Duke Energy (DUK) Stock Forecast & Price Target

Duke Energy is expected to see a significant increase in capital expenditures due to the annual refresh of its financial outlook, driven in part by the recently filed Carolinas Resource Plan. The company's forecast indicates an average annual earnings per share (EPS) growth of just above 6.5%, with potential for management to revise this outlook positively in the upcoming 4Q25 results. Moreover, the steady population growth of approximately 2% in key regions such as the Carolinas, Florida, and Indiana provides a supportive backdrop for future revenue increases.

Duke Energy's dividend growth is lagging behind its peers, averaging approximately 2% per year, which is significantly lower than the industry average of around 5.5%. This slower rate of growth may indicate reduced earnings potential and a less attractive shareholder return compared to competitors. Such metrics could be detrimental to investor confidence and contribute to a more negative outlook for the company's stock performance.