Duke Energy Corporation (DUK) Stock Price & Analysis
Duke Energy Corporation (DUK) is trading at USD 124.61, down 0.63% today, as of October 23, 2026 at 16:40 UTC (US market open; quotes may be delayed), according to Nexqual market data.
DUK last closed at USD 125.4; today's session has ranged USD 124.3–125.85 on volume of 1,055,185 shares. Market capitalization is $97.15B, with a 52-week range of USD 112.4–134.49 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 16:40 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DUK.md
Key facts (DUK)
- Last four reported quarters (through Jun 30, 2026): revenue $32.6B, net income $5.25B (16.1% margin), free cash flow -$4.27B (SEC filings).
- Valuation: P/E 18.5x (avg 21.0x at the last 3 fiscal year-ends), EV/EBITDA 10.9x, net debt $88.2B.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $2.9M; 2 not under a Rule 10b5-1 plan ($2.9M); 0 by opportunistic insiders, 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.35 on a 1–5 scale) (23 analysts), mean target USD 132.11 (range 121–143).
- Total return with dividends: 1Y +1.4% vs S&P 500 +14.6%; 5Y +48.1% vs S&P 500 +77.3%.
- Next earnings: 2026-11-05, EPS estimate USD 1.86, revenue estimate $8.97B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DUK)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $24.5B | $28.7B | $28.7B | $30.1B | $31.7B | $32.6B |
| Operating income | $5.50B | $6.01B | $7.07B | $7.93B | $8.63B | $9.23B |
| Net income | $3.91B | $2.55B | $2.84B | $4.52B | $4.97B | $5.25B |
| EPS (diluted) | $4.94 | $3.17 | $3.54 | $5.71 | $6.31 | — |
| Free cash flow | -$1.43B | -$5.44B | -$2.73B | $48.0M | -$1.69B | -$4.27B |
| Operating margin | 22.5% | 21.0% | 24.7% | 26.4% | 27.2% | 28.3% |
| Net margin | 16.0% | 8.9% | 9.9% | 15.1% | 15.7% | 16.1% |
| Revenue growth | +5.3% | +17.1% | +0.0% | +4.8% | +5.6% | — |
| Cash + short-term investments | $341M | $409M | $253M | $314M | $245M | — |
| Total debt | $63.8B | $69.8B | $75.3B | $80.7B | $87.2B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DUK)
P/E 18.5x · P/S 3.0x · EV/EBITDA 10.9x · EV/Sales 5.7x · P/B 1.8x · FCF yield -4.40% · Earnings yield 5.40% · Net debt $88.2B · EV $185B
P/E at fiscal year-ends: Dec 2025 18.3x, Dec 2024 18.4x, Dec 2023 26.3x.
Insider sales (SEC Form 4, open-market, last ~7 months) (DUK)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-11 | Renjel Louis E. | EVP&CEO DEF&MW&ChiefCorpAffOff | 3,500 | $438K | 13.6% | No | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
| 2026-05-08 | Sideris Harry K. | President, CEO | 20,000 | $2.5M | 16.9% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (DUK)
Consensus Buy (mean 2.35 on a 1–5 scale), 23 analysts; mean target USD 132.11 (low 121, high 143).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | HSBC | Initiated | Hold | $123 |
| 2026-10-21 | Morgan Stanley | Target raised | Equal-Weight | $127 → $128 |
| 2026-10-13 | JP Morgan | Target lowered | Neutral | $137 → $130 |
| 2026-10-13 | Keybanc | Target lowered | Overweight | $139 → $128 |
| 2026-10-12 | Truist Securities | Target lowered | Buy | $135 → $130 |
| 2026-10-09 | Barclays | Target lowered | Overweight | $132 → $124 |
| 2026-09-18 | Morgan Stanley | Target lowered | Equal-Weight | $133 → $127 |
| 2026-08-21 | Morgan Stanley | Target lowered | Equal-Weight | $138 → $133 |
| 2026-08-17 | Truist Securities | Target lowered | Buy | $138 → $135 |
| 2026-08-05 | BMO Capital | Target lowered | Outperform | $134 → $132 |
| 2026-08-05 | Barclays | Target lowered | Overweight | $140 → $132 |
| 2026-07-23 | Keybanc | Upgrade | Sector Weight → Overweight | $139 |
Total return (dividends reinvested) (DUK)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +1.4% | +48.1% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | +1.4% | +8.2% |
| Volatility (annualized) | 16.6% | 18.0% |
| Max drawdown | -13.7% (Mar 2026→Sep 2026) | -23.4% (May 2022→Oct 2022) |
DUK revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Electric Utilities and Infrastructure | $7.03B | 94.6% | +1.4% |
| Gas Utilities and Infrastructure | $398.0M | 5.4% | -8.7% |
| Total revenue | $7.43B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DUK suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Duke Energy Carolinas | “While customer satisfaction across our industry continues to be impacted by inflationary pressures and the impact of ongoing rate case activity on customer bills, our work continues to be recognized by customers through strong customer satisfaction scores in several jurisdictions including Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida and Piedmont as measured by J.D.” |
| Customer | Duke Energy Progress | “While customer satisfaction across our industry continues to be impacted by inflationary pressures and the impact of ongoing rate case activity on customer bills, our work continues to be recognized by customers through strong customer satisfaction scores in several jurisdictions including Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida and Piedmont as measured by J.D.” |
| Customer | Duke Energy Florida | “While customer satisfaction across our industry continues to be impacted by inflationary pressures and the impact of ongoing rate case activity on customer bills, our work continues to be recognized by customers through strong customer satisfaction scores in several jurisdictions including Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida and Piedmont as measured by J.D.” |
| Partner | SPIRE INC (SR) | “In July 2025, Piedmont entered into a purchase agreement with Spire Inc. for the sale of Piedmont's Tennessee business, which is included within the GU&I segment of Duke Energy and Piedmont.” |
Quoted from the company's 10-K filed Feb 26, 2026.
