Mizuho Reiterates Buy Rating on Duke Energy
Mizuho maintains its buy rating on Duke Energy with a $135 price target, a 7.96% upside from the current price.
Key Points
- Mizuho reiterated its buy rating on Duke Energy (DUK) with a price target of $135 on June 18, 2026.
- Mizuho's $135 price target implies 7.96% upside from Duke Energy Corporation's ($DUK) current $125.05 share price.
- Duke Energy shares are trading around $123.73, with a market cap of approximately $96.5 billion and a P/E ratio of 19.04.
- Insider transactions included recent purchases by EVP Alexander Weintraub, while other analysts like Truist Securities and JP Morgan also maintained their ratings.
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Mizuho reiterated its buy rating on Duke Energy Corporation (NYSE:DUK) on June 18, 2026. The firm set a price target of $135 for the utility giant. This follows previous actions by other analysts, with Truist Securities and JP Morgan maintaining their ratings in recent months.
Other Institutional Activity in Duke Energy
In recent institutional moves, BlackRock, Inc. grew its holdings by 433,230 shares, ending with 69,323,870 shares valued at about $9.08 billion. State Street Corp added 579,242 shares to reach 44,532,642 shares worth approximately $5.83 billion. Geode Capital Management, LLC increased its stake by 755,168 shares, holding a total of 20,047,801 shares valued at around $2.64 billion.
Duke Energy Corporation Stock Up 4.0%
Shares of Duke Energy Corporation (NYSE:DUK) are trading near $123.73. The company has a market cap of about $96.5 billion, with a P/E ratio of 19.04 and a forward P/E of 17.26. Its beta is relatively low at 0.379, indicating less volatility compared to the market. The stock has traded between $113.9 and $134.49 over the past year, and it has a 50-day moving average of $125.70 and a 200-day moving average of $124.05.
$DUK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Duke Energy reported revenues of approximately $32.72 billion, with a revenue growth rate of 11.3%. The net margin stands at 15.71%, and the return on equity is 9.66%. The company is expected 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 offers a dividend rate of $4.26, yielding 3.38% with a payout ratio of 65.23%. This makes it an attractive option for income-focused investors.
Insider Buying and Selling at Duke Energy Corporation
Recent insider activity at Duke Energy includes several purchases and sales. Alexander Weintraub, EVP and Chief Customer Officer, bought 394 shares at $123.81 on May 20, 2026, and 3,265 shares at $124.56 on May 19, 2026. On the other hand, President and CEO Harry Sideris sold 20,000 shares at $124.37 on May 8, 2026.
Analysts Set New Price Targets
On June 18, 2026, Mizuho reiterated its buy rating with a $135 price target. Earlier, on May 18, 2026, Truist Securities maintained its buy rating with a $137 target. JP Morgan kept its hold rating with a $136 target on May 13, 2026. The consensus among analysts is a buy, with a mean price target of $138.56 based on 18 opinions.
About Duke Energy
Duke Energy Corporation is a leading energy company headquartered in Charlotte, North Carolina. It operates through segments such as Electric Utilities and Infrastructure, and Gas Utilities and Infrastructure. The company generates and distributes electricity in the Southeast and Midwest regions. It also distributes natural gas and invests in various infrastructure projects. Duke Energy is led by CEO Harry K. Sideris and employs over 26,000 people.
Bottom Line
Mizuho's reiteration of its buy rating on Duke Energy underscores ongoing confidence in the company's prospects. With a solid market cap and a history of stable dividend payments, Duke Energy remains a key player in the regulated utilities sector. Investors should note that analyst ratings and price targets are based on past performance and market conditions, and may not reflect future changes.
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