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Investing.com - BMO Capital raised its price target on Duke Energy (NYSE:DUK) to $132.00 from $131.00 on Wednesday, while maintaining an Outperform rating on the utility company’s stock. The stock, currently trading at $126.14, sits near its 52-week high of $127.85, with a market capitalization of $98.11 billion.
The price target adjustment follows Duke Energy’s second-quarter earnings report, which showed earnings per share of $1.25, exceeding both BMO’s estimate of $1.21 and the consensus estimate of $1.18. According to InvestingPro, Duke Energy has maintained dividend payments for 55 consecutive years, with 17 years of consecutive increases, demonstrating strong financial stability.
Duke Energy also announced the sale of a 19.7% interest in Duke Energy Florida to Brookfield (NYSE:BAM) for $6.0 billion. The transaction will help accelerate Duke’s deleveraging plan and fund a $4.0 billion increase in Duke Energy Florida’s capital plan. With current revenue of $30.85 billion and a P/E ratio of 20.57, Duke Energy remains a prominent player in the Electric Utilities industry. For deeper insights into Duke Energy’s financial health and growth potential, check out the comprehensive Pro Research Report available on InvestingPro.
The company reaffirmed its 2025 guidance of $6.17-6.42 per share and maintained its long-term 5.0-7.0% earnings per share compound annual growth rate target.
BMO Capital noted that the Brookfield transaction increases management’s confidence in achieving earnings in the top half of its EPS growth range in the 2028/2029 time frame.
In other recent news, Duke Energy Corporation reported its Q2 2025 earnings, exceeding analysts’ forecasts. The company achieved an adjusted earnings per share (EPS) of $1.25, surpassing the expected $1.21, resulting in a 3.31% positive EPS surprise. Additionally, Duke Energy’s revenue reached $7.51 billion, outpacing the projected $7.45 billion. These figures highlight the company’s strong performance for the quarter. The earnings report has drawn attention from investors, reflecting confidence in Duke Energy’s current operations and future potential. While the stock price movement is not discussed, the financial results have been positively received. The company’s ability to outperform expectations could influence future assessments by analysts. These developments are part of Duke Energy’s ongoing financial narrative.
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