Duke Energy Corporation (DUK) Issues FY17 Earnings Guidance
Duke Energy Corporation (NYSE:DUK) updated its FY17 earnings guidance on Friday. The company provided EPS guidance of $4.50-4.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.58.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Duke Energy Corporation from a sell rating to a hold rating in a research report on Monday. Bank of America Corporation reissued a neutral rating and issued a $92.00 target price on shares of Duke Energy Corporation in a research report on Tuesday, October 24th. Citigroup Inc. raised their target price on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the stock a sell rating in a research report on Tuesday, October 17th. SunTrust Banks, Inc. reissued a hold rating and issued a $88.00 target price on shares of Duke Energy Corporation in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co raised their target price on shares of Duke Energy Corporation from $83.00 to $89.00 and gave the stock a neutral rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Duke Energy Corporation has a consensus rating of Hold and a consensus price target of $86.25.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.64 by ($0.05). The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 EPS.
The company 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 payout ratio is 105.64%.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the sale, the executive vice president now owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is owned by corporate insiders.
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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