Duke Energy Co. to Post Q2 2024 Earnings of $0.97 Per Share, Zacks Research Forecasts (NYSE:DUK)

Duke Energy Co. (NYSE:DUK) – Zacks Research upped their Q2 2024 earnings per share (EPS) estimates for shares of Duke Energy in a report issued on Thursday, May 2nd. Zacks Research analyst A. Dutta now forecasts 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.

Several other equities research analysts also recently weighed in on DUK. Scotiabank decreased their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. Mizuho raised their price objective on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. BMO Capital Markets lowered 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. Finally, Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $100.62.

Duke Energy Stock Performance

NYSE:DUK opened at $100.43 on Monday. The firm has a market capitalization of $77.48 billion, a P/E ratio of 28.29, a P/E/G ratio of 2.67 and a beta of 0.45. Duke Energy has a twelve month low of $83.06 and a twelve month high of $100.74. The company has a fifty day moving average of $95.73 and a 200-day moving average of $94.26. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business 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 company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS.

Hedge Funds Weigh In On Duke Energy

Institutional investors have recently modified their holdings of the business. Sugarloaf Wealth Management LLC lifted its stake in Duke Energy by 13.9% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after purchasing an additional 344 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in Duke Energy by 28.6% in the third quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 894 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Duke Energy by 4.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after purchasing an additional 1,122 shares during the last quarter. Wagner Wealth Management LLC lifted its stake in Duke Energy by 3.4% in the fourth quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after purchasing an additional 576 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in Duke Energy by 31.2% in the fourth quarter. ORG Partners LLC now owns 1,300 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 309 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Insider Activity

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the transaction, the executive vice president now owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by corporate 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.