Duke Energy Corporation (NYSE:DUK) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Duke Energy Corporation has received a consensus rating of "Moderate Buy" from analysts, with nine ratings for buy and five for hold out of a total of fourteen analysts.
• The company recently reported earnings of $1.25 per share, slightly below the expected $1.29, although revenue for the quarter was above expectations at $7.51 billion.
• Duke Energy declared a quarterly dividend of $1.065, an increase from the previous dividend, with a dividend yield of 3.5% and a payout ratio of 69.27%.

Shares of Duke Energy Corporation (NYSE:DUK - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $130.6154.

Several equities research analysts have weighed in on DUK shares. Morgan Stanley reiterated an "outperform" rating on shares of Duke Energy in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. BMO Capital Markets upped their target price on Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Barclays upped their target price on Duke Energy from $122.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group set a $132.00 target price on Duke Energy in a report on Tuesday, July 1st.

Insider Buying and Selling at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares of the company's stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president directly owned 46,422 shares of the company's stock, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Activest Wealth Management raised its position in shares of Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider's stock worth $26,000 after acquiring an additional 105 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in Duke Energy during the 4th quarter valued at about $27,000. Wayfinding Financial LLC acquired a new position in Duke Energy during the 1st quarter valued at about $27,000. N.E.W. Advisory Services LLC acquired a new position in Duke Energy during the 1st quarter valued at about $27,000. Finally, Mattson Financial Services LLC acquired a new position in Duke Energy during the 4th quarter valued at about $28,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

DUK opened at $120.21 on Tuesday. The business has a fifty day moving average of $121.12 and a 200 day moving average of $119.04. Duke Energy has a 52-week low of $105.20 and a 52-week high of $127.85. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The stock has a market cap of $93.47 billion, a P/E ratio of 19.55, a PEG ratio of 2.91 and a beta of 0.39.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the previous year, the firm earned $1.18 EPS. Duke Energy's revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. As a group, sell-side analysts anticipate that Duke Energy will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be given a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's dividend payout ratio is presently 69.27%.

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.

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