Duke Energy (DUK) Stock Forecast & Price Target

Duke Energy's prospects are bolstered by an anticipated increase in capital expenditures, particularly following the recent filing of the updated Carolinas Resource Plan, which positions the company for growth. The company is projected to achieve an average annual EPS growth of just above 6.5%, with potential for further upward revisions following the 4Q25 results. Additionally, steady population growth of approximately 2% in the Carolinas, Florida, and Indiana contributes positively to the utility's customer base expansion and revenue potential.

Duke Energy's stock outlook has been negatively influenced by its dividend growth, which is stagnating at approximately 2% per year, significantly lower than the industry average of around 5.5%. The company's reliance on slow growth metrics may deter investors who are seeking more attractive returns, particularly in a market that favors higher yield opportunities. Additionally, the context of broader sector trends suggests a shift away from traditionally stable utility investments, compounding the concerns surrounding Duke Energy's financial performance and attractiveness.