Duke Energy Corporation (NYSE:DUK) Plans $1.07 Quarterly Dividend

Duke Energy Corporation (NYSE:DUK) announced a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 15th will be given a dividend of 1.065 per share by the utilities provider on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, May 15th.

Duke Energy has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 20 years. Duke Energy has a payout ratio of 63.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Duke Energy to earn $7.14 per share next year, which means the company should continue to be able to cover its $4.26 annual dividend with an expected future payout ratio of 59.7%.

Duke Energy Trading Down 0.6%

Duke Energy stock opened at $124.79 on Friday. The stock has a 50-day moving average price of $129.72 and a 200 day moving average price of $124.21. Duke Energy has a 52 week low of $111.22 and a 52 week high of $134.49. The stock has a market cap of $97.28 billion, a PE ratio of 19.11 and a beta of 0.41. The company has a current ratio of 0.66, a quick ratio of 0.33 and a debt-to-equity ratio of 1.45.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.06. The company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 EPS. Duke Energy has set its FY 2026 guidance at 6.550-6.80 EPS. Equities research analysts predict that Duke Energy will post 6.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DUK shares. Mizuho increased their target price on Duke Energy from $130.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada lowered their price target on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, January 23rd. Morgan Stanley cut their price objective on shares of Duke Energy from $142.00 to $141.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Jefferies Financial Group raised their target price on shares of Duke Energy from $125.00 to $141.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Finally, BTIG Research restated a “buy” rating and issued a $141.00 target price on shares of Duke Energy in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.67.

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.