Are Wall Street Analysts Bullish on Duke Energy Stock?

Duke Energy Corporation (DUK), headquartered in Charlotte, North Carolina, is one of the largest energy holding companies in the U.S. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky. Valued at $78.09 billion by market cap, the company collectively owns approximately 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio, and Kentucky. DUK is also investing in electric grid upgrades and cleaner generation.

Shares of this leading energy company have underperformed the broader market considerably over the past year. DUK has gained 13.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 25.2%. But in 2024, the gap narrowed, with DUK stock rising 3.5%, while the SPX is up 10.4% on a YTD basis.