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Duke Energy

NYSE:DUK
Snowflake Description

6 star dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DUK
NYSE
$64B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. The last earnings update was 73 days ago. More info.


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DUK Share Price and Events
7 Day Returns
-0.3%
NYSE:DUK
-0.5%
US Electric Utilities
-1.2%
US Market
1 Year Returns
9.7%
NYSE:DUK
14.6%
US Electric Utilities
3.4%
US Market
DUK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Duke Energy (DUK) -0.3% -1.2% -0.3% 9.7% 2.3% 20.8%
US Electric Utilities -0.5% -0.4% 5.2% 14.6% 13.4% 42.8%
US Market -1.2% 1.2% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • DUK underperformed the Electric Utilities industry which returned 14.6% over the past year.
  • DUK outperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
DUK
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Duke Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Duke Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Duke Energy.

NYSE:DUK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:DUK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.26
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.26 (1 + (1- 21%) (94.54%))
0.634
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:DUK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Duke Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:DUK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2020 994.50 Analyst x2 925.13
2021 2,503.00 Analyst x1 2,166.01
2022 4,035.89 Est @ 61.24% 3,248.92
2023 5,799.11 Est @ 43.69% 4,342.70
2024 7,620.09 Est @ 31.4% 5,308.34
2025 9,357.45 Est @ 22.8% 6,063.95
2026 10,927.52 Est @ 16.78% 6,587.47
2027 12,300.47 Est @ 12.56% 6,897.93
2028 13,483.02 Est @ 9.61% 7,033.70
2029 14,500.82 Est @ 7.55% 7,037.02
Present value of next 10 years cash flows $49,611.16
NYSE:DUK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $14,500.82 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$312,430.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $312,430.60 ÷ (1 + 7.5%)10
$151,617.64
NYSE:DUK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $49,611.16 + $151,617.64
$201,228.80
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $201,228.80 / 728.05
$276.4
NYSE:DUK Discount to Share Price
Calculation Result
Value per share (USD) From above. $276.40
Current discount Discount to share price of $88.45
= -1 x ($88.45 - $276.40) / $276.40
68%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Duke Energy is available for.
Intrinsic value
>50%
Share price is $88.45 vs Future cash flow value of $276.4
Current Discount Checks
For Duke Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Duke Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Duke Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Duke Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Duke Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:DUK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $4.09
NYSE:DUK Share Price ** NYSE (2019-07-19) in USD $88.45
United States of America Electric Utilities Industry PE Ratio Median Figure of 26 Publicly-Listed Electric Utilities Companies 22.57x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Duke Energy.

NYSE:DUK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DUK Share Price ÷ EPS (both in USD)

= 88.45 ÷ 4.09

21.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Duke Energy is good value based on earnings compared to the US Electric Utilities industry average.
  • Duke Energy is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Duke Energy's expected growth come at a high price?
Raw Data
NYSE:DUK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
7.3%per year
United States of America Electric Utilities Industry PEG Ratio Median Figure of 22 Publicly-Listed Electric Utilities Companies 3.19x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NYSE:DUK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.64x ÷ 7.3%

2.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Duke Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Duke Energy's assets?
Raw Data
NYSE:DUK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $60.52
NYSE:DUK Share Price * NYSE (2019-07-19) in USD $88.45
United States of America Electric Utilities Industry PB Ratio Median Figure of 29 Publicly-Listed Electric Utilities Companies 2.17x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NYSE:DUK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DUK Share Price ÷ Book Value per Share (both in USD)

