Duke Energy partners with Brookfield to secure investment in Duke Energy Florida, expands capital plan to $87 billion

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BofA Securities on Duke Energy (DUK): 'Florida sale provides EPS/BS accretive capital recycling'

August 5, 2025 8:22 AM EDT

BofA Securities analyst Julien Dumoulin-Smith reiterated a Neutral rating and $128.00 price target on Duke Energy (NYSE: DUK).

The analyst comments "DUK announced the sale of a 19.7% state in Duke Energy Florida to Brookfield for $6bn. This price implies a valuation of 2.0x 24 rate base... More