provider’s stock valued at $994,000 after buying an additional 1,916 shares during the period. 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.