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Duke Energy
(NYSE:DUK)
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Rating:66Neutral
Price Target:
$134.00
â–²(2.67% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily driven by steady underlying utility profitability and revenue growth, tempered by elevated leverage and historically volatile/negative free cash flow from heavy capital spending. The earnings call adds support via reaffirmed guidance, long-term growth targets, and regulatory progress, while technicals are currently mixed with weak near-term trend signals. Valuation is moderately supportive due to a reasonable P/E and a solid dividend yield.
Positive Factors
Regulated business model & steady revenue
Duke’s core regulated utility model produces predictable, rate‑based revenue and mid‑teens net margins. Multi‑year revenue growth and stable operating profitability support durable cash generation linked to approved rate recovery, limiting exposure to merchant power volatility and supporting long‑term earnings visibility.
Negative Factors
Elevated leverage
Leverage near 1.5–1.75x reduces financial flexibility and heightens sensitivity to interest rates or adverse regulatory outcomes. High debt dampens the company's ability to absorb funding shocks, slows deleveraging prospects, and can constrain discretionary capital or strategic optionality over a multi‑year horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated business model & steady revenue
Duke’s core regulated utility model produces predictable, rate‑based revenue and mid‑teens net margins. Multi‑year revenue growth and stable operating profitability support durable cash generation linked to approved rate recovery, limiting exposure to merchant power volatility and supporting long‑term earnings visibility.
Read all positive factors
Duke Energy Key Performance Indicators (KPIs)
Any
Electric Utilities by Segment
Details revenue and performance across various electric utility segments, indicating operational strengths, customer base diversity, and market position.
Details revenue and performance across various electric utility segments, indicating operational strengths, customer base diversity, and market position.
Data provided by:
The Fly
The FlyDuke Energy (DUK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$97.78B
Dividend Yield3.4%
Average Volume (3M)3.71M
Price to Earnings (P/E)19.2
Beta (1Y)-0.16
Revenue Growth7.21%
EPS Growth8.97%
CountryUS
Employees26,441
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)6.66
Shares Outstanding779,596,200
10 Day Avg. Volume3,467,746
30 Day Avg. Volume3,713,796
Financial Highlights & Ratios
PEG Ratio1.77
Price to Book (P/B)1.76
Price to Sales (P/S)2.83
P/FCF Ratio-54.47
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$138.50Price Target Upside6.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)6.7
Revenue Forecast (FY)$33.62B
Duke Energy Business Overview & Revenue Model
Company Description
Duke Energy Corporation, an energy provider operating across the United States with its various affiliates, structures its operations into three primary divisions: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commer...
How the Company Makes Money
Duke Energy makes most of its money through regulated utility operations, where earnings are primarily driven by rates approved by state utility commissions. The company’s largest revenue stream comes from selling electricity to residential, comme...
Duke Energy Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution, meaningful year-over-year EPS growth (~14.4% adjusted YoY), large late-stage load pipeline and aggressive capital deployment, supported by constructive regulatory progress (DEC settlement) and solid balance-sheet targets (14.5% FFO/debt). Key risks noted include higher depreciation and interest expense offsets, ongoing negotiations and timing risk to convert the pipeline to binding contracts, regulatory and political scrutiny in Indiana, and unresolved decisions/timing around new nuclear and certain asset dispositions. On balance, the positives — clear growth trajectory, reaffirmed guidance, large contracted and late-stage pipeline, and financial discipline — materially outweigh the execution and timing risks discussed.Positive Updates
Strong Quarterly Earnings and Year-over-Year EPS Growth
Adjusted EPS of $1.43 in Q2 2026 (reported EPS $1.38) versus $1.25 in prior-year quarter — adjusted EPS up ~14.4% YoY and reported EPS up ~10.4% YoY. Company remains on track to achieve full-year 2026 guidance of $6.55–$6.80.
Negative Updates
Offsetting Expenses and Interest Costs
Growth drivers were partially offset by higher depreciation expense associated with a growing asset base and higher interest expense, which reduced net incremental benefit to EPS despite strong underlying growth.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Quarterly Earnings and Year-over-Year EPS Growth
Adjusted EPS of $1.43 in Q2 2026 (reported EPS $1.38) versus $1.25 in prior-year quarter — adjusted EPS up ~14.4% YoY and reported EPS up ~10.4% YoY. Company remains on track to achieve full-year 2026 guidance of $6.55–$6.80.
