Duke Energy Corp
DUK: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$319.00 | Nkyzd | Rnwkgxvmd |
Duke Energy Earnings: Capital Investment Increase Highlights Long-Term Growth Opportunities
We are maintaining our $112 per share Duke Energy fair value estimate after the company reported full-year 2023 adjusted earnings per share of $5.56 compared with $5.27 in 2022. Duke Energy remains one of the cheapest utilities in our U.S. coverage, trading at a 15% discount to our fair value estimate as of Feb. 8. We don't think the market fully appreciates Duke's constructive regulatory environments and long runway of regulated growth opportunities.