= 88.45 ÷ 60.52

1.46x

* Primary Listing of Duke Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Duke Energy is good value based on assets compared to the US Electric Utilities industry average.
X
Value checks
We assess Duke Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Duke Energy has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Duke Energy expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Duke Energy expected to grow at an attractive rate?
  • Duke Energy's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Duke Energy's earnings growth is positive but not above the United States of America market average.
  • Duke Energy's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:DUK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:DUK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 7.3%
NYSE:DUK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.3%
United States of America Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
United States of America Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:DUK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:DUK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 28,745 4,608 1
2022-12-31 25,918 4,359 2
2021-12-31 26,512 8,918 4,031 9
2020-12-31 26,056 8,783 3,787 14
2019-12-31 25,290 7,850 3,556 14
NYSE:DUK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 24,144 7,034 2,921
2018-12-31 24,116 7,186 2,642
2018-09-30 23,909 7,313 2,903
2018-06-30 23,770 7,126 2,780
2018-03-31 23,686 6,769 2,963
2017-12-31 23,189 6,624 3,059
2017-09-30 22,977 6,184 2,729
2017-06-30 23,071 6,392 2,773
2017-03-31 22,733 6,381 2,712
2016-12-31 22,381 6,863 2,567
2016-09-30 21,027 6,891 2,527
2016-06-30 20,932 7,022 2,464

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Duke Energy's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
  • Duke Energy's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:DUK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Duke Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DUK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 6.03 6.10 5.95 2.00
2022-12-31 5.82 5.91 5.75 3.00
2021-12-31 5.48 5.57 5.32 8.00
2020-12-31 5.20 5.27 5.07 10.00
2019-12-31 4.93 5.00 4.84 10.00
NYSE:DUK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 4.09
2018-12-31 3.73
2018-09-30 4.12
2018-06-30 3.97
2018-03-31 4.23
2017-12-31 4.37
2017-09-30 3.90
2017-06-30 3.98
2017-03-31 3.91
2016-12-31 3.71
2016-09-30 3.67
2016-06-30 3.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Duke Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Duke Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Duke Energy has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Duke Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Duke Energy's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Duke Energy's year on year earnings growth rate has been positive over the past 5 years.
  • Duke Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Duke Energy's 1-year earnings growth is negative, it can't be compared to the US Electric Utilities industry average.
Earnings and Revenue History
Duke Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Duke Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DUK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 24,144.00 2,921.00
2018-12-31 24,116.00 2,642.00
2018-09-30 23,909.00 2,903.00
2018-06-30 23,770.00 2,780.00
2018-03-31 23,686.00 2,963.00
2017-12-31 23,189.00 3,059.00
2017-09-30 22,977.00 2,729.00 242.00
2017-06-30 23,071.00 2,773.00 242.00
2017-03-31 22,733.00 2,712.00 242.00
2016-12-31 22,381.00 2,567.00
2016-09-30 21,027.00 2,527.00 313.00
2016-06-30 20,932.00 2,464.00 313.00
2016-03-31 21,296.00 2,438.00 313.00
2015-12-31 21,975.00 2,640.00 313.00
2015-09-30 23,306.00 2,402.00 355.00
2015-06-30 23,226.00 2,354.00 355.00
2015-03-31 23,296.00 2,474.00 355.00
2014-12-31 22,011.00 2,529.00 350.00
2014-09-30 23,429.00 3,032.00 321.00
2014-06-30 23,184.00 3,087.00 321.00
2014-03-31 22,501.00 2,680.00 321.00
2013-12-31 22,154.00 2,565.00 321.00
2013-09-30 22,229.00 2,285.00 232.00
2013-06-30 22,724.00 1,933.00 232.00
2013-03-31 21,354.00 2,065.00 232.00
2012-12-31 17,446.00 1,588.00 232.00
2012-09-30 16,907.00 1,613.00 104.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Duke Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Duke Energy used its assets less efficiently than the US Electric Utilities industry average last year based on Return on Assets.
  • Duke Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Duke Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Duke Energy has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Duke Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Duke Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Duke Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Duke Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Duke Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Duke Energy Company Filings, last reported 3 months ago.

