
Duke Energy (DUK) Stock Forecast & Price Target
Duke Energy (DUK) Analyst Ratings
Bulls say
Duke Energy's capital expenditures (capex) are expected to increase significantly, particularly following the recent filing of its updated Carolinas Resource Plan, indicating an active investment strategy for growth. The company forecasts an average annual earnings per share (EPS) growth of just over 6.5%, with potential for an upward revision of this outlook based on upcoming quarterly results. Additionally, a consistent population growth rate of approximately 2% in key markets such as the Carolinas, Florida, and Indiana supports the demand for energy services, further underpinning a positive long-term outlook for the company.
Bears say
Duke Energy's stock outlook is negatively influenced by its lower-than-average dividend growth rate of approximately 2% per year, which pales in comparison to the peer average of around 5.5%. This slower growth might detract from its attractiveness to income-focused investors looking for more substantial returns. Additionally, broader market analysis suggests a shift away from traditional defensive utility stocks, indicating potential challenges in maintaining investor interest and performance in a competitive sector.
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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