Scotiabank cuts target for Duke Energy stock to USD 131.00

Published on 10/01/2026 at 10:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted earnings per share reached USD 1.43 in the second quarter of 2026. Duke Energy stock reflects revenue up 1.12 percent year over year to USD 7.59 billion.

DUK, US2635341090, Illustration mit AI erstellt.

On September 30, 2026, Scotiabank cut its Duke Energy price target from USD 146.00 to USD 131.00 while keeping a Sector Outperform rating, according to MarketBeat. The reduction puts the latest analyst view below the wider consensus target of USD 136.62.

Scotiabank lowers its target

The target cut is the clearest current signal for Duke Energy stock, but it still leaves the new target above the latest reported New York Stock Exchange reference of USD 114.21 on September 30, 2026. The target change also contrasts with a broader analyst picture that includes 10 Buy ratings and eight Hold ratings, according to MarketBeat.

Second-quarter earnings provide support

Duke Energy reported USD 7.592 billion in operating revenue for the second quarter of 2026, up from USD 7.508 billion in the second quarter of 2025. GAAP earnings per share rose to USD 1.38 from USD 1.25, while adjusted earnings per share reached USD 1.43, according to the company's filing summary at StockTitan.

Management reaffirmed adjusted earnings per share guidance of USD 6.55-6.80 for 2026 and long-term adjusted earnings per share growth of 5.00-7.00 percent through 2030. The latest quarterly figures therefore combine higher earnings with a target range that remains dependent on regulated investment recovery, financing costs and execution across Duke Energy's utility businesses.

NYSE listing and market context

Duke Energy's common stock trades on the New York Stock Exchange under ticker DUK, as confirmed in the company's September 24, 2026 SEC filing. That filing also records the appointment of Joyce Mullen to the board, effective September 28, 2026, according to the SEC.

As of September 30, 2026, Duke Energy had a market capitalization of USD 88.9 billion and a 52-week range of USD 111.22 to USD 134.49. The combination of a fresh target cut, second-quarter adjusted earnings above consensus and reaffirmed 2026 guidance gives the stock a mixed but measurable valuation backdrop.