Duke Energy (NYSE:DUK) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.55-4.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.78.
A number of equities research analysts have recently issued reports on the company. SunTrust Banks set a $79.00 price objective on Duke Energy and gave the stock a hold rating in a research note on Monday, February 12th. Zacks Investment Research upgraded Duke Energy from a sell rating to a hold rating in a research note on Tuesday, February 13th. Morgan Stanley dropped their price target on Duke Energy from $90.00 to $85.00 and set an equal weight rating on the stock in a research note on Tuesday, February 13th. UBS Group initiated coverage on Duke Energy in a research note on Friday, February 2nd. They issued a buy rating and a $91.00 price target on the stock. Finally, Wolfe Research upgraded Duke Energy from an underperform rating to a market perform rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $87.18.
Shares of Duke Energy (NYSE:DUK) traded down $0.94 during midday trading on Tuesday, reaching $75.76. The company’s stock had a trading volume of 453,252 shares, compared to its average volume of 4,116,606. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy has a 52-week low of $72.93 and a 52-week high of $91.80. The firm has a market cap of $53,688.13, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 3.99 and a beta of 0.12.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the firm posted $0.81 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts expect that Duke Energy will post 4.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s dividend payout ratio is 117.49%.
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Duke Energy Company Profile
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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