Research Analysts Offer Predictions for Duke Energy Co.'s Q2 2024 Earnings (NYSE:DUK)

Duke Energy Co. (NYSE:DUK - Free Report) - Analysts at Zacks Research upped their Q2 2024 earnings per share estimates for Duke Energy in a report released on Thursday, May 2nd. Zacks Research analyst A. Dutta now anticipates that the utilities provider will post earnings of $0.97 per share for the quarter, up from their prior estimate of $0.92. The consensus estimate for Duke Energy's current full-year earnings is $5.98 per share. Zacks Research also issued estimates for Duke Energy's Q2 2025 earnings at $1.16 EPS, FY2025 earnings at $6.33 EPS, Q1 2026 earnings at $1.69 EPS and FY2026 earnings at $6.52 EPS.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.02). The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business's quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $1.11 EPS.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company reduced their target price on Duke Energy from $103.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday, February 9th. Royal Bank of Canada upgraded Duke Energy from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $101.00 to $113.00 in a research report on Wednesday, January 10th. BMO Capital Markets reduced their target price on Duke Energy from $101.00 to $99.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 16th. Mizuho boosted their price objective on Duke Energy from $89.00 to $99.00 and gave the company a "neutral" rating in a report on Friday, April 5th. Finally, Scotiabank cut their price objective on Duke Energy from $101.00 to $94.00 and set a "sector perform" rating on the stock in a report on Monday, April 22nd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $100.62.

Duke Energy Trading Up 0.2 %

NYSE:DUK traded up $0.17 on Monday, reaching $100.43. The company's stock had a trading volume of 3,081,418 shares, compared to its average volume of 3,001,468. Duke Energy has a 12-month low of $83.06 and a 12-month high of $100.74. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. The firm has a market cap of $77.48 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 2.67 and a beta of 0.45. The stock has a 50 day moving average price of $95.73 and a 200 day moving average price of $94.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DUK. Wellington Management Group LLP boosted its position in shares of Duke Energy by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider's stock worth $2,030,865,000 after acquiring an additional 1,002,157 shares in the last quarter. International Assets Investment Management LLC increased its position in Duke Energy by 9,164.0% during the fourth quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider's stock worth $95,031,000 after buying an additional 968,723 shares during the period. Assenagon Asset Management S.A. increased its position in Duke Energy by 4,163.9% during the first quarter. Assenagon Asset Management S.A. now owns 882,552 shares of the utilities provider's stock worth $85,352,000 after buying an additional 861,854 shares during the period. Charles Schwab Investment Management Inc. increased its position in Duke Energy by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider's stock worth $799,599,000 after buying an additional 842,458 shares during the period. Finally, Nordea Investment Management AB increased its position in Duke Energy by 242.3% during the fourth quarter. Nordea Investment Management AB now owns 1,044,174 shares of the utilities provider's stock worth $101,348,000 after buying an additional 739,112 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the company's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the sale, the executive vice president now owns 14,213 shares in the company, valued at approximately $1,315,697.41. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

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.