Duke Energy Corporation (NYSE:DUK) is scheduled to release its earnings data before the market opens on Friday, November 3rd. Analysts expect Duke Energy Corporation to post earnings of $1.64 per share for the quarter. Duke Energy Corporation has set its FY17 guidance at $4.50-4.70 EPS.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 EPS. On average, analysts expect Duke Energy Corporation to post $4.58 EPS for the current fiscal year and $4.84 EPS for the next fiscal year.
Shares of Duke Energy Corporation (NYSE:DUK) opened at 87.36 on Friday. The stock’s 50 day moving average price is $86.14 and its 200 day moving average price is $85.11. The firm has a market capitalization of $61.15 billion, a price-to-earnings ratio of 25.88 and a beta of 0.24. Duke Energy Corporation has a one year low of $72.34 and a one year high of $88.55.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.08%. Duke Energy Corporation’s payout ratio is presently 105.64%.
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In related news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the sale, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.07% of the company’s stock.
A number of research firms recently issued reports on DUK. BMO Capital Markets reiterated a “hold” rating and set a $87.00 price objective (up from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Tuesday, July 11th. Morgan Stanley raised their price target on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Citigroup Inc raised their price target on Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday, October 17th. Finally, Bank of America Corporation restated a “neutral” rating and issued a $92.00 price target on shares of Duke Energy Corporation in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. Duke Energy Corporation has an average rating of “Hold” and a consensus target price of $86.25.
About Duke Energy Corporation
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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