Duke Energy Corporation (NYSE: DUK), is a major utility company headquartered in Charlotte, North Carolina. It operates regulated electric utilities serving approximately 7.8 million retail customers across six states in the Southeast and Midwest regions of the United States. Duke Energy is a component of the S&P 500 stock market index.
Key Takeaways:
- Duke Energy’s stock price is expected to experience substantial growth in the coming decades, driven by the company’s commitment to sustainable energy solutions and strategic investments.
- The forecast highlights the potential low, average, and high prices for each year, enabling investors to make informed decisions based on their risk appetite.
- The analysis incorporates industry trends, regulatory changes, and technological advancements to ensure a well-rounded perspective on Duke Energy’s future performance.
Overview of Duke Energy Corporation
Duke Energy Corporation is a highly renowned energy company headquartered in Charlotte, North Carolina, founded in the year 1904. With a rich history dating back to the early 20th century, the company has evolved into a Fortune 150 entity. Duke Energy’s diverse portfolio includes electric utilities, natural gas distribution companies, and renewable energy ventures, positioning the company as a leader in the energy sector.
Duke Energy Corporation Company Profile
| Country | United States |
| Ticker Symbol | DUK |
| Exchange | NYSE |
| Founded | 1904 |
| IPO Date | 1983 |
| Industry | Utilities – Regulated Electric |
| Sector | Utilities |
| Employees | 27,037 |
| CEO | Lynn Good |
| Market Cap (2024) | $74.214 billion |
| Website | duke-energy |
Duke Energy Corporation (DUK) Balance Sheet Analysis
Duke Energy Corporation (NYSE: DUK), a leading utility company, reported a solid balance sheet for the fiscal year 2023. As of December 31, 2023, the company’s total assets stood at $176.89 billion, while its total liabilities, net of minority interest, amounted to $126.71 billion. Duke Energy’s total equity, including gross minority interest, was $50.19 billion.
The company’s total capitalization increased to $121.56 billion, with preferred stock equity at $1.96 billion and common stock equity at $47.15 billion. Duke Energy’s net tangible assets stood at $29.81 billion, and its working capital deficit narrowed to $4.51 billion.
Duke Energy’s invested capital grew to $126.69 billion, while its tangible book value decreased slightly to $27.85 billion. The company’s total debt increased to $80.46 billion, and its net debt rose to $79.29 billion. The number of ordinary shares issued remained stable at 770.71 million, and the number of preferred shares outstanding was 40 million.
Overall, Duke Energy’s balance sheet reflects a strong financial position, with a well-capitalized structure and a manageable debt load, positioning the company for continued growth and operational excellence in the utility sector.
Balance Sheet Data Source: finance.yahoo
Duke Energy Corporation Stock Price History
Duke Energy Corporation (NYSE: DUK) had its IPO in the year 1983. Duke Energy (DUK) underwent 4 stock splits, in 2012 (1:3), 2007 (1000:5811), 2001 (2:1), and 1990 (2:1). The cumulative effect is that one pre-1990 share equals 2.2944989387942 shares today. Investors holding DUK since before October 1990 have seen their stake increase over 2.2 times due to these corporate actions spanning 1990, 2001, 2007, and 2012.1
As of June 14, 2024, Duke Energy’s stock price stands at $102.36.
DUK Stock Price Forecast 2024
For the remainder of 2024, we anticipate Duke Energy’s stock price to maintain a bullish trajectory, supported by the company’s ongoing investments in renewable energy projects and grid modernization efforts. The table below presents our forecast for 2024:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $78.00 | $106.50 | $112.00 |
Our forecast suggests a potential growth of approximately 4.1% in the average stock price by the end of 2024, reflecting investor confidence in Duke Energy’s strategic direction and commitment to sustainability.
DUK Stock Price Forecast 2025
In 2025, we expect Duke Energy’s stock price to continue its upward momentum, driven by the company’s ongoing efforts to diversify its energy portfolio and embrace clean energy solutions. The table below presents our forecast for 2025:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $105.00 | $115.00 | $122.00 |
Our forecast indicates a potential growth of approximately 8.0% in the average stock price by the end of 2025, as Duke Energy capitalizes on favorable market conditions and regulatory support for clean energy initiatives.
DUK Stock Price Forecast 2026
As we move into 2026, we anticipate Duke Energy’s stock price to continue its upward trajectory, fueled by the company’s strategic investments in cutting-edge technologies and its commitment to operational excellence. The table below presents our forecast for 2026:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $112.00 | $124.00 | $132.00 |
Our forecast suggests a potential growth of approximately 7.8% in the average stock price by the end of 2026, reflecting Duke Energy’s ability to capitalize on emerging market opportunities and maintain its position as a leader in the energy industry.
DUK Stock Price Forecast 2027
In 2027, we expect Duke Energy’s stock price to maintain its positive momentum, driven by the company’s robust financial performance and strategic acquisitions to expand its market reach. The table below presents our forecast for 2027:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $120.00 | $134.00 | $144.00 |
Our forecast indicates a potential growth of approximately 8.1% in the average stock price by the end of 2027, as Duke Energy solidifies its position as a market leader and continues to deliver value to its shareholders.