NYSE:DUK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 45,045.00 58,122.00 379.00
2018-12-31 43,834.00 57,939.00 442.00
2018-09-30 43,013.00 56,853.00 303.00
2018-06-30 42,515.00 56,044.00 306.00
2018-03-31 41,798.00 55,950.00 422.00
2017-12-31 41,737.00 54,442.00 359.00
2017-09-30 41,642.00 53,313.00 282.00
2017-06-30 41,294.00 53,003.00 298.00
2017-03-31 41,186.00 52,556.00 878.00
2016-12-31 41,041.00 50,382.00 392.00
2016-09-30 40,546.00 50,176.00 6,179.00
2016-06-30 39,948.00 44,585.00 676.00
2016-03-31 39,941.00 43,793.00 778.00
2015-12-31 39,771.00 42,501.00 383.00
2015-09-30 39,868.00 42,622.00 1,370.00
2015-06-30 39,617.00 41,389.00 966.00
2015-03-31 41,087.00 43,827.00 2,826.00
2014-12-31 40,899.00 42,382.00 2,038.00
2014-09-30 41,453.00 41,645.00 1,931.00
2014-06-30 40,881.00 42,460.00 2,008.00
2014-03-31 40,789.00 41,622.00 1,537.00
2013-12-31 41,408.00 41,122.00 1,545.00
2013-09-30 41,237.00 41,312.00 2,284.00
2013-06-30 40,201.00 41,408.00 1,851.00
2013-03-31 41,030.00 41,348.00 1,586.00
2012-12-31 41,034.00 40,718.00 1,759.00
2012-09-30 41,088.00 39,694.00 2,101.00
  • Duke Energy's level of debt (131.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (102.1% vs 131.4% today).
  • Debt is not well covered by operating cash flow (11.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Duke Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Duke Energy has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Duke Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.27%
Current annual income from Duke Energy dividends. Estimated to be 4.46% next year.
If you bought $2,000 of Duke Energy shares you are expected to receive $85 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Duke Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Duke Energy's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
Upcoming dividend payment

Purchase Duke Energy before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:DUK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 3.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:DUK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 4.32 1.00
2022-12-31 4.11 3.00
2021-12-31 4.09 11.00
2020-12-31 3.92 14.00
2019-12-31 3.77 12.00
NYSE:DUK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-08 3.780 4.235
2019-05-02 3.710 4.226
2019-01-04 3.710 4.184
2018-10-26 3.710 4.286
2018-07-06 3.710 4.580
2018-05-03 3.560 4.658
2018-01-05 3.560 4.601
2017-10-26 3.560 4.078
2017-07-07 3.560 4.146
2017-05-04 3.420 4.036
2017-01-04 3.420 4.261
2016-10-27 3.420 4.489
2016-07-11 3.420 4.209
2016-05-05 3.300 4.070
2016-01-04 3.300 4.311
2015-10-29 3.300 4.774
2015-07-07 3.300 4.555
2015-05-07 3.180 4.300
2015-01-02 3.180 3.980
2014-10-29 3.180 3.884
2014-07-01 3.180 4.290
2014-05-01 3.120 4.350
2014-01-03 3.120 4.430
2013-10-22 3.120 4.429
2013-06-25 3.120 4.580
2013-05-02 3.060 4.427
2013-01-04 3.060 4.375
2012-10-31 3.060 4.835
2012-06-26 3.060 4.644
2012-05-03 3.000 4.501
2012-01-06 3.000 4.736
2011-10-25 3.000 4.810
2011-06-21 3.000 5.258
2011-05-05 2.940 5.226
2011-01-06 2.940 5.417
2010-10-26 2.940 5.507
2010-06-22 2.940 5.683
2010-05-06 2.880 5.892
2010-01-06 2.880 5.821
2009-10-20 2.880 5.761
2009-06-23 2.880 6.273
2009-05-07 2.760 6.530
2009-01-06 2.760 6.503
2008-10-28 2.760 6.035

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Duke Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Duke Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Duke Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Duke Energy has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Duke Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lynn Good
COMPENSATION $13,982,960
AGE 59
TENURE AS CEO 6 years
CEO Bio

