Duke Energy stock soars to all-time high of $121.26

Duke Energy Corporation (NYSE:DUK) shares have reached an unprecedented peak, touching an all-time high of $121.26. InvestingPro analysis shows the utility giant maintains remarkably low price volatility and has raised its dividend for 17 consecutive years, with a current yield of 3.48%. This milestone underscores the company’s robust performance amidst a dynamic energy market. Over the past year, Duke Energy has witnessed a remarkable growth trajectory, with its stock value actually surging by 31.73%. With a market capitalization of $94 billion and revenue growth of 4.66%, investors have shown increased confidence in the utility giant, as it continues to expand its operations and invest in sustainable energy solutions. The company’s strategic initiatives and strong financial results have fueled this upward trend, setting a new benchmark for its market valuation. According to InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value, with 6 additional exclusive ProTips available for subscribers.

In other recent news, Duke Energy has been the subject of several analyst updates and strategic initiatives. Jefferies raised its price target for Duke Energy to $132, maintaining a Buy rating, after adjusting earnings estimates slightly downward for 2025 through 2029. This comes despite a modest reduction in guidance, with the company still projecting a strong earnings per share growth rate. Meanwhile, BMO Capital Markets increased its target to $128, keeping an Outperform rating, citing Duke Energy’s clean regulatory environment and growth potential.

Goldman Sachs also made a minor adjustment, lifting the price target to $122 while maintaining a neutral stance, pointing out the company’s promising load growth forecast in the Carolinas. Mizuho (NYSE:MFG) Securities echoed a positive outlook, raising its target to $122 and maintaining an Outperform rating, highlighting Duke Energy’s robust financial strategy and improved rate base growth forecast. Beyond analyst evaluations, Duke Energy has expanded its assistance programs for low-income households in North Carolina, aiming for more substantial energy savings by 2025.

The company plans to offer increased incentives for weatherization services and introduce a demand response program with free smart thermostats and bill credits. These developments reflect Duke Energy’s ongoing commitment to sustainability and customer support.

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