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

Duke Energy (NYSE:DUK) announced its earnings results on Thursday. The utilities provider reported $1.66 EPS 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 Price Performance

Shares of DUK traded down $3.02 during mid-day trading on Thursday, reaching $113.35. The company had a trading volume of 3,014,521 shares, compared to its average volume of 3,171,373. The company’s 50 day simple moving average is $109.86 and its 200 day simple moving average is $112.93. Duke Energy has a 1-year low of $90.09 and a 1-year high of $121.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The company has a market capitalization of $87.56 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 2.83 and a beta of 0.50.

Duke Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley dropped their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Scotiabank increased their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. BMO Capital Markets increased their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently 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.