
Duke Energy (DUK) Stock Forecast & Price Target
Duke Energy (DUK) Analyst Ratings
Bulls say
Duke Energy is poised for growth, with expectations of a significant increase in capital expenditures (capex) following the upcoming annual refresh and the recent filing of the updated Carolinas Resource Plan. The company is forecasting an average annual earnings per share (EPS) growth rate of just above 6.5%, with potential for an upward revision in outlook as early as February 2025. Additionally, steady population growth of approximately 2% in key regions such as the Carolinas, Florida, and Indiana adds further support to demand for its utility services.
Bears say
The analysis indicates a negative outlook for Duke Energy's stock primarily due to its slow dividend growth, which is approximately 2% per year, significantly lagging behind its peers that average around 5.5%. This slow rate of dividend growth raises concerns about the company's ability to attract and retain income-focused investors in a competitive market. Additionally, the broader context of the utility sector suggests a shift away from defensive investments, which may further impact Duke Energy's market position and investor sentiment.
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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