Duke Energy (DUK) Stock Forecast & Price Target

Duke Energy is poised to experience notable capital expenditure (capex) increases following the filing of its updated Carolinas Resource Plan, with expectations for this to impact the company's financials positively in the upcoming fourth quarter of 2025. The company is forecasted to achieve above 6.5% average annual earnings per share (EPS) growth, underscoring a robust financial trajectory that may improve further based on forthcoming results. Additionally, steady residential growth at approximately 2% in key states such as the Carolinas, Florida, and Indiana supports Duke Energy's long-term customer base expansion and revenue potential.

Duke Energy's dividend growth rate is notably slower than the industry average at approximately 2% annually, which raises concerns for investors seeking higher returns. This slower growth may diminish investor sentiment, particularly in a competitive utility market where peers are offering dividends around 5.5%. Additionally, broader market conditions, as reflected in recent sector reports, suggest a challenging environment for utility companies, potentially further impacting Duke Energy's financial performance.