Duke Energy Corp. (DUK) Expected to Post Q1 2017 Earnings of $1.14 Per Share
Duke Energy Corp. (NYSE:DUK) – Investment analysts at SunTrust Banks lowered their Q1 2017 earnings per share estimates for shares of Duke Energy Corp. in a research report issued on Tuesday. SunTrust Banks analyst A. Agha now expects that the firm will earn $1.14 per share for the quarter, down from their previous estimate of $1.18. SunTrust Banks has a “Neutral” rating and a $85.00 price target on the stock. SunTrust Banks also issued estimates for Duke Energy Corp.’s Q3 2017 earnings at $1.53 EPS, Q4 2017 earnings at $0.92 EPS, FY2017 earnings at $4.67 EPS, Q1 2018 earnings at $1.20 EPS, Q3 2018 earnings at $1.60 EPS and FY2018 earnings at $4.90 EPS.
Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. The business earned $5.10 billion during the quarter, compared to analyst estimates of $5.71 billion. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. During the same quarter last year, the business posted $0.95 earnings per share.
A number of other analysts also recently issued reports on the stock. Argus reissued a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, October 4th. Citigroup Inc. cut their price objective on shares of Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Zacks Investment Research downgraded shares of Duke Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Scotiabank reissued a “sector perform” rating and issued a $88.00 price objective (up previously from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. Finally, Howard Weil boosted their price objective on shares of Duke Energy Corp. from $78.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.23.
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Shares of Duke Energy Corp. (NYSE:DUK) traded up 1.11% during mid-day trading on Wednesday, hitting $76.75. 1,991,170 shares of the company were exchanged. The company’s 50-day moving average price is $79.78 and its 200-day moving average price is $81.13. The firm has a market capitalization of $52.88 billion, a P/E ratio of 20.29 and a beta of 0.13. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.75.
A number of institutional investors have recently made changes to their positions in the stock. Jolley Asset Management LLC boosted its position in shares of Duke Energy Corp. by 9.1% in the second quarter. Jolley Asset Management LLC now owns 1,186 shares of the company’s stock valued at $102,000 after buying an additional 99 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Duke Energy Corp. by 8.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,250 shares of the company’s stock valued at $107,000 after buying an additional 100 shares during the period. Carnick & Kubik LLC purchased a new stake in Duke Energy Corp. during the first quarter valued at $113,000. Sunbelt Securities Inc. boosted its stake in Duke Energy Corp. by 14.3% in the second quarter. Sunbelt Securities Inc. now owns 1,523 shares of the company’s stock valued at $131,000 after buying an additional 190 shares during the period. Finally, Mercer Capital Advisers Inc. boosted its stake in Duke Energy Corp. by 394.2% in the second quarter. Mercer Capital Advisers Inc. now owns 1,705 shares of the company’s stock valued at $146,000 after buying an additional 1,360 shares during the period. Hedge funds and other institutional investors own 56.56% of the company’s stock.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $84.58, for a total value of $253,740.00. Following the completion of the transaction, the executive vice president now directly owns 50,609 shares in the company, valued at approximately $4,280,509.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.
About Duke Energy Corp.
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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