Equities analysts predict that Duke Energy Corp (NYSE:DUK) will announce $5.85 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Duke Energy’s earnings. The highest sales estimate is $5.95 billion and the lowest is $5.74 billion. Duke Energy reported sales of $5.62 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.1%. The company is expected to report its next earnings results before the market opens on Tuesday, February 20th.
On average, analysts expect that Duke Energy will report full-year sales of $5.85 billion for the current financial year, with estimates ranging from $23.51 billion to $24.53 billion. For the next financial year, analysts anticipate that the company will report sales of $24.17 billion per share, with estimates ranging from $23.26 billion to $25.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Duke Energy.
Several brokerages have issued reports on DUK. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Monday, October 30th. SunTrust Banks set a $82.00 price target on shares of Duke Energy and gave the company a “hold” rating in a report on Wednesday, January 3rd. Bank of America reaffirmed a “neutral” rating and issued a $92.00 price target on shares of Duke Energy in a report on Tuesday, October 24th. Wolfe Research raised shares of Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Duke Energy currently has a consensus rating of “Hold” and an average price target of $87.91.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cypress Wealth Services LLC acquired a new position in Duke Energy during the fourth quarter worth approximately $414,000. First National Bank of Omaha increased its position in Duke Energy by 1.4% during the fourth quarter. First National Bank of Omaha now owns 53,571 shares of the utilities provider’s stock worth $4,506,000 after purchasing an additional 721 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Duke Energy by 2.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 63,956 shares of the utilities provider’s stock worth $5,379,000 after purchasing an additional 1,494 shares during the last quarter. QCI Asset Management Inc. NY increased its position in Duke Energy by 4.2% during the fourth quarter. QCI Asset Management Inc. NY now owns 126,374 shares of the utilities provider’s stock worth $10,629,000 after purchasing an additional 5,136 shares during the last quarter. Finally, Palladium Partners LLC increased its position in Duke Energy by 4.5% during the fourth quarter. Palladium Partners LLC now owns 20,196 shares of the utilities provider’s stock worth $1,698,000 after purchasing an additional 866 shares during the last quarter. 57.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Duke Energy (NYSE DUK) opened at $75.81 on Tuesday. Duke Energy has a fifty-two week low of $75.73 and a fifty-two week high of $91.80. The stock has a market cap of $53,569.13, a PE ratio of 25.02, a price-to-earnings-growth ratio of 3.97 and a beta of 0.12. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s payout ratio is 117.49%.
Duke Energy 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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