Want to see DUK full AI Analyst Report?
Top Page
Duke Energy
(NYSE:DUK)
Select Model
Select Model
Rating:63Neutral
Price Target:
$121.00
â–¼(-0.49% Downside)
Action:Reiterated
Date:09/25/26
DUK’s score is led by solid, utility-style financial stability and a constructive earnings outlook with reaffirmed guidance and supportive regulatory progress. These positives are tempered by weak technicals (price below all major moving averages with negative MACD) and balance-sheet/cash-flow constraints typical of a capital-intensive utility (elevated leverage and historically volatile free cash flow).
Positive Factors
Regulated Utility Model
Duke’s regulated electricity and gas operations provide essential services with pricing, cost recovery, and allowed returns determined through utility regulation. This model supports recurring revenue and earnings visibility while enabling recovery of prudently incurred infrastructure investment over time.
Negative Factors
Elevated Leverage
Duke’s elevated debt-to-equity profile reflects the capital intensity of its utility model but reduces financial flexibility. Higher leverage can increase sensitivity to funding costs and regulatory outcomes, constrain discretionary investment, and make balance-sheet targets more important as capital deployment remains high.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated Utility Model
Duke’s regulated electricity and gas operations provide essential services with pricing, cost recovery, and allowed returns determined through utility regulation. This model supports recurring revenue and earnings visibility while enabling recovery of prudently incurred infrastructure investment over time.
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
$91.76B
Dividend Yield3.64%
Average Volume (3M)3.89M
Price to Earnings (P/E)17.7
Beta (1Y)-0.11
Revenue Growth6.33%
EPS Growth8.98%
CountryUS
Employees26,441
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)6.66
Shares Outstanding779,702,200
10 Day Avg. Volume4,275,665
30 Day Avg. Volume3,894,237
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 Cap2.10
Enterprise Value/Revenue5.78
Enterprise Value/Gross Profit8.48
Enterprise Value/Ebitda11.04
Forecast
1Y Price Target
$134.79Price Target Upside10.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)6.71
Revenue Forecast (FY)$33.61B
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 primarily makes money through regulated utility operations, where most revenues are earned by providing essential electricity and natural gas service under state utility commission regulation.
1) Regulated electric utility revenues (p...
Duke Energy Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 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 | 17.50B | 15.67B | 15.00B | 13.87B | 12.36B | 11.86B |
| Net Income | 5.25B | 4.97B | 4.51B | 2.84B | 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 | 91.24B | 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 | -4.27B | -1.67B | 48.00M | -2.73B | -5.44B | -1.43B |
| Operating Cash Flow | 11.56B | 12.35B | 12.33B | 9.88B | 5.93B | 8.29B |
| Investing Cash Flow | -14.28B | -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
Neutral
121.59
Price Trends
119.21
Negative
121.83
Negative
122.44
Negative
Market Momentum
-0.89
Negative
54.47
Neutral
97.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DUK, the sentiment is Neutral. The current price of 121.59 is above the 20-day moving average (MA) of 115.55, above the 50-day MA of 119.21, and below the 200-day MA of 122.44, indicating a neutral trend. The MACD of -0.89 indicates Negative momentum. The RSI at 54.47 is Neutral, neither overbought nor oversold. The STOCH value of 97.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $163.77B | 17.56 | 16.82% | 3.15% | 11.83% | 55.48% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | $67.63B | 21.35 | 10.01% | 3.09% | 8.63% | -14.89% | |
63 Neutral | $91.76B | 17.67 | 9.88% | 3.67% | 6.33% | 8.98% | |
63 Neutral | $43.48B | 15.37 | 9.61% | 3.98% | 6.56% | 3.72% | |
62 Neutral | $100.13B | 20.87 | 12.61% | 3.48% | 6.40% | 6.90% | |
58 Neutral | $54.93B | 21.61 | 8.89% | 4.33% | 21.98% | -0.39% |
* Utilities Sector Average
DUK
Duke Energy
117.69
-4.12
-3.39%
AEP
American Electric Power
124.23
10.95
9.66%
D
Dominion Energy
62.45
3.62
6.16%
EXC
Exelon
42.12
-3.07
-6.79%
NEE
NextEra Energy
78.51
-3.43
-4.19%
SO
Southern Co
87.04
-7.90
-8.32%
Duke Energy Corporate Events
Business Operations and StrategyExecutive/Board Changes
Duke Energy adds Joyce Mullen to board
Positive
Sep 25, 2026
On Sept. 25, 2026, Duke Energy announced that Joyce Mullen has been appointed to its board of directors, effective Sept. 28, 2026, with service on the Audit Committee and the Operations and Nuclear Oversight Committee. Mullen, who retired as presi...
Private Placements and Financing
Duke Energy Completes Major Equity Units Financing Offering
Positive
Aug 13, 2026
On August 13, 2026, Duke Energy completed the issuance and sale of 40 million equity units, initially in the form of Corporate Units, under an August 10 underwriting agreement with a syndicate led by Barclays, BofA Securities and Mizuho Securities...
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.