Duke Energy Corporation (NYSE:DUK) posted its quarterly earnings results on Friday. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03, Bloomberg Earnings reports. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the firm posted $1.68 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Duke Energy Corporation updated its FY17 guidance to $4.50-4.60 EPS.
Duke Energy Corporation (DUK) opened at $88.52 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.35 and a debt-to-equity ratio of 1.12. The company has a market cap of $61.99 billion, a P/E ratio of 19.51, a PEG ratio of 4.83 and a beta of 0.26.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.02%. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 105.64%.
DUK has been the topic of several analyst reports. Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Citigroup Inc increased their price objective on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. Morgan Stanley increased their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $92.00 price objective on shares of Duke Energy Corporation in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $86.25.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.
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Duke Energy Corporation 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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