Duke Energy, the Utilities sector company, was revisited by a Wall Street analyst on November 7. Analyst Alex Kania from BTIG reiterated a Buy rating on the stock and has a $150.00 price target.
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Alex Kania has given his Buy rating due to a combination of factors that highlight Duke Energy’s strong financial performance and growth potential. The company exceeded expectations in its third-quarter earnings, reporting an adjusted EPS of $1.81, which surpassed both BTIG’s estimate and the consensus. This growth was primarily driven by increased rates and retail sales volumes, despite some offsetting factors like higher interest expenses and taxes.
Additionally, Duke Energy has narrowed its 2025 EPS guidance and reaffirmed its long-term growth outlook, projecting a 5%-7% EPS growth through 2029. The company plans to announce a refreshed capital expenditure plan in its Q4 call, with expectations of significant investment growth. Duke Energy views 2028 as a pivotal year for its growth, with plans to expand its generation capacity and further invest in Florida. These strategic moves, along with the company’s scale and growth potential, justify the Buy rating and a price target of $150, based on a 21x earnings multiple of the 2027 estimated EPS.
In another report released on October 27, Mizuho Securities also maintained a Buy rating on the stock with a $140.00 price target.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DUK in relation to earlier this year.