Duke Energy Stock Earnings Estimates Boosted by Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS forecast for Duke Energy to $6.77 from $6.72, slightly above the $6.73 consensus estimate.
• Duke reported quarterly EPS of $1.99, beating estimates of $1.86, while revenue rose 6.6% year over year to $9.10 billion.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $132.19; the company also announced a quarterly dividend of $1.085 per share, equal to a 3.4% yield at the reported share price.

Duke Energy Corporation (NYSE:DUK - Free Report) - Scotiabank lifted their FY2026 EPS estimates for Duke Energy in a research report issued on Wednesday, November 11th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will earn $6.77 per share for the year, up from their previous forecast of $6.72. The consensus estimate for Duke Energy's current full-year earnings is $6.73 per share.

A number of other research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Duke Energy from a "hold" rating to a "sell" rating in a report on Saturday, November 7th. KeyCorp reduced their target price on Duke Energy from $139.00 to $128.00 and set an "overweight" rating for the company in a research note on Tuesday, October 13th. Morgan Stanley lifted their price target on Duke Energy from $127.00 to $128.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 21st. Mizuho set a $136.00 price target on Duke Energy in a research note on Wednesday, August 5th. Finally, BMO Capital Markets cut their price objective on Duke Energy from $134.00 to $132.00 and set an "outperform" rating on the stock in a report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Duke Energy has an average rating of "Moderate Buy" and a consensus price target of $132.19.

Duke Energy Stock Down 0.1%

NYSE:DUK opened at $128.59 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 1.49. Duke Energy has a twelve month low of $112.40 and a twelve month high of $134.49. The company has a market cap of $100.27 billion, a PE ratio of 18.80, a P/E/G ratio of 3.00 and a beta of 0.33. The company's 50 day moving average is $120.51 and its two-hundred day moving average is $124.71.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.86 by $0.13. The firm had revenue of $9.10 billion during the quarter, compared to analyst estimates of $8.91 billion. Duke Energy had a net margin of 15.94% and a return on equity of 9.82%. Duke Energy's revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $1.81 EPS.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be given a dividend of $1.0850 per share. The ex-dividend date is Friday, November 13th. This represents a $4.34 dividend on an annualized basis and a yield of 3.4%. Duke Energy's payout ratio is currently 63.45%.

Insider Transactions at Duke Energy

In related news, EVP Bonnie Titone sold 2,900 shares of the business's stock in a transaction on Friday, October 30th. The shares were sold at an average price of $128.00, for a total transaction of $371,200.00. Following the completion of the transaction, the executive vice president directly owned 26,111 shares in the company, valued at $3,342,208. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Duke Energy

Hedge funds have recently modified their holdings of the company. Merit Financial Group LLC lifted its holdings in Duke Energy by 15.7% during the second quarter. Merit Financial Group LLC now owns 70,388 shares of the utilities provider's stock valued at $8,910,000 after purchasing an additional 9,562 shares in the last quarter. Sarasin & Partners LLP grew its position in shares of Duke Energy by 15.3% in the second quarter. Sarasin & Partners LLP now owns 1,283,213 shares of the utilities provider's stock valued at $162,429,000 after purchasing an additional 170,700 shares during the period. Nykredit A S purchased a new stake in shares of Duke Energy during the second quarter worth about $17,106,000. V. M. Manning & CO. Inc. purchased a new stake in shares of Duke Energy during the second quarter worth about $2,432,000. Finally, Engineers Gate Manager LP raised its position in shares of Duke Energy by 125.2% during the 2nd quarter. Engineers Gate Manager LP now owns 40,613 shares of the utilities provider's stock worth $5,141,000 after purchasing an additional 22,578 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Latest Duke Energy News

Here's some of the latest news about DUK:

• Neutral Sentiment: Lenders consented to an internal merger between Duke Energy Progress and Duke Energy Carolinas, while the company retained its $10 billion revolving credit facility. This supports financing flexibility but appears primarily administrative. Duke Energy secures merger credit consent
• Neutral Sentiment: Duke reached an agreement in North Carolina on customer protections for data-center power costs. The agreement may help address concerns about shifting costs to other customers, though the details and financial impact are not provided. Duke Energy reaches North Carolina data-center protections agreement
• Negative Sentiment: Duke’s push for additional North Carolina natural-gas plants to serve growing data-center demand is facing opposition, raising potential political, permitting and planning risks. Opposition to Duke Energy’s North Carolina gas-plant plans

About Duke Energy

Duke Energy is a U.S. energy company focused primarily on regulated electric utilities and natural gas distribution. Its businesses generate, transmit and distribute electricity, and provide natural gas service to residential, commercial and industrial customers. The company serves electric customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its natural gas distribution operations serve customers in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.

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