Companies that name DUK in their SEC reports
| Relationship to DUK | Company | Filing | Sentence |
|---|---|---|---|
| supplier | HALLADOR ENERGY CO (HNRG) | 10-K Mar 12, 2026 | “Significant third-party customers in 2025 include Vectren Corporation, a wholly-owned subsidiary of CenterPoint Energy (NYSE: CNP), Orlando Utility Commission (OUC), and Duke Energy Corporation (NYSE: DUK).” |
| supplier | Willdan Group, Inc. (WLDN) | 10-K Feb 27, 2026 | “Since its launch in 2013, the program has grown to encompass all eligible Duke Energy customers in North Carolina, South Carolina, Indiana, and Kentucky.” |
| supplier | WILLIAMS COMPANIES, INC. (WMB) | 10-K Feb 24, 2026 | “For the year ended December 31, 2025, Transco's largest customer was Duke Energy Corporation, which accounted for approximately 9 percent of its operating revenue, and NWP's largest customer was Puget Sound Energy, Inc., which accounted for approximately 31 percent of its operating revenue.” |
| partner | SPIRE INC (SRJN) | 10-K Nov 14, 2025 | “On July 27, 2025, Spire entered into an agreement with Piedmont Natural Gas, a wholly-owned Subsidiary of Duke Energy, to acquire its Tennessee natural gas business that serves more than 200,000 customers in the Nashville area (the "Transaction").” |
DUK company outlook (results filed Aug 4, 2026)
- “The company is reaffirming its 2026 adjusted EPS guidance of $6.55 to $6.80 and long-term adjusted EPS growth rate of 5% to 7% through 2030 off the 2025 midpoint of $6.30, with confidence to earn in the top half of the range beginning in 2028.”
Quoted word-for-word from the SEC 8-K results press release.
DUK analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.86 | $1.87 | -0.4% | $8.97B | 15 |
| Next quarter (ends Dec 2026) | $1.49 | $1.60 | -6.9% | $8.05B | 12 |
| Current fiscal year (ends Dec 2026) | $6.71 | $6.70 | +0.2% | $33.74B | 22 |
| Next fiscal year (ends Dec 2027) | $7.17 | $7.17 | +0.0% | $35.28B | 22 |
DUK options: expected move
Options price a move of about ±4.3% (±$5.33) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±1.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 18.2% | ±4.3% |
| Dec 18, 2026 | 56 | 18.1% | ±5.7% |
| Jan 15, 2027 | 84 | 17.7% | ±6.9% |
| Mar 19, 2027 | 147 | 17.9% | ±9.1% |
| Apr 16, 2027 | 175 | 18.0% | ±10.0% |
| Jun 17, 2027 | 237 | 18.3% | ±11.8% |
| Sep 17, 2027 | 329 | 18.7% | ±14.0% |
30-day implied volatility 17.7% vs 18.7% realized over the last 30 trading days. Put/call ratio (volume) 0.68. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 16:40 UTC)
| Price | USD 124.61 |
|---|---|
| Change | ▼ 0.63% (down) |
| Previous Close | USD 125.4 |
| Open | USD 125.43 |
| Day Range | USD 124.3 – 125.85 |
| 52-Week Range | USD 112.4 – 134.49 |
| Volume | 1,055,185 shares |
| Market Cap | $97.15B |
| Exchange | NYQ |
Technical Analysis (DUK)
Nexqual's technical model rates DUK "BUY" based on 5 bullish and 1 bearish signals across 128 daily candles, as of October 23, 2026 at 16:40 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 65.29 (neutral) |
| vs SMA50 | Above (USD 118.93) |
| MACD | 1.45 (positive) |
Analyst Ratings (DUK)
Wall Street analysts rate DUK "Buy" based on 23 analysts, with a mean price target of USD 132.11 (range USD 121–143), per Nexqual as of October 23, 2026 at 16:40 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 23 |
| Mean Target | USD 132.11 |
| High Target | USD 143 |
| Low Target | USD 121 |
| Buy / Hold / Sell | 12 / 11 / 0 |
Earnings (DUK)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 1.86 |
| Revenue Estimate | $8.97B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.43 vs est 1.3 ▲ beat |
| 2026-03-31 | USD 1.93 vs est 1.8 ▲ beat |
| 2025-12-31 | USD 1.5 vs est 1.49 ▲ beat |
| 2025-09-30 | USD 1.81 vs est 1.75 ▲ beat |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
Financials & Fundamentals (DUK)
| Total Revenue | $32.80B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +1.10% |
| Gross Margin | +51.97% |
| Operating Margin | +27.50% |
| Profit Margin | +16.00% |
| ROE | +9.86% |
| Debt / Equity | 1.62 |
| Current Ratio | 0.66 |
| Total Cash | $673.00M |
| Total Debt | $92.21B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$4.27B (-13.1% of revenue) |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
Financial Health Score (DUK)
Nexqual rates Duke Energy Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 16:40 UTC.
