Barclays Reiterates Buy Rating on Duke Energy
Barclays analyst Nicholas Campanella maintains a 'buy' rating with a $134 price target for Duke Energy, a 7.16% upside from the current price.
Key Points
- Barclays analyst Nicholas Campanella reiterated a 'buy' rating for Duke Energy, setting a price target of $134 as of June 18, 2026.
- Barclays's $134 price target implies 7.16% upside from Duke Energy Corporation's ($DUK) current $125.05 share price.
- Duke Energy's stock is currently trading at $123.73, with a market cap of approximately $96.46 billion and a P/E ratio of 19.04.
- Recent insider activity includes purchases by EVP Alexander Weintraub and sales by CEO Harry Sideris.
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Barclays analyst Nicholas Campanella has reiterated a 'buy' rating on Duke Energy Corporation (NYSE:DUK) with a price target of $134. This update came on June 18, 2026, as Duke Energy's shares traded at $123.73.
Other Institutional Activity in Duke Energy
BlackRock, Inc. increased its holdings by 433,230 shares, reaching a total of 69,323,870 shares valued at about $9.08 billion. State Street Corp also added 579,242 shares, ending with 44,532,642 shares worth approximately $5.83 billion. Meanwhile, Geode Capital Management, LLC boosted its stake by 755,168 shares, totaling 20,047,801 shares valued at $2.64 billion.
Duke Energy Corporation Stock Up 4.0%
Shares of Duke Energy are trading near $123.73 on the NYSE. The company has a market cap of around $96.46 billion and a P/E ratio of 19.04. Its 52-week range is between $113.90 and $134.49. The stock's 50-day moving average is $125.70, and its 200-day moving average is $124.05. Duke Energy has a beta of 0.379, suggesting lower volatility compared to the market.
$DUK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Duke Energy reported revenues of $32.72 billion, with a revenue growth of 11.3%. The company's net margin stands at 15.71%, and its return on equity is 9.66%. Duke Energy is set to announce its next earnings on August 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target cuts vs 1 raises.
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EPS & revenue
EPS beat estimates by 2.2%. Revenue beat estimates by 7.8%.
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Profit surprise
EBITDA beat by 10 percent. Operating income beat by 16 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 target raise, 2 target cuts.
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Earnings quality
Gross margin up 16.1 points. Operating margin up 1.3 points. Positive free cash flow.
Earnings Call Summary
Duke delivered $1.93 in adjusted earnings per share, beating the $1.79 target, driven by infrastructure spending and favorable weather. The company signed $2.7 billion in data center contracts this quarter, bringing total to $7.6 billion, with 15.4 billion in discussions. Major wins include $3.1 billion in clean energy tax credits for customers and approval to combine two Carolina utilities, saving customers $2.3 billion by 2040. The company closed over $5 billion in asset sales and is executing its largest regulated capital plan.
Guidance Duke reaffirmed its 2026 earnings target of $6.55 to $6.80 per share and 5 to 7 percent yearly growth through 2030, with confidence to hit the top half of the range starting in 2028. The company expects data center customers to begin taking power in late 2027 and into 2028, ramping through the early 2030s. Management will update load forecasts more frequently as deals accelerate.
Underwhelming report. Mixed results that may lead to slightly lower expectations.
Dividend
Duke Energy pays an annual dividend rate of $4.26, yielding 3.38% with a payout ratio of 65.23%.
Insider Buying and Selling at Duke Energy Corporation
Recent insider activity at Duke Energy includes EVP Alexander Weintraub purchasing 394 shares at $123.81 on May 20, 2026, and 3,265 shares at $124.56 on May 19, 2026. CEO Harry Sideris sold 20,000 shares at $124.37 on May 8, 2026.
Analysts Set New Price Targets
On June 18, 2026, Barclays maintained a 'buy' rating with a $134 price target. Mizuho also upheld its 'buy' rating with a $135 target on the same date. Truist Securities maintained a 'buy' rating with a $137 target on May 18, 2026. The consensus among 18 analysts is a 'buy', with an average price target of $138.56.
About Duke Energy
Duke Energy Corporation operates as an energy company in the United States, headquartered in Charlotte, North Carolina. It serves customers in the Southeast and Midwest through its Electric Utilities and Infrastructure segment, generating power from coal, hydroelectric, natural gas, oil, renewables, and nuclear fuel. The company also distributes natural gas and invests in related infrastructure projects. Duke Energy employs approximately 26,441 people under the leadership of CEO Harry K. Sideris.
Bottom Line
Barclays' reiteration of a 'buy' rating with a $134 target reflects continued confidence in Duke Energy's prospects. Investors track these ratings as part of broader market analysis, but remember, such ratings are backward-looking and may not indicate future performance.
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