Duke Energy Corporation (NYSE:DUK) – SunTrust Banks increased their Q3 2017 earnings per share estimates for Duke Energy Corporation in a research note issued on Friday. SunTrust Banks analyst A. Agha now expects that the utilities provider will post earnings per share of $1.73 for the quarter, up from their prior forecast of $1.70. SunTrust Banks also issued estimates for Duke Energy Corporation’s Q3 2018 earnings at $1.82 EPS, Q4 2018 earnings at $0.87 EPS, Q1 2019 earnings at $1.15 EPS and Q2 2019 earnings at $1.12 EPS.
A number of other research analysts have also recently weighed in on the company. Zacks Investment Research cut Duke Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. BMO Capital Markets reissued a “hold” rating and issued a $85.00 price target on shares of Duke Energy Corporation in a report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $82.00 to $85.00 in a report on Monday, June 26th. Barclays PLC reissued an “equal weight” rating and issued a $88.00 price target (up from $82.00) on shares of Duke Energy Corporation in a report on Sunday, April 23rd. Finally, BidaskClub cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $82.51.
Shares of Duke Energy Corporation (NYSE:DUK) opened at 86.60 on Monday. The stock’s 50 day moving average price is $84.86 and its 200 day moving average price is $82.52. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $87.75. The company has a market capitalization of $60.61 billion, a PE ratio of 27.61 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.11%. The ex-dividend date is Wednesday, August 16th. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is 101.48%.
In other news, Director Theodore F. Craver, Jr. bought 3,500 shares of the stock in a transaction on Monday, May 15th. The stock was acquired at an average cost of $83.73 per share, for a total transaction of $293,055.00. Following the acquisition, the director now owns 5,706 shares of the company’s stock, valued at $477,763.38. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John H. Forsgren sold 2,190 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $82.86, for a total value of $181,463.40. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.
Several large investors have recently modified their holdings of DUK. Hennessy Advisors Inc. boosted its stake in shares of Duke Energy Corporation by 1.5% in the first quarter. Hennessy Advisors Inc. now owns 379,737 shares of the utilities provider’s stock valued at $31,142,000 after buying an additional 5,500 shares in the last quarter. Hexavest Inc. boosted its stake in shares of Duke Energy Corporation by 4.4% in the first quarter. Hexavest Inc. now owns 780,241 shares of the utilities provider’s stock valued at $63,988,000 after buying an additional 32,947 shares in the last quarter. Pegasus Partners Ltd. boosted its stake in shares of Duke Energy Corporation by 0.5% in the first quarter. Pegasus Partners Ltd. now owns 23,034 shares of the utilities provider’s stock valued at $1,889,000 after buying an additional 110 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of Duke Energy Corporation by 7.9% in the first quarter. Brookstone Capital Management now owns 78,707 shares of the utilities provider’s stock valued at $6,455,000 after buying an additional 5,795 shares in the last quarter. Finally, Rothschild Investment Corp IL boosted its stake in shares of Duke Energy Corporation by 0.3% in the first quarter. Rothschild Investment Corp IL now owns 48,836 shares of the utilities provider’s stock valued at $4,005,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 55.60% of the company’s stock.
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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