Duke Energy Corporation (NYSE:DUK) Plans Quarterly Dividend of $1.07

Key Points

• Duke Energy Corporation announced a quarterly dividend of $1.07 per share, set to be paid on December 16th to investors of record by November 14th, representing a yield of 3.3%.
• The company has a dividend payout ratio of 62.2%, with projected earnings of $6.73 per share over the next year, indicating it can sustain its dividend payments.
• Duke Energy's stock has a market capitalization of $99.39 billion and is currently trading at $127.81, with a one-year high of $128.49 and a low of $105.20.

Duke Energy Corporation (NYSE:DUK - Get Free Report) announced a quarterly dividend on Tuesday, October 14th. Investors of record on Friday, November 14th will be paid a dividend of 1.065 per share by the utilities provider on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th.

Duke Energy has a dividend payout ratio of 62.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Duke Energy to earn $6.73 per share next year, which means the company should continue to be able to cover its $4.18 annual dividend with an expected future payout ratio of 62.1%.

Duke Energy Trading Up 1.4%

NYSE DUK opened at $127.81 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The stock has a market capitalization of $99.39 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 3.04 and a beta of 0.44. The business's fifty day moving average is $123.17 and its 200-day moving average is $119.98. Duke Energy has a one year low of $105.20 and a one year high of $128.49.

Duke Energy (NYSE:DUK - Get Free Report) last released its earnings results 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). The firm had revenue of $7.51 billion during the quarter, compared to analysts' expectations of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities research analysts predict that Duke Energy will post 6.33 EPS for the current year.

Wall Street Analysts Forecast Growth

DUK has been the topic of several recent research reports. Jefferies Financial Group lowered Duke Energy from a "buy" rating to a "hold" rating and reduced their price objective for the company from $141.00 to $134.00 in a research report on Friday, September 26th. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a research report on Tuesday, July 1st. Evercore ISI began coverage on shares of Duke Energy in a research note on Monday, October 6th. They issued an "outperform" rating and a $143.00 price target for the company. Scotiabank set a $137.00 price objective on Duke Energy and gave the company a "sector outperform" rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $127.00 to $131.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $135.50.

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.

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