Ms. Lynn J. Good has been the Chairman of the Board of Edison Electric Institute since June 2018. Ms. Good serves as the President at Duke Energy Carolinas, LLC since July 1, 2013. Ms. Good has been the Chief Executive Officer of Duke Energy Carolinas, LLC and Duke Energy Progress, LLC since July 1, 2013. Ms. Good serves as the Chief Executive Officer of Piedmont Natural Gas Co. Inc. She has been the Chief Executive Officer of Duke Energy Indiana, LLC since July 2013. She has been the Chief Executive Officer and President of Progress Energy Inc. since July 2013 and also serves its Chairman. She has been the Chief Executive Officer and President of Duke Energy Florida, LLC and Duke Energy Corporation since July 1, 2013. She has been the Chief Executive Officer of Duke Energy Ohio, Inc. since July 2013 and served as its President since July 2013. She has been the Chairman of Duke Energy Corporation since January 1, 2016 and Duke Energy Carolinas, LLC since February 26, 2016. She has been Chairman of Duke Energy Ohio since January 1, 2016. She served as an Executive Vice President and Chief Financial Officer of Duke Energy Florida, LLC since 2009. In 2016, Ms. Good became a LinkedIn Influencer - the only regulated utility Chief Executive Officer in the thought leadership program. She served as the Chief Financial Officer and Executive Vice President of Duke Energy Progress, LLC. She was responsible for the Midwest non-regulated generation, Duke Energy International, Duke Energy Generation Services, the telecommunications businesses and all corporate development and merger and acquisition activities. She served as the Chief Financial Officer and Executive Vice President at Duke Energy Indiana, LLC since August 24, 2005. She served as the President of Commercial Businesses at Duke Energy Corporation from November 15, 2007 to July 2009. She served as the Chief Financial Officer at Duke Energy Corporation from July 2009 to July 2013 and served as its Group Executive from November 15, 2007 to July 2013. Ms. Good served as the Chief Financial Officer and Group Executive of Duke Energy Carolinas, LLC since July 2009. She led the financial function, which includes the controller's office, treasury, tax, risk management and insurance, as well as corporate strategy and development. In addition, she was responsible for the information technology and supply chain functions. She served as Group Executive and President of Duke Energy's Commercial Businesses organization, since November 2007. She served as Senior Vice President of Duke Energy Corporation from December 2006 to November 15, 2007, Executive Vice President since 2009 and its Treasurer from April 2006 to November 2007. She served as the Chief Financial Officer and Executive Vice President at Progress Energy Inc. She served as the Chief Financial Officer and Executive Vice President of Duke Energy Ohio, Inc. since August 2005 and also served its Vice President and Controller from November 2003 to August 2005. She led the treasury functions for the Duke Energy, as well as insurance, market and credit risk management and corporate financial planning and analysis. She served as Vice President of Duke Energy Corporation since April 2006, upon the merger of Duke Energy and Cinergy. Until the merger of Duke Energy and Cinergy, she served as the Chief Financial Officer and Executive Vice President of The Cincinnati Gas & Electric Company (CG&E), holding company of Union Light Heat & Power Co., since August 2005. Ms. Good served as Vice President and Controller of The Cincinnati Gas & Electric Company (CG&E), holding company of Union Light Heat & Power Co., from November 2003 to August 2005. She was responsible for Cinergy's financial and accounting operations. She served as the Chief Financial Officer and Executive Vice President of Cinergy Corp. since August 24, 2005 and Vice President of Financial Policy and Strategy since May 13, 2003. She served as Vice President and Controller at Cinergy Corp. since November 15, 2003. She served as the Chief Financial Officer and Executive Vice President and Controller of PSI Energy Inc. (PSI) since November 15, 2003 and also served as its Vice President of Financial Project Strategy from May 2003 to November 2003. Prior to Cinergy, She served as a Partner with the International Accounting Firm Deloitte & Touche LLP in Cincinnati, Ohio since May 2002. Prior to that, Ms. Good was a Partner of International Accounting Firm, Arthur Andersen LLP from 1992 to May 2002. She has been Chairman of Duke Energy Florida, LLC since January 1, 2016. She served as Vice Chairman of Duke Energy Carolinas, LLC since July 2013 until February 26, 2016. She serves on the Boards of Directors of the Edison Electric Institute and the Institute of Nuclear Power Operations and the Bechtler Museum of Modern Art in Charlotte. She serves as a Director of Duke Energy Ohio, Inc. She serves as a Member of Advisory Board at Feigen Advisors LLC. She serves as a Director of Piedmont Natural Gas Co. Inc. She has been an Independent Director of The Boeing Company since August 11, 2015; Progress Energy Inc. since July 2012; Duke Energy Progress, Inc. since July 2012 and Duke Energy Carolinas, LLC since 2013. She served as a Director of Hubbell Inc., from June 2009 to May 5, 2015. In 2014 and 2015, Fortune magazine listed her as 13th among the "Most Powerful Women in Business." and in 2013, she was named as one of the 10 most influential people in the energy sector by SNL Energy. Ms. Good holds a Bachelor of Science in Systems Analysis and in Accounting from Miami University, Oxford, Ohio in 1981. Ms. Good was elected as chairman of the board, effective January 1, 2016 and assumed her position as president and chief executive officer in July 2013. Prior to that, she served as executive vice president and chief financial officer since 2009.

