FY2030 Earnings Estimate for Duke Energy Issued By KeyCorp

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

A number of other equities analysts also recently commented on the stock. Mizuho reduced their target price on shares of Duke Energy from $139.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Truist Financial raised their price target on shares of Duke Energy from $137.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, July 17th. BMO Capital Markets reduced their price target on shares of Duke Energy from $138.00 to $134.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Evercore upped their price objective on Duke Energy from $139.00 to $140.00 in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their target price on Duke Energy from $136.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $138.62.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $128.87 on Monday. The business’s 50 day moving average price is $125.42 and its 200 day moving average price is $125.93. The company has a market cap of $100.46 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.88 and a beta of 0.38. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. Duke Energy has a one year low of $113.89 and a one year high of $134.49.

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

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be given a dividend of $1.085 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, August 14th. Duke Energy’s dividend payout ratio (DPR) is 65.24%.

Insider Buying and Selling

In other news, CEO Louis E. Renjel sold 3,500 shares of the business’s stock in a transaction that occurred 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 directly owned 21,415 shares of the company’s stock, valued at approximately $2,680,087.25. The trade was a 14.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Harry K. Sideris sold 20,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 96,102 shares in the company, valued at approximately $11,952,205.74. This represents a 17.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC lifted its stake in Duke Energy by 5,254.4% during the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock worth $358,227,000 after acquiring an additional 2,684,721 shares in the last quarter. Vanguard Group Inc. grew its position in Duke Energy by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock valued at $9,172,709,000 after acquiring an additional 1,957,592 shares in the last quarter. Amundi increased its stake in Duke Energy by 56.9% during the fourth quarter. Amundi now owns 2,662,460 shares of the utilities provider’s stock worth $312,067,000 after purchasing an additional 965,808 shares during the period. Franklin Resources Inc. lifted its position in shares of Duke Energy by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock worth $965,446,000 after purchasing an additional 954,907 shares in the last quarter. Finally, Milford Funds Ltd. acquired a new stake in shares of Duke Energy during the fourth quarter worth about $97,905,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Duke Energy

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

• Positive Sentiment: Duke Energy said customers will not face rate hikes specifically to recover data-center costs, arguing that the rapid growth in data-center demand should ultimately produce long-term customer savings through greater utilization of the grid. This could support load growth and future earnings if the company’s projections are validated. Duke Energy promises no rate hikes to cover data center costs Duke Energy Says Data Center Growth Will Deliver Long-Term Customer Savings
• Positive Sentiment: Duke Energy’s battery-storage strategy is expanding as data centers reshape North Carolina’s power demand. Additional storage could improve grid reliability and help the utility manage peak demand, although it also requires capital investment. Duke Energy’s battery strategy grows as data centers reshape North Carolina’s grid
• Neutral Sentiment: KeyCorp published longer-term earnings estimates for Duke Energy, giving investors an updated view of potential FY2030 profitability but offering no immediate change to the company’s operating outlook. KeyCorp Estimates Duke Energy’s FY2030 Earnings
• Neutral Sentiment: The Duke Energy Foundation announced $1 million in grants to more than 50 North Carolina nonprofits, bringing the company’s customer-assistance and community-support contributions since 2016 above $65 million. The move may bolster community relations but is unlikely to materially affect earnings. Duke Energy surpasses $65 million in North Carolina customer assistance
• Negative Sentiment: North Carolina officials, including the attorney general and Gov. Roy Cooper, are pressing Duke Energy to protect existing ratepayers from data-center-related costs and consider a separate data-center tariff. The political and regulatory pressure raises uncertainty over cost recovery and could constrain the company’s ability to earn on infrastructure investments. Attorney General calls on Duke Energy to commit to data center protections for ratepayers Gov. Stein pushes for Duke Energy to add tariff on data centers
• Negative Sentiment: Residents and state officials continue to push back against proposed electricity-rate increases, even after Duke Energy reduced its request. The dispute reinforces concerns that higher bills could trigger additional political opposition, delays, or less favorable regulatory treatment. Duke Energy reduces proposed rate increase, state officials still push back

Duke Energy Company Profile

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.