Duke Energy (DUK) Stock Forecast & Price Target

Duke Energy is poised for strong financial performance, with expectations of significant capital expenditure increases associated with its updated Carolinas Resource Plan, slated for further detail in 4Q25 results. The company is projected to achieve an average annual EPS growth exceeding 6.5%, which could potentially be revised upwards based on upcoming financial disclosures. Additionally, the steady population growth of approximately 2% in key service areas such as the Carolinas, Florida, and Indiana enhances the demand for its utility services, bolstering long-term revenue prospects.

Duke Energy's dividend growth is notably slower than the industry average, reported at approximately 2% per year, which may diminish investor appeal compared to its peers that are growing dividends at around 5.5%. The comparative sluggishness in dividend growth reflects potential challenges in the company's financial health and ability to reward shareholders. Furthermore, this lack of robust dividend performance may lead to diminished confidence among investors, particularly in a market that rewards greater returns.