Duke Energy
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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Duke Energy.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Duke Energy's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Duke Energy's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Duke Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Duke Energy's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Duke Energy Company Filings, last reported 3 months ago.
| 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).
Financial health checks
We assess Duke Energy's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Duke Energy has a total score of 0/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Duke Energy
shares you are expected to receive
$85
in your first year as a dividend.
Dividend Amount
- 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.
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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
Income/ dividend checks
We assess Duke Energy's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Duke Energy management team is about average.
Management Team
Lynn Good
Chairman
$14M
59
6 yrs
Steve Young
Executive VP & CFO
$3M
61
5.9 yrs
Dhiaa Jamil
Executive VP & COO
$4M
63
3.2 yrs
Julie Janson
Executive VP of External Affairs
$3M
55
6.6 yrs
Lloyd Yates
Executive VP of Customer & Delivery Operations and President of Carolinas Region
$3M
58
6.6 yrs
Dwight Jacobs
Senior VP
54
1.1 yrs
Brian Savoy
Senior Vice President of Business Transformation & Technology
44
Bonnie Titone
Chief Information Officer
0.1 yrs
Melissa Anderson
Executive VP of Administration & Chief Human Resources Officer
54
3.2 yrs
Michael Callahan
Vice President of Investor Relations
43
Board of Directors Tenure
Average tenure and age of the Duke Energy board of directors in years:
- The tenure for the Duke Energy board of directors is about average.
Board of Directors
Lynn Good
Chairman
$14M
59
3.5 yrs
Michael Browning
Lead Independent Director
$346K
72
3.5 yrs
E. McKee
Independent Director
$311K
68
7 yrs
Bill Kennard
Independent Director
$291K
62
5.5 yrs
Ted Craver
Independent Director
$316K
67
2.3 yrs
Dan DiMicco
Independent Director
$291K
68
11.8 yrs
Carlos Saladrigas
Independent Director
$291K
70
7 yrs
John Herron
Independent Director
$321K
66
6.3 yrs
Wick Moorman
Independent Director
$293K
67
3.3 yrs
Bill Webster
Director
$301K
65
2.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Duke Energy's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleDon’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 - – Full articleWhat 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 - – Full articleHere'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 - – Full articleDuke 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 - – Full articleDuke 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 - – Full articleEstimating 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 - – Full articleIs 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 - – Full articleDuke 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 - – Full articleHow 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 - – Full articleCompany 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
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.
