Skip to Content

Duke Energy Corp DUK

Morningstar Rating
$92.13 −0.86 (0.92%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Duke Energy Earnings: Capital Investment Increase Highlights Long-Term Growth Opportunities

We are maintaining our $112 per share Duke Energy fair value estimate after the company reported full-year 2023 adjusted earnings per share of $5.56 compared with $5.27 in 2022. Duke Energy remains one of the cheapest utilities in our U.S. coverage, trading at a 15% discount to our fair value estimate as of Feb. 8. We don't think the market fully appreciates Duke's constructive regulatory environments and long runway of regulated growth opportunities.

Price vs Fair Value

DUK is trading at a 18% discount.
Price
$92.13
Fair Value
$849.00
Uncertainty
Low
1-Star Price
$843.00
5-Star Price
$45.70
Economic Moat
Snjxxm
Capital Allocation
Qtyjbvs

Bulls Say, Bears Say

Bulls

Duke's regulated utilities provide a stable source of earnings. The company's large capital expenditure plan should drive rate base and earnings growth for the next several years. We think Duke can achieve the midpoint of management's 5%-7% earnings growth target.

Bears

Equity issuances and capital investment delays have hurt management's relationships with key stakeholders.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if DUK is a good fit for your portfolio.

News

Trading Information

Previous Close Price
$92.99
Day Range
$91.3092.59
52-Week Range
$83.06100.39
Bid/Ask
$88.44 / $97.44
Market Cap
$71.01 Bil
Volume/Avg
4 / 3.3 Mil

Key Statistics

Price/Earnings (Normalized)
17.40
Price/Sales
2.42
Dividend Yield (Trailing)
4.43%
Dividend Yield (Forward)
4.45%
Total Yield
4.43%

Company Profile

Duke Energy is one of the largest U.S. utilities, with regulated utilities in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to 8.2 million customers. Its natural gas utilities serve more than 1.6 million customers. Duke sold its commercial renewable energy portfolio in 2023.
Sector
Utilities
Industry
Utilities - Regulated Electric
Stock Style Box
Large Value
Total Number of Employees
27,859

Competitors

Valuation

Metric
DUK
AEP
NEE
Price/Earnings (Normalized)
17.4015.5717.67
Price/Book Value
1.491.642.42
Price/Sales
2.422.114.05
Price/Cash Flow
7.198.128.96
Price/Earnings
DUK
AEP
NEE

Financial Strength

Metric
DUK
AEP
NEE
Quick Ratio
0.260.290.31
Current Ratio
0.760.600.55
Interest Coverage
2.422.263.19
Quick Ratio
DUK
AEP
NEE

Profitability

Metric
DUK
AEP
NEE
Return on Assets (Normalized)
4.13%2.12%3.83%
Return on Equity (Normalized)
15.64%8.23%14.54%
Return on Invested Capital (Normalized)
7.80%5.60%7.45%
Return on Assets
DUK
AEP
NEE
See how this stock stacks up to its competitors with Morningstar Investor

Utilities - Regulated Electric Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
NEE
NextEra Energy IncCgsdtb$116.3 Bil
SO
Southern CoDztks$73.3 Bil
NGG
National Grid PLC ADRXjrl$48.3 Bil
AEP
American Electric Power Co IncHffvqw$43.1 Bil
PCG
PG&E CorpMnwp$42.3 Bil
D
Dominion Energy IncZrvxtr$38.2 Bil
EXC
Exelon CorpGlqfzry$36.0 Bil
XEL
Xcel Energy IncPgtjgk$32.9 Bil
ED
Consolidated Edison IncPstz$30.4 Bil

Sponsor Center