Duke Energy (NYSE:DUK) issued an update on its FY19 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $4.95-5.15 for the period, compared to the Thomson Reuters consensus estimate of $4.96.
NYSE:DUK opened at $92.58 on Friday. The company has a market capitalization of $67.87 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 3.84 and a beta of 0.07. Duke Energy has a one year low of $82.46 and a one year high of $97.37. The stock has a 50-day simple moving average of $95.31 and a 200 day simple moving average of $90.74. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.47 and a current ratio of 0.71.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.10. The business had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.65 earnings per share. On average, equities research analysts forecast that Duke Energy will post 4.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.945 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.78 dividend on an annualized basis and a yield of 4.08%. Duke Energy’s dividend payout ratio (DPR) is 80.08%.
A number of equities analysts recently commented on DUK shares. Morgan Stanley lifted their price target on Duke Energy from $95.00 to $96.00 and gave the stock an equal weight rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on Duke Energy from $91.00 to $102.00 and gave the stock a neutral rating in a research note on Monday, October 14th. Credit Suisse Group lifted their price target on Duke Energy from $95.00 to $98.00 and gave the stock a neutral rating in a research note on Monday, September 9th. SunTrust Banks set a $96.00 target price on Duke Energy and gave the company a hold rating in a research note on Tuesday, September 3rd. Finally, Citigroup decreased their target price on Duke Energy from $91.00 to $88.00 and set a neutral rating for the company in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $95.00.
In other Duke Energy news, EVP Douglas F. Esamann sold 4,430 shares of Duke Energy stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $92.44, for a total value of $409,509.20. Following the completion of the transaction, the executive vice president now directly owns 64,722 shares in the company, valued at $5,982,901.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Lloyd M. Yates sold 20,000 shares of Duke Energy stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $90.81, for a total value of $1,816,200.00. Following the completion of the transaction, the executive vice president now owns 41,154 shares of the company’s stock, valued at $3,737,194.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,802 shares of company stock valued at $2,443,654. 0.09% of the stock is currently owned by insiders.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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