Duke Energy (NYSE:DUK) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Key Points

• Duke Energy reported a quarterly EPS of $1.25, missing analysts' expectations of $1.29 by $0.04, despite revenue of $7.51 billion exceeding estimates of $7.07 billion.
• The company announced an increase in its quarterly dividend to $1.065 per share, reflecting a 3.4% yield and a current dividend payout ratio of 69.32%.
• Citigroup has raised its target price for Duke Energy shares from $130 to $142 while assigning a "buy" rating, amid other brokerage evaluations that lean towards a "Moderate Buy."

Duke Energy (NYSE:DUK - Get Free Report) issued its quarterly earnings data on Tuesday. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04), Zacks reports. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The business had revenue of $7.51 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same period in the previous year, the business posted $1.18 earnings per share. The company's revenue for the quarter was up 4.7% on a year-over-year basis. Duke Energy updated its FY 2025 guidance to 6.170-6.420 EPS.

Duke Energy Price Performance

DUK traded up $0.94 during midday trading on Tuesday, reaching $125.11. 3,751,173 shares of the company's stock were exchanged, compared to its average volume of 3,606,986. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.50. The stock has a market capitalization of $97.24 billion, a PE ratio of 20.75, a P/E/G ratio of 2.97 and a beta of 0.36. The business's 50-day moving average price is $117.50 and its 200 day moving average price is $117.16. Duke Energy has a 1-year low of $105.20 and a 1-year high of $127.85.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be given a dividend of $1.065 per share. The ex-dividend date is Friday, August 15th. This is an increase from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. Duke Energy's dividend payout ratio (DPR) is presently 69.32%.

Hedge Funds Weigh In On Duke Energy

A hedge fund recently raised its stake in Duke Energy stock. Empowered Funds LLC boosted its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 19.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,162 shares of the utilities provider's stock after acquiring an additional 3,797 shares during the period. Empowered Funds LLC's holdings in Duke Energy were worth $2,825,000 at the end of the most recent reporting period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DUK. Citigroup lifted their target price on shares of Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Raymond James Financial began coverage on shares of Duke Energy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $122.00 to $127.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Finally, Barclays lowered their target price on shares of Duke Energy from $123.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $127.25.

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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