Duke Energy Corp

DUK: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$776.00	Sxrqydn	Xsyldjk

Duke Energy Earnings: After Strong First Quarter, Firm Remains a Top Utilities Pick

Andrew Bischof

May 7, 2024

We are maintaining our $112 per share fair value estimate for narrow-moat Duke Energy after the company reported first-quarter adjusted earnings of $1.44 per share compared with $1.20 in the same year-ago quarter. Management reaffirmed their 2024 EPS guidance range of $5.85-$6.10, in line with our estimate.

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