DUK Stock Price Forecast 2028
As we approach 2028, we anticipate Duke Energy’s stock price to experience sustained growth, driven by the company’s commitment to innovation and its ability to adapt to rapidly evolving market dynamics. The table below presents our forecast for 2028:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $128.00 | $145.00 | $157.00 |
Our forecast suggests a potential growth of approximately 8.2% in the average stock price by the end of 2028, reflecting Duke Energy’s strategic investments in emerging technologies and its focus on operational efficiency.
DUK Stock Price Forecast 2029
In 2029, we expect Duke Energy’s stock price to continue its upward trajectory, propelled by the company’s successful execution of its long-term growth strategy and its commitment to sustainable energy solutions. The table below presents our forecast for 2029:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $137.00 | $157.00 | $171.00 |
Our forecast indicates a potential growth of approximately 8.3% in the average stock price by the end of 2029, as Duke Energy capitalizes on favorable market conditions and regulatory support for renewable energy initiatives.
DUK Stock Price Forecast 2030
As we enter the next decade, we anticipate Duke Energy’s stock price to maintain its bullish momentum, fueled by the company’s strategic investments in emerging technologies and its commitment to operational excellence. The table below presents our forecast for 2030:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $147.00 | $170.00 | $186.00 |
Our forecast suggests a potential growth of approximately 8.3% in the average stock price by the end of 2030, reflecting Duke Energy’s ability to capitalize on market opportunities and maintain its position as a leader in the energy industry.
Related: The Southern Company (SO) Stock Forecast & Price Prediction
DUK Stock Price Forecast 2031
In 2031, we expect Duke Energy’s stock price to continue its positive trajectory, driven by the company’s robust financial performance and strategic acquisitions to expand its market reach. The table below presents our forecast for 2031:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $158.00 | $184.00 | $202.00 |
Our forecast indicates a potential growth of approximately 8.2% in the average stock price by the end of 2031, as Duke Energy solidifies its position as a market leader and continues to deliver value to its shareholders.
DUK Stock Price Forecast 2032
As we approach 2032, we anticipate Duke Energy’s stock price to experience sustained growth, driven by the company’s commitment to innovation and its ability to adapt to rapidly evolving market dynamics. The table below presents our forecast for 2032:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $170.00 | $199.00 | $219.00 |
Our forecast suggests a potential growth of approximately 8.2% in the average stock price by the end of 2032, reflecting Duke Energy’s strategic investments in emerging technologies and its focus on operational efficiency.
DUK Stock Price Forecast 2033
In 2033, we expect Duke Energy’s stock price to continue its upward trajectory, propelled by the company’s successful execution of its long-term growth strategy and its commitment to sustainable energy solutions. The table below presents our forecast for 2033:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $183.00 | $215.00 | $237.00 |
Our forecast indicates a potential growth of approximately 8.0% in the average stock price by the end of 2033, as Duke Energy capitalizes on favorable market conditions and regulatory support for renewable energy initiatives.
DUK Stock Price Forecast 2034
As we move into 2034, we anticipate Duke Energy’s stock price to maintain its bullish momentum, fueled by the company’s strategic investments in cutting-edge technologies and its commitment to operational excellence. The table below presents our forecast for 2034:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $197.00 | $232.00 | $256.00 |
Our forecast suggests a potential growth of approximately 7.9% in the average stock price by the end of 2034, reflecting Duke Energy’s ability to capitalize on emerging market opportunities and maintain its position as a leader in the energy industry.
DUK Stock Price Forecast 2035
In 2035, we expect Duke Energy’s stock price to continue its positive trajectory, driven by the company’s robust financial performance and strategic acquisitions to expand its market reach. The table below presents our forecast for 2035:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $212.00 | $250.00 | $276.00 |
Our forecast indicates a potential growth of approximately 7.8% in the average stock price by the end of 2035, as Duke Energy solidifies its position as a market leader and continues to deliver value to its shareholders.
DUK Stock Price Forecast 2036
As we approach 2036, we anticipate Duke Energy’s stock price to experience sustained growth, driven by the company’s commitment to innovation and its ability to adapt to rapidly evolving market dynamics. The table below presents our forecast for 2036:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $228.00 | $269.00 | $297.00 |
Our forecast suggests a potential growth of approximately 7.6% in the average stock price by the end of 2036, reflecting Duke Energy’s strategic investments in emerging technologies and its focus on operational efficiency.
DUK Stock Price Forecast 2037
In 2037, we expect Duke Energy’s stock price to continue its upward trajectory, propelled by the company’s successful execution of its long-term growth strategy and its commitment to sustainable energy solutions. The table below presents our forecast for 2037:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $245.00 | $289.00 | $319.00 |
Our forecast indicates a potential growth of approximately 7.4% in the average stock price by the end of 2037, as Duke Energy capitalizes on favorable market conditions and regulatory support for renewable energy initiatives.