CEO Compensation
  • Lynn's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Lynn's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Duke Energy management team in years:

4.5
Average Tenure
55
Average Age
  • The tenure for the Duke Energy management team is about average.
Management Team

Lynn Good

TITLE
Chairman
COMPENSATION
$14M
AGE
59
TENURE
6 yrs

Steve Young

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
61
TENURE
5.9 yrs

Dhiaa Jamil

TITLE
Executive VP & COO
COMPENSATION
$4M
AGE
63
TENURE
3.2 yrs

Julie Janson

TITLE
Executive VP of External Affairs
COMPENSATION
$3M
AGE
55
TENURE
6.6 yrs

Lloyd Yates

TITLE
Executive VP of Customer & Delivery Operations and President of Carolinas Region
COMPENSATION
$3M
AGE
58
TENURE
6.6 yrs

Dwight Jacobs

TITLE
Senior VP
AGE
54
TENURE
1.1 yrs

Brian Savoy

TITLE
Senior Vice President of Business Transformation & Technology
AGE
44

Bonnie Titone

TITLE
Chief Information Officer
TENURE
0.1 yrs

Melissa Anderson

TITLE
Executive VP of Administration & Chief Human Resources Officer
AGE
54
TENURE
3.2 yrs

Michael Callahan

TITLE
Vice President of Investor Relations
AGE
43
Board of Directors Tenure

Average tenure and age of the Duke Energy board of directors in years:

4.5
Average Tenure
67
Average Age
  • The tenure for the Duke Energy board of directors is about average.
Board of Directors

