Duke Energy (NYSE:DUK) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Duke Energy (NYSE:DUK) announced its earnings results on Thursday. The utilities provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.05, Zacks reports. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Duke Energy updated its FY 2025 guidance to 6.170-6.420 EPS.

Duke Energy Stock Down 2.6 %

Shares of Duke Energy stock traded down $3.07 during trading hours on Thursday, hitting $113.30. The company had a trading volume of 2,881,384 shares, compared to its average volume of 3,163,971. The company’s 50-day moving average is $109.86 and its two-hundred day moving average is $112.93. Duke Energy has a twelve month low of $90.09 and a twelve month high of $121.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The company has a market cap of $87.52 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is 76.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DUK shares. Morgan Stanley cut their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Scotiabank upped their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets boosted their price target on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.08.

About Duke Energy

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.