Duke Energy Corporation (DUK) Issues FY17 Earnings Guidance
Duke Energy Corporation (NYSE:DUK) issued an update on its FY17 earnings guidance on Friday morning. The company provided EPS guidance of $4.50-4.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.58.
Duke Energy Corporation (NYSE:DUK) traded up $0.66 during midday trading on Friday, hitting $88.52. 2,399,026 shares of the stock traded hands, compared to its average volume of 2,268,913. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.35 and a current ratio of 0.62. The stock has a market cap of $61.99 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 4.83 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the prior year, the business posted $1.68 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. analysts forecast that Duke Energy Corporation will post 4.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be paid a $0.89 dividend. The ex-dividend date 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%.
DUK has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Duke Energy Corporation from a buy rating to a hold rating in a report on Wednesday, August 30th. KeyCorp reissued a hold rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Citigroup Inc boosted their price target on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the stock a sell rating in a report on Tuesday, October 17th. Morgan Stanley boosted their price target on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an equal weight rating in a report on Friday, September 8th. Finally, Bank of America Corporation reissued a neutral rating and issued a $92.00 price target on shares of Duke Energy Corporation in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $86.25.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the sale, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is owned by corporate insiders.
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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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