Lynn Good

TITLE
Chairman
COMPENSATION
$14M
AGE
59
TENURE
3.5 yrs

Michael Browning

TITLE
Lead Independent Director
COMPENSATION
$346K
AGE
72
TENURE
3.5 yrs

E. McKee

TITLE
Independent Director
COMPENSATION
$311K
AGE
68
TENURE
7 yrs

Bill Kennard

TITLE
Independent Director
COMPENSATION
$291K
AGE
62
TENURE
5.5 yrs

Ted Craver

TITLE
Independent Director
COMPENSATION
$316K
AGE
67
TENURE
2.3 yrs

Dan DiMicco

TITLE
Independent Director
COMPENSATION
$291K
AGE
68
TENURE
11.8 yrs

Carlos Saladrigas

TITLE
Independent Director
COMPENSATION
$291K
AGE
70
TENURE
7 yrs

John Herron

TITLE
Independent Director
COMPENSATION
$321K
AGE
66
TENURE
6.3 yrs

Wick Moorman

TITLE
Independent Director
COMPENSATION
$293K
AGE
67
TENURE
3.3 yrs

Bill Webster

TITLE
Director
COMPENSATION
$301K
AGE
65
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • Duke Energy individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. May 19 Sell Lloyd Yates Individual 23. May 19 23. May 19 -5,117 $88.21 $-451,316
21. May 19 Sell E. McKee Individual 20. May 19 20. May 19 -1,781 $87.37 $-155,608
17. May 19 Sell Dwight Jacobs Individual 16. May 19 16. May 19 -1,700 $85.92 $-146,064
04. Mar 19 Sell Lynn Good Individual 28. Feb 19 28. Feb 19 -15,000 $89.95 $-1,348,866
28. Feb 19 Sell Dhiaa Jamil Individual 26. Feb 19 26. Feb 19 -750 $89.75 $-67,313
28. Feb 19 Sell Julia Janson Individual 26. Feb 19 26. Feb 19 -8,391 $8,875.00 $-74,470,125
28. Feb 19 Sell Julia Janson Individual 26. Feb 19 26. Feb 19 -3,328 $88.79 $-295,418
28. Feb 19 Sell Lloyd Yates Individual 26. Feb 19 26. Feb 19 -3,500 $88.51 $-309,778
21. Feb 19 Sell Melissa Anderson Individual 19. Feb 19 19. Feb 19 -2,000 $87.50 $-174,983
16. Aug 18 Sell Dhiaa Jamil Individual 15. Aug 18 15. Aug 18 -4,279 $81.54 $-348,927
15. Aug 18 Sell Hope Family Investments, LLC Company 10. Aug 18 10. Aug 18 -4,950 $80.98 $-400,851
15. Feb 19 Sell Dhiaa Jamil Individual 10. Aug 18 10. Aug 18 -2,050 $80.98 $-166,009
07. Aug 18 Sell Melissa Anderson Individual 06. Aug 18 06. Aug 18 -500 $81.76 $-40,880
X
Management checks
We assess Duke Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Duke Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Would Duke Energy Corporation (NYSE:DUK) Be Valuable To Income Investors?

Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. Duke Energy has grown its earnings per share at 2.4% per annum over the past five years. There are exceptions, but limited earnings growth and a high payout ratio can signal that a company is struggling to grow. When a company prefers to pay out cash to its shareholders instead of reinvesting it, this can often say a lot about that company's dividend prospects. We'd also point out that Duke Energy issued a meaningful number of new shares in the past year. Regularly issuing new shares can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Earnings growth has been limited, but we like that the dividend payments have been fairly consistent. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

Don’t Buy Duke Energy Corporation (NYSE:DUK) Until You Understand Its ROCE

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Duke Energy: 0.038 = US$5.3b ÷ (US$151b - US$12b) (Based on the trailing twelve months to March 2019.) So, Duke Energy has an ROCE of 3.8%. … Duke Energy's Current Liabilities And Their Impact On Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … With barely any current liabilities, there is minimal impact on Duke Energy's admittedly low ROCE.

Simply Wall St -

What does Duke Energy Corporation's (NYSE:DUK) Balance Sheet Tell Us About Its Future?

On top of this, DUK has produced cash from operations of US$7.0b during the same period of time, resulting in an operating cash to total debt ratio of 12%, indicating that DUK’s current level of operating cash is not high enough to cover debt. … Duke Energy is a highly levered company given that total debt exceeds equity. … Next Steps: DUK’s high debt levels is not met with high cash flow coverage.

Simply Wall St -

Here's What Duke Energy Corporation's (NYSE:DUK) P/E Ratio Is Telling Us

We'll look at Duke Energy Corporation's (NYSE:DUK) P/E ratio and reflect on what it tells us about the company's share price. … See our latest analysis for Duke Energy How Do I Calculate Duke Energy's Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Duke Energy: P/E of 21.33 = $87.2 ÷ $4.09 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

Duke Energy Corporation (NYSE:DUK) Should Be In Your Dividend Portfolio, Here's Why

Duke Energy Corporation (NYSE:DUK) is a true Dividend Rock Star. … See our latest analysis for Duke Energy What Is A Dividend Rock Star? … More specifically: Its annual yield is among the top 25% of dividend payers It has paid dividend every year without dramatically reducing payout in the past Its has increased its dividend per share amount over the past It is able to pay the current rate of dividends from its earnings It has the ability to keep paying its dividends going forward High Yield And Dependable Duke Energy's dividend yield stands at 4.2%, which is high for Electric Utilities stocks.

