
Duke Energy (DUK) Stock Forecast & Price Target
Duke Energy (DUK) Analyst Ratings
Bulls say
Duke Energy is expected to see a significant increase in capital expenditures (capex) following the filing of its updated Carolinas Resource Plan, indicating strong investment in infrastructure and future growth. The company forecasts an average annual earnings per share (EPS) growth of just above 6.5%, with potential for upward adjustments in their outlook during upcoming quarterly results. Additionally, steady population growth of approximately 2% in key regions, including the Carolinas, Florida, and Indiana, supports the demand for its utility services, enhancing the company's revenue prospects.
Bears say
Duke Energy's dividend growth is currently lagging at approximately 2% per year, which is significantly slower than the average growth rates of its peers, who are experiencing growth around 5.5%. This underperformance in dividend growth may lead to decreased investor interest and confidence in the company, particularly in a market where higher returns are available elsewhere. Additionally, the broader market sentiment appears to be turning against traditional utility stocks, as suggested by recent downgrades and sector reports indicating a shift in investor preferences away from defense-oriented investments.
This aggregate rating is based on analysts' research of Duke Energy and is not a guaranteed prediction by Public.com or investment advice.
Duke Energy (DUK) Analyst Forecast & Price Prediction
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