KeyCorp Comments on Duke Energy Corp’s Q1 2017 Earnings (DUK)
Duke Energy Corp (NYSE:DUK) – Analysts at KeyCorp issued their Q1 2017 earnings estimates for shares of Duke Energy Corp in a research report issued on Tuesday. KeyCorp analyst P. Ridzon anticipates that the utilities provider will post earnings per share of $1.00 for the quarter.
Duke Energy Corp (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 16th. The utilities provider reported $0.81 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.81. The company had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.86 billion. Duke Energy Corp had a return on equity of 8.20% and a net margin of 12.27%. During the same quarter in the prior year, the business posted $0.87 EPS. ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/04/20/keycorp-comments-on-duke-energy-corps-q1-2017-earnings-duk.html.
Other equities analysts have also issued research reports about the stock. Royal Bank of Canada restated a “buy” rating and issued a $86.00 target price on shares of Duke Energy Corp in a report on Friday, March 17th. Deutsche Bank AG boosted their target price on shares of Duke Energy Corp from $81.00 to $83.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Vetr upgraded shares of Duke Energy Corp from a “hold” rating to a “buy” rating and set a $80.10 target price on the stock in a report on Thursday, February 16th. Zacks Investment Research lowered shares of Duke Energy Corp from a “hold” rating to a “sell” rating in a report on Monday, February 13th. Finally, Credit Suisse Group AG initiated coverage on shares of Duke Energy Corp in a report on Wednesday, January 25th. They set a “neutral” rating and a $81.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $80.31.
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Duke Energy Corp (NYSE:DUK) opened at 82.35 on Thursday. The firm has a market cap of $57.61 billion, a P/E ratio of 26.39 and a beta of 0.14. The stock has a 50 day moving average price of $82.08 and a 200-day moving average price of $78.42. Duke Energy Corp has a 1-year low of $72.34 and a 1-year high of $87.75.
Several large investors have recently bought and sold shares of the company. Kanawha Capital Management LLC raised its stake in Duke Energy Corp by 0.3% in the third quarter. Kanawha Capital Management LLC now owns 4,610 shares of the utilities provider’s stock worth $369,000 after buying an additional 13 shares in the last quarter. Berkeley Capital Partners LLC raised its stake in Duke Energy Corp by 0.4% in the third quarter. Berkeley Capital Partners LLC now owns 5,543 shares of the utilities provider’s stock worth $444,000 after buying an additional 20 shares in the last quarter. RiverPoint Capital Management LLC raised its stake in Duke Energy Corp by 0.3% in the third quarter. RiverPoint Capital Management LLC now owns 7,690 shares of the utilities provider’s stock worth $616,000 after buying an additional 22 shares in the last quarter. D Orazio & Associates Inc. raised its stake in Duke Energy Corp by 1.0% in the fourth quarter. D Orazio & Associates Inc. now owns 2,781 shares of the utilities provider’s stock worth $216,000 after buying an additional 27 shares in the last quarter. Finally, Chelsea Counsel Co. raised its stake in Duke Energy Corp by 0.6% in the third quarter. Chelsea Counsel Co. now owns 6,287 shares of the utilities provider’s stock worth $503,000 after buying an additional 36 shares in the last quarter. Institutional investors own 57.01% of the company’s stock.
In related news, Chairman Lynn J. Good sold 20,000 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $81.93, for a total value of $1,638,600.00. Following the sale, the chairman now owns 176,394 shares in the company, valued at approximately $14,451,960.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Julia S. Janson sold 10,000 shares of the company’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $81.78, for a total transaction of $817,800.00. Following the completion of the sale, the executive vice president now owns 37,175 shares in the company, valued at approximately $3,040,171.50. The disclosure for this sale can be found here. Insiders sold a total of 35,600 shares of company stock worth $2,915,710 in the last 90 days. 0.08% of the stock is currently owned by company insiders.
Duke Energy Corp 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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