Simply Wall St -

Duke Energy Corporation (NYSE:DUK): Is Growth Priced In?

Duke Energy Corporation (NYSE:DUK) is considered a high growth stock. … However its last closing price of $89.81 left investors wondering whether this growth has already been factored into the share price. … View our latest analysis for Duke Energy?

Simply Wall St -

Estimating The Fair Value Of Duke Energy Corporation (NYSE:DUK)

I will use the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows

Simply Wall St -

Is Duke Energy Corporation (NYSE:DUK) Overpaying Its CEO?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Lynn Good's Compensation Compare With Similar Sized Companies. … According to our data, Duke Energy Corporation has a market capitalization of US$65b, and pays its CEO total annual compensation worth US$14m.

Simply Wall St -

Duke Energy Corporation's (NYSE:DUK) Earnings Dropped -14%, How Did It Fare Against The Industry?

In this commentary, I will examine Duke Energy Corporation's (NYSE:DUK) latest earnings update (31 December 2018) and compare these figures against its performance over the past couple of years, as well as how the rest of the electric utilities industry performed. … DUK's trailing twelve-month earnings (from 31 December 2018) of US$2.6b has? … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 1.3%, indicating the rate at which DUK is growing has slowed down

Simply Wall St -

How Much Of Duke Energy Corporation (NYSE:DUK) Do Institutions Own?

Generally speaking, as a company grows, institutions will increase their ownership. … Our analysis of the ownership of the company, below, shows that. … See our latest analysis for Duke Energy

Simply Wall St -

Company Info

Description

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity. It also engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities. This segment serves approximately 7.7 million retail electric customers in 6 states in the Southeast and Midwest regions of the United States covering a service territory of approximately 95,000 square miles; and owns approximately 50,880 megawatts (MW) of generation capacity. The Gas Utilities and Infrastructure segment distributes natural gas to residential, commercial, industrial, and power generation natural gas customers; and owns, operates, and invests in various pipeline transmission and natural gas storage facilities. It has approximately 1.6 million customers, including 1.1 million customers located in North Carolina, South Carolina, and Tennessee, as well as 531,000 customers located in southwestern Ohio and northern Kentucky. The Commercial Renewables segment acquires, owns, builds, develops, and operates wind and solar renewable generation projects, including nonregulated renewable energy and energy storage services to utilities, electric cooperatives, municipalities, and commercial and industrial customers. This segment has 21 wind and 100 solar facilities and 1 battery storage facility with a capacity of 2,991 MW across 19 states. The company was formerly known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2005. Duke Energy Corporation was incorporated in 2005 and is headquartered in Charlotte, North Carolina.

Details
Name: Duke Energy Corporation
DUK
Exchange: NYSE
Founded: 2005
$64,395,752,727
728,046,950
Website: http://www.duke-energy.com
Address: Duke Energy Corporation
550 South Tryon Street,
Charlotte,
North Carolina, 28202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DUK Common Stock New York Stock Exchange US USD 02. Jan 1968
DB D2MN Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0ID1 Common Stock London Stock Exchange GB USD 02. Jan 1968
WBAG DUKE Common Stock Wiener Boerse AG AT EUR 02. Jan 1968
BOVESPA DUKB34 BDR EACH REPR 1 COM USD0.001 Bolsa de Valores de Sao Paulo BR BRL 03. Oct 2016
NYSE DUK.PRA DP REP PFD A New York Stock Exchange US USD 26. Mar 2019
Number of employees
Current staff
Staff numbers
30,083
Duke Energy employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 00:07
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.