Duke Energy (NYSE:DUK - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 6.170-6.420 for the period, compared to the consensus estimate of 6.320. The company issued revenue guidance of -.
Analysts Set New Price Targets
A number of brokerages have commented on DUK. BMO Capital Markets decreased their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Guggenheim lifted their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Morgan Stanley lifted their price target on shares of Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Citigroup increased their price target on Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Wells Fargo & Company lifted their price objective on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Duke Energy presently has a consensus rating of "Moderate Buy" and an average target price of $126.00.
Get Our Latest Stock Report on DUK
Duke Energy Price Performance
Shares of NYSE:DUK traded up $0.31 during trading on Friday, hitting $120.31. 3,036,352 shares of the company were exchanged, compared to its average volume of 3,380,504. Duke Energy has a 1-year low of $99.21 and a 1-year high of $125.27. The company has a market capitalization of $93.51 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The business's 50 day moving average is $119.48 and its 200-day moving average is $114.60.
Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. The business had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.44 EPS. Equities analysts forecast that Duke Energy will post 6.33 earnings per share for the current year.
Duke Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Friday, May 16th. Duke Energy's payout ratio is 69.32%.
Hedge Funds Weigh In On Duke Energy
A hedge fund recently raised its stake in Duke Energy stock. Brighton Jones LLC boosted its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,754 shares of the utilities provider's stock after buying an additional 700 shares during the quarter. Brighton Jones LLC's holdings in Duke Energy were worth $728,000 as of its most recent SEC filing. 65.31% of the stock is currently owned by institutional investors and hedge funds.
About Duke Energy
(
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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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