We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Reasons to Add Duke Energy (DUK) to Your Portfolio Right Now
Read MoreHide Full Article
Duke Energy Corporation’s (DUK - Free Report) systematic capital expenditure to expand the existing electric transmission and distribution infrastructure, expanding renewable generation as well as increasing demand for customers make it a solid investment option in the utility space.
The Zacks Consensus Estimate for 2021 and 2022 earnings per share has moved up 0.2% and 0.2%, respectively, in the past 60 days.
The Zacks Consensus Estimate for revenues for 2021 and 2022 indicates a year-over-year increase of 4.9% and 3.7%, respectively.
Surprise History and Earnings Growth
Duke Energy delivered an average earnings surprise of 2.3% in the last four quarters.
Duke Energy’s long-term (three to five years) earnings growth is projected at 5.3%.
Regular Investments & Emission Reduction
Duke Energy plans to invest in the range of $60-$65 billion in the 2022-2026 time period to strengthen its existing infrastructure. A major portion of the same will be invested in zero-carbon generation. Duke Energy is executing its infrastructure plans and intends to invest $30 billion in the transmission and distribution modernization plan during the 2022-2026 period.
Duke Energy has taken initiatives to expand the renewable asset base and aims to reach the target of net-zero carbon emissions from electric generation by 2050. DUK has already lowered its carbon emissions in 2020 by more than 40% since 2005.
Dividend History & Dividend Yield
Duke Energy’s dividend payment history indicates that the company has been performing steadily and generating enough cash flow to distribute dividends to shareholders. DUK has been paying dividends to shareholders for the past 95 consecutive years and increasing the same annually over the past 14 years.
Lower risk-regulated investment will help Duke Energy to generate enough cash flow over the long term that will encourage management to continue with shareholder-friendly initiatives. Currently, Duke Energy has a dividend yield of 3.89% compared with the Zacks S&P 500 composite’s 1.36%.
Price Performance
In the past 12 months, Duke Energy’s shares have returned 9.9% compared with the industry’s 6.7% growth.
Image Source: Zacks Investment Research
Other Stocks to Consider
Other top-ranked stocks in the same sector include Otter Tail Corporation (OTTR - Free Report) , California Water Service Group (CWT - Free Report) and Dominion Energy (D - Free Report) , each holding a Zacks Rank #2.
Otter Tail, California Water Service, and Dominion Energy delivered an average earnings surprise of 27.9%, 10.8%, and 2.4%, respectively, in the last four quarters.
The Zacks Consensus Estimate for 2021 earnings per share of Otter Tail, California Water Service, and Dominion Energy has moved up 0.8%, 7.6%, and 0.5%, respectively, in the past 60 days.
In the past year, shares of Otter Tail, California Water Service, and Dominion Energy have returned 57.6%, 31.3%, and 1.1%, respectively, compared with the Zacks Utility Sector’s 4.8% growth.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Shutterstock
Reasons to Add Duke Energy (DUK) to Your Portfolio Right Now
Duke Energy Corporation’s (DUK - Free Report) systematic capital expenditure to expand the existing electric transmission and distribution infrastructure, expanding renewable generation as well as increasing demand for customers make it a solid investment option in the utility space.
Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Growth Projections
The Zacks Consensus Estimate for 2021 and 2022 earnings per share has moved up 0.2% and 0.2%, respectively, in the past 60 days.
The Zacks Consensus Estimate for revenues for 2021 and 2022 indicates a year-over-year increase of 4.9% and 3.7%, respectively.
Surprise History and Earnings Growth
Duke Energy delivered an average earnings surprise of 2.3% in the last four quarters.
Duke Energy’s long-term (three to five years) earnings growth is projected at 5.3%.
Regular Investments & Emission Reduction
Duke Energy plans to invest in the range of $60-$65 billion in the 2022-2026 time period to strengthen its existing infrastructure. A major portion of the same will be invested in zero-carbon generation. Duke Energy is executing its infrastructure plans and intends to invest $30 billion in the transmission and distribution modernization plan during the 2022-2026 period.
Duke Energy has taken initiatives to expand the renewable asset base and aims to reach the target of net-zero carbon emissions from electric generation by 2050. DUK has already lowered its carbon emissions in 2020 by more than 40% since 2005.
Dividend History & Dividend Yield
Duke Energy’s dividend payment history indicates that the company has been performing steadily and generating enough cash flow to distribute dividends to shareholders. DUK has been paying dividends to shareholders for the past 95 consecutive years and increasing the same annually over the past 14 years.
Lower risk-regulated investment will help Duke Energy to generate enough cash flow over the long term that will encourage management to continue with shareholder-friendly initiatives. Currently, Duke Energy has a dividend yield of 3.89% compared with the Zacks S&P 500 composite’s 1.36%.
Price Performance
In the past 12 months, Duke Energy’s shares have returned 9.9% compared with the industry’s 6.7% growth.
Other Stocks to Consider
Other top-ranked stocks in the same sector include Otter Tail Corporation (OTTR - Free Report) , California Water Service Group (CWT - Free Report) and Dominion Energy (D - Free Report) , each holding a Zacks Rank #2.
Otter Tail, California Water Service, and Dominion Energy delivered an average earnings surprise of 27.9%, 10.8%, and 2.4%, respectively, in the last four quarters.
The Zacks Consensus Estimate for 2021 earnings per share of Otter Tail, California Water Service, and Dominion Energy has moved up 0.8%, 7.6%, and 0.5%, respectively, in the past 60 days.
In the past year, shares of Otter Tail, California Water Service, and Dominion Energy have returned 57.6%, 31.3%, and 1.1%, respectively, compared with the Zacks Utility Sector’s 4.8% growth.