Duke Energy (DUK) Stock Forecast & Price Target

Duke Energy is positioned for growth driven by an anticipated increase in capital expenditures, particularly following the recent submission of its updated Carolinas Resource Plan. The company is forecasted to achieve over 6.5% average annual earnings per share (EPS) growth, with opportunities for upward revisions in guidance expected during the upcoming 4Q25 results. Additionally, a steady population growth rate of approximately 2% in key regions such as the Carolinas, Florida, and Indiana further enhances the company's potential for sustained utility demand.

Duke Energy's dividend growth is notably slow, averaging approximately 2% per year, which lags behind industry peers that average around 5.5%. This underperformance in dividend distribution may deter some investors who typically seek higher returns from utility stocks. Additionally, macroeconomic trends and sector reports indicate an adverse environment for traditional utility investments, further contributing to a cautious outlook on Duke Energy's stock.