KeyCorp Estimates Duke Energy’s FY2030 Earnings (NYSE:DUK)

Duke Energy Corporation (NYSE:DUK) – Equities researchers at KeyCorp issued their FY2030 earnings estimates for shares of Duke Energy in a research report issued on Wednesday, July 22nd. KeyCorp analyst S. Karp forecasts that the utilities provider will post earnings of $8.60 per share for the year. KeyCorp currently has a “Overweight” rating and a $139.00 price target on the stock. The consensus estimate for Duke Energy’s current full-year earnings is $6.72 per share.

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, topping the consensus estimate of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The firm had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The business’s quarterly revenue was up 11.3% on a year-over-year basis.

Other equities research analysts have also issued reports about the company. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a report on Monday, May 4th. Capitol Sec Mgt lowered shares of Duke Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. boosted their price objective on shares of Duke Energy from $136.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. UBS Group decreased their price objective on shares of Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. Finally, Wells Fargo & Company raised their target price on shares of Duke Energy from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $138.62.

Duke Energy Stock Performance

DUK opened at $130.54 on Monday. The company has a market cap of $101.77 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 2.88 and a beta of 0.38. The stock has a 50-day moving average of $125.30 and a 200-day moving average of $125.85. Duke Energy has a 52-week low of $113.89 and a 52-week high of $134.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. World Investment Advisors increased its stake in Duke Energy by 62.7% in the fourth quarter. World Investment Advisors now owns 42,680 shares of the utilities provider’s stock valued at $5,003,000 after acquiring an additional 16,450 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Duke Energy by 22.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,530 shares of the utilities provider’s stock worth $15,534,000 after purchasing an additional 24,497 shares during the period. Moseley Investment Management Inc. boosted its holdings in Duke Energy by 423.6% during the fourth quarter. Moseley Investment Management Inc. now owns 9,749 shares of the utilities provider’s stock valued at $1,143,000 after purchasing an additional 7,887 shares in the last quarter. Advisors Management Group Inc. ADV boosted its holdings in Duke Energy by 187.8% during the fourth quarter. Advisors Management Group Inc. ADV now owns 78,293 shares of the utilities provider’s stock valued at $9,177,000 after purchasing an additional 51,088 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Duke Energy by 29.3% in the 4th quarter. Farther Finance Advisors LLC now owns 53,861 shares of the utilities provider’s stock valued at $6,313,000 after purchasing an additional 12,219 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In other news, CEO Louis E. Renjel sold 3,500 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $125.15, for a total value of $438,025.00. Following the sale, the chief executive officer owned 21,415 shares in the company, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the transaction, the chief executive officer directly owned 96,102 shares in the company, valued at $11,952,205.74. This trade represents a 17.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by corporate insiders.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be given a $1.085 dividend. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. This represents a $4.34 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 14th. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.

Duke Energy News Roundup

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: KeyCorp reiterated an Overweight rating on Duke Energy and raised its longer-term earnings outlook, nudging up FY2027, FY2028, and FY2029 EPS estimates. The firm also kept a $139 price target, suggesting confidence in Duke’s earnings growth trajectory.
• Positive Sentiment: Duke Energy unveiled its Customer Protection Plus framework, designed to support rapid data center-driven power demand while aiming to deliver billions in customer savings. Investors may view this as a constructive way to monetize infrastructure growth without triggering excessive pushback from customers. Duke Energy (DUK) Unveils Customer Savings Plan To Back Data Center Growth
• Positive Sentiment: The company also announced a higher quarterly dividend, reinforcing Duke Energy’s appeal as an income stock and helping attract dividend-focused investors. Can Duke Energy (DUK) Justify Its Price As Its Higher Dividend Draws Attention?
• Neutral Sentiment: North Carolina leaders and regulators are pressuring Duke Energy to make its federal data-center pledge legally binding. This could support accountability and customer trust, but it also raises regulatory scrutiny around future growth plans.
• Negative Sentiment: Regulatory criticism of Duke’s proposed rate increases remains a headwind, with North Carolina’s attorney general saying the lowered request is still too high. That could add pressure to future profitability if rate approvals become more difficult.

About Duke Energy

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.