Read all positive updates
Company Guidance
Duke reaffirmed 2026 EPS guidance of $6.55–$6.80 and a long‑term EPS growth target of 5%–7% through 2030, with confidence to earn in the top half beginning in 2028; Q2 adjusted EPS was $1.43 (reported $1.38) vs. $1.25 a year ago. Management is on track for 14.5% FFO-to-debt for 2026 (targeting 15% longer term), has priced $600M under its ATM this year, and increased the quarterly dividend by 2% (20+ years of annual raises). Capital deployment exceeds $1B/month, the generation build is on track to add ~15 GW by 2031 (15.4 GW late‑stage pipeline, 7.8 GW ESAs; 5 GW under construction +2.5 GW in development), and there is $5B–$10B potential upside to the current 5‑year plan; H1 economic development wins totaled $5B supporting >9,000 jobs. Regulatory metrics include a DEC settlement with a 9.8% ROE, 53% equity ratio and 50 bp earnings share up to 10.3%; rate orders expected by mid‑November and key resource plan action by year‑end.Duke Energy Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.38B | 32.24B | 30.36B | 29.06B | 28.77B | 24.62B |
| Gross Profit | 22.76B | 10.17B | 15.20B | 13.76B | 12.98B | 11.96B |
| EBITDA | 16.19B | 15.67B | 15.00B | 13.87B | 12.36B | 11.86B |
| Net Income | 5.25B | 4.97B | 4.51B | 4.30B | 2.55B | 3.91B |
Balance Sheet | ||||||
| Total Assets | 201.09B | 195.74B | 186.34B | 176.89B | 178.09B | 169.59B |
| Cash, Cash Equivalents and Short-Term Investments | 673.00M | 245.00M | 314.00M | 253.00M | 409.00M | 341.00M |
| Total Debt | 9.96B | 90.87B | 85.23B | 80.46B | 74.91B | 68.26B |
| Total Liabilities | 144.23B | 142.72B | 135.09B | 126.71B | 126.23B | 118.45B |
| Stockholders Equity | 54.75B | 51.84B | 50.13B | 49.11B | 49.32B | 49.30B |
Cash Flow | ||||||
| Free Cash Flow | 13.87B | -1.67B | 48.00M | -2.73B | -5.44B | -1.43B |
| Operating Cash Flow | 11.58B | 12.35B | 12.33B | 9.88B | 5.93B | 8.29B |
| Investing Cash Flow | -14.30B | -14.36B | -13.12B | -12.47B | -11.97B | -10.94B |
| Financing Cash Flow | 3.13B | 1.95B | 859.00M | 2.35B | 6.13B | 2.61B |
Duke Energy Technical Analysis
Negative
130.52
Price Trends
125.56
Negative
126.42
Negative
123.35
Positive
Market Momentum
0.23
Positive
42.81
Neutral
13.08
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DUK, the sentiment is Negative. The current price of 130.52 is above the 20-day moving average (MA) of 126.85, above the 50-day MA of 125.56, and above the 200-day MA of 123.35, indicating a neutral trend. The MACD of 0.23 indicates Positive momentum. The RSI at 42.81 is Neutral, neither overbought nor oversold. The STOCH value of 13.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DUK.
Duke Energy Risk Analysis
Duke Energy disclosed 1 risk factors in its most recent earnings report. Duke Energy reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Duke Energy Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $97.78B | 19.21 | 9.85% | 3.26% | 7.21% | 8.97% | |
66 Neutral | $69.60B | 21.97 | 10.01% | 2.79% | 8.68% | -14.88% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | $47.30B | 16.72 | 9.61% | 3.45% | 6.56% | 3.72% | |
62 Neutral | $108.76B | 22.67 | 12.38% | 3.06% | 6.40% | 6.90% | |
61 Neutral | $80.61B | 18.03 | 8.47% | 3.94% | 1.13% | 13.83% | |
60 Neutral | $60.84B | 27.45 | 7.41% | 3.76% | 21.98% | -0.39% |
* Utilities Sector Average
DUK
Duke Energy
124.27
4.46
3.72%
AEP
American Electric Power
128.35
18.59
16.93%
D
Dominion Energy
69.22
10.72
18.33%
EXC
Exelon
45.84
2.71
6.28%
NGG
National Grid Transco
80.42
10.96
15.77%
SO
Southern Co
93.25
1.85
2.02%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.