DUK Stock Price Forecast 2038
As we move into 2038, we anticipate Duke Energy’s stock price to maintain its bullish momentum, fueled by the company’s strategic investments in cutting-edge technologies and its commitment to operational excellence. The table below presents our forecast for 2038:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $263.00 | $310.00 | $342.00 |
Our forecast suggests a potential growth of approximately 7.3% in the average stock price by the end of 2038, reflecting Duke Energy’s ability to capitalize on emerging market opportunities and maintain its position as a leader in the energy industry.
DUK Stock Price Forecast 2039
In 2039, we expect Duke Energy’s stock price to continue its positive trajectory, driven by the company’s robust financial performance and strategic acquisitions to expand its market reach. The table below presents our forecast for 2039:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $282.00 | $332.00 | $367.00 |
Our forecast indicates a potential growth of approximately 7.1% in the average stock price by the end of 2039, as Duke Energy solidifies its position as a market leader and continues to deliver value to its shareholders.
DUK Stock Price Forecast 2040
As we approach 2040, we anticipate Duke Energy’s stock price to experience sustained growth, driven by the company’s commitment to innovation and its ability to adapt to rapidly evolving market dynamics. The table below presents our forecast for 2040:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $302.00 | $355.00 | $393.00 |
Our forecast suggests a potential growth of approximately 6.9% in the average stock price by the end of 2040, reflecting Duke Energy’s strategic investments in emerging technologies and its focus on operational efficiency.
DUK Stock Price Forecast 2050
Looking ahead to 2050, we expect Duke Energy’s stock price to experience remarkable growth, driven by the company’s visionary approach and its ability to navigate the rapidly evolving energy landscape. The table below presents our forecast for 2050:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $1,800.00 | $2,600.00 | $3,200.00 |
Our forecast indicates a potential compound annual growth rate (CAGR) of approximately 11.7% between 2024 and 2050, as Duke Energy capitalizes on favorable market conditions, technological advancements, and its commitment to sustainable energy solutions.
Conclusion
Duke Energy’s stock price forecast paints a compelling picture of sustained growth and remarkable potential over the next three decades. The company’s strategic investments, commitment to innovation, and focus on sustainable energy solutions position it as a leader in the energy industry.
As the world transitions towards a greener future, Duke Energy’s ability to adapt and capitalize on emerging opportunities is expected to drive significant value for its shareholders. With a projected compound annual growth rate of 11.7% between 2024 and 2050, Duke Energy’s stock presents an attractive investment opportunity for those seeking long-term growth and diversification.
FAQs
1. What is the future of DUK share price?
According to our analysis and forecast, the future of Duke Energy Corporation’s (DUK) share price looks promising. Our projections indicate that the company’s stock price is expected to experience sustained growth over the next two decades, driven by several key factors, including:
- Strategic investments in renewable energy projects and grid modernization efforts.
- Embrace of cutting-edge technologies and a commitment to operational excellence.
- Ability to adapt to rapidly evolving market dynamics and capitalize on emerging opportunities.
- Focus on sustainable energy solutions, aligning with the global shift towards a greener future.
Our forecast suggests that Duke Energy’s stock price could reach an average of $355.00 by 2040 and an impressive $2,600.00 by 2050, reflecting a compound annual growth rate (CAGR) of approximately 11.7% between 2024 and 2050.
2. What is the DUK share prediction for 2030?
According to our forecast, Duke Energy’s stock price is expected to reach the following levels by 2030:
- Low Price: $147.00
- Average Price: $170.00
- High Price: $186.00
Our analysis suggests a potential growth of approximately 8.3% in the average stock price by the end of 2030, reflecting Duke Energy’s ability to capitalize on market opportunities and maintain its position as a leader in the energy industry.
3. What is the DUK 10-year outlook?
Over the next 10 years, from 2024 to 2034, our forecast projects a positive outlook for Duke Energy’s stock price. By 2034, we anticipate the stock to reach the following levels:
- Low Price: $197.00
- Average Price: $232.00
- High Price: $256.00
This represents a potential growth of approximately 7.9% in the average stock price by the end of 2034, reflecting Duke Energy’s strategic investments, operational excellence, and commitment to sustainable energy solutions.
4. Is DUK a buy, hold, or sell?
Based on our comprehensive analysis and forecast, Duke Energy Corporation’s stock can be considered a “Buy” for long-term investors seeking sustained growth and diversification in their portfolios. The company’s strong fundamentals, strategic initiatives, and favorable market conditions position it as an attractive investment opportunity.
5. Who are the major competitors of DUK?
Duke Energy Corporation operates in the highly competitive energy sector and faces competition from several major players. Some of the company’s key competitors include:
- NextEra Energy, Inc. (NEE)
- Dominion Energy, Inc. (D)
- Southern Company (SO)
- Exelon Corporation (EXC)
- American Electric Power Company, Inc. (AEP)
- Xcel Energy Inc. (XEL)
- Sempra Energy (SRE)
- Consolidated Edison, Inc. (ED)
- Public Service Enterprise Group Incorporated (PEG)
- FirstEnergy Corp. (FE)
These companies operate in various segments of the energy industry, including electric utilities, natural gas distribution, and renewable energy generation, among others. Duke Energy’s ability to maintain its competitive edge and adapt to changing market dynamics will play a crucial role in its long-term success and stock performance.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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