Brokerages adjust Duke Energy price targets to $140–$146 and set $1.065 dividend

DUKDUK

RBC lowered its price target on Duke Energy to $140 from $143 while Scotiabank and Goldman Sachs raised theirs to $146 and $141 respectively. The company also declared a $1.065 quarterly dividend payable March 16 to shareholders of record on February 13.

1. Major Restoration Progress Following Winter Storm Fern

As of January 26, Duke Energy crews restored power to over 131,000 customers across North Carolina and South Carolina, reducing outages to approximately 22,000 by mid-afternoon. Restoration efforts have focused on heavily impacted areas along the Blue Ridge Escarpment—including Hendersonville, Travelers Rest and Clemson—where damaged lines and hazardous road conditions have delayed full service recovery until the following day. The company deployed more than 18,000 storm-response personnel, supported by mutual-aid crews from 27 states and Canada, to work on transmission lines, substations and distribution networks in parallel. Self-healing grid technology also rerouted power around isolated damage to accelerate service restoration in accessible areas.

2. Institutional Stake Adjustment and Insider Activity

In the third quarter, Commerzbank Aktiengesellschaft FI reduced its holding in Duke Energy by 8.6%, selling 6,054 shares and ending the period with 64,583 shares valued at approximately $7.99 million. Other institutional investors added or trimmed positions: Mascoma Wealth Management increased its stake by over 50%, while several advisory firms initiated new holdings in the low-thirty thousand-dollar range. Meanwhile, EVP Robert Alexander Glenn sold 8,200 shares in November, a 41.9% reduction in his personal position, reflecting a broader corporate insider ownership of just 0.14%.

3. Q3 Financial Results and Dividend Policy

In the latest quarter, Duke Energy reported year-over-year revenue growth of 4.8%, driven by higher regulated electric sales in the Carolinas and efficiency initiatives that offset winter weather impacts. EPS of $1.81 exceeded consensus estimates by $0.06, reflecting disciplined cost management and strong nuclear and gas generation output. The company maintained its quarterly dividend at $1.065 per share, representing a payout ratio near 67%, underscoring a commitment to delivering steady income to shareholders while funding ongoing grid modernization and clean energy investments.

Sources

DPP