| Growth | Solid — Revenue +6% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 52%, operating 28% (last 12 months) |
| Balance Sheet | Critical — $673M cash and investments vs $88.9B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$4.27B (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Mixed — ROE 10%, ROA 2.8% |
Ownership (DUK)
| Insider Ownership | +0.13% |
|---|---|
| Institutional Ownership | +71.08% |
| Shares Outstanding | 779.70M |
| Float | 777.48M |
| Short % of Float | +2.54% |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
Leadership (DUK)
Duke Energy Corporation is led by Harry K. Sideris, President, CEO & Director, per Nexqual as of October 23, 2026 at 16:40 UTC.
| President, CEO & Director | Harry K. Sideris |
|---|---|
| Executive VP & CFO | Brian D. Savoy |
| Executive Vice President of Nuclear Program Strategy | T. Preston Gillespie |
| Vice President of Investor Relations | Mike Switzer |
Major Backers & Investors (DUK)
Notable institutional backers of Duke Energy Corporation include SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF, Morgan Stanley, Massachusetts Financial Services Co., according to Nexqual as of October 23, 2026 at 16:40 UTC.
Active Investors
| Investor | Stake |
|---|---|
| SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF | 1.77% |
| Morgan Stanley | 1.68% |
| Massachusetts Financial Services Co. | 1.63% |
| Franklin Resources, Inc. | 1.35% |
| Fidelity | 1.3% |
| FMR, LLC | 1.24% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 9.13% |
| BlackRock | 9.05% |
| State Street | 5.77% |
| Geode Capital | 2.61% |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
From Duke Energy Corporation's Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- GU&I has approximately 1.8 million total customers, including 1 million customers in the Carolinas, 205,000 customers in Tennessee and 565,000 customers in southwestern Ohio and northern Kentucky.
- GU&I also has various regulatory mechanisms in place to track and recover certain costs associated with capital investments including the Integrity Management Rider in North Carolina, annual review mechanism (ARM) in Tennessee and CEP Rider in Ohio.
- Our goals include attracting and retaining the talent needed and rewarding performance to enable us to reach our strategic objectives.
Partnerships
- In August 2025, Duke Energy entered into an investment agreement with an affiliate of Brookfield Super-Core Infrastructure Partners to receive $6 billion in exchange for an eventual anticipated 19.7% indirect investment in Duke Energy Florida.
- In August 2025, Duke Energy, Progress Energy and Florida Progress entered into an investment agreement with an affiliate of Brookfield Super-Core Infrastructure Partners related to an indirect minority interest investment in Duke Energy Florida.
Legal & Regulatory Risks (Item 1A, quoted)
- The Duke Energy Registrants' regulated utility revenues, earnings and results of operations are dependent on state legislation and regulation that affect electric generation, electric and natural gas transmission, distribution and related activities, which may limit their ability to recover costs.
- The rates that the Duke Energy Registrants' regulated utility businesses are allowed to charge are established by state utility commissions in rate case proceedings, which may limit their ability to recover costs and earn an appropriate return on investment.
- Increased competition and unrecovered costs could adversely affect the Duke Energy Registrants' results of operations, financial position or cash flows and their utility businesses.
- Increased competition resulting from deregulation or restructuring legislation could have a significant adverse impact on the Duke Energy Registrants' results of operations, financial position or cash flows and their utility businesses.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SO | Southern Company (The) | USD 92.92 | ▼ 0.96% |
| NGG | National Grid Transco, PLC Nati | USD 81.84 | ▼ 0.97% |
| AEP | American Electric Power Company | USD 129.34 | ▼ 1% |
| D | Dominion Energy, Inc. | USD 65.03 | ▼ 0.57% |
| NEE | NextEra Energy, Inc. | USD 81.76 | ▼ 0.18% |
| ETR | Entergy Corporation | USD 107.6 | ▼ 0.55% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:40 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt