Q3 2017 EPS Estimates for Duke Energy Corporation Boosted by Analyst (NYSE:DUK)
Duke Energy Corporation (NYSE:DUK) – Stock analysts at SunTrust Banks lifted their Q3 2017 EPS estimates for Duke Energy Corporation in a research note issued to investors on Friday. SunTrust Banks analyst A. Agha now forecasts that the utilities provider will earn $1.73 per share for the quarter, up from their previous 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.
Several other analysts have also issued reports on DUK. BMO Capital Markets restated a “hold” rating and issued a $85.00 target price on shares of Duke Energy Corporation in a research note on Wednesday, May 10th. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Tuesday, July 11th. Morgan Stanley restated an “equal weight” rating and issued a $87.00 target price (down from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Deutsche Bank AG boosted their target price on Duke Energy Corporation from $81.00 to $83.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. 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 company. Duke Energy Corporation presently has an average rating of “Hold” and an average target price of $82.51.
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Shares of Duke Energy Corporation (NYSE DUK) opened at 86.48 on Monday. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. The company has a market cap of $60.53 billion, a PE ratio of 27.58 and a beta of 0.24. The company has a 50-day moving average price of $84.87 and a 200-day moving average price of $82.44.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the business earned $1.07 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of the company. Pinnacle Bank bought a new stake in shares of Duke Energy Corporation during the first quarter valued at $104,000. Winfield Associates Inc. boosted its stake in shares of Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after buying an additional 165 shares in the last quarter. Jolley Asset Management LLC boosted its stake in shares of Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock valued at $127,000 after buying an additional 322 shares in the last quarter. Finally, Daiwa SB Investments Ltd. bought a new stake in shares of Duke Energy Corporation during the second quarter valued at $130,000. Hedge funds and other institutional investors own 55.60% of the company’s stock.
In other news, Director Theodore F. Craver, Jr. acquired 3,500 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was purchased 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John H. Forsgren sold 2,190 shares of the company’s stock in a transaction dated 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. 0.07% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be issued a $0.89 dividend. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio is presently 101.48%.
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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