Duke Energy Corp (NYSE:DUK) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $4.50-$4.70 for the period, compared to the Thomson Reuters consensus estimate of $4.60.
Shares of Duke Energy Corp (NYSE:DUK) traded down 0.047% on Friday, reaching $83.211. The company had a trading volume of 1,417,059 shares. The company’s 50-day moving average is $82.59 and its 200-day moving average is $79.17. The company has a market capitalization of $58.24 billion, a PE ratio of 26.534 and a beta of 0.14. Duke Energy Corp has a one year low of $72.34 and a one year high of $87.75.
Duke Energy Corp (NYSE:DUK) last posted its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.01. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corp had a net margin of 12.27% and a return on equity of 8.20%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. Equities research analysts predict that Duke Energy Corp will post $4.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 19th will be given a dividend of $0.855 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This is a boost from Duke Energy Corp’s previous quarterly dividend of $0.19. This represents a $3.42 dividend on an annualized basis and a yield of 4.11%. Duke Energy Corp’s dividend payout ratio is currently 82.61%.
A number of equities analysts have weighed in on the stock. BMO Capital Markets restated a hold rating and set a $81.00 price objective on shares of Duke Energy Corp in a research report on Friday, April 28th. Barclays PLC restated a neutral rating on shares of Duke Energy Corp in a research report on Sunday, February 19th. Royal Bank of Canada reiterated a buy rating and issued a $86.00 target price on shares of Duke Energy Corp in a research report on Friday, March 17th. Vetr upgraded shares of Duke Energy Corp from a hold rating to a buy rating and set a $80.10 target price for the company in a research report on Thursday, February 16th. Finally, Zacks Investment Research cut shares of Duke Energy Corp from a hold rating to a sell rating in a research report on Monday, February 13th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Duke Energy Corp currently has an average rating of Hold and a consensus target price of $81.19.
In related news, Director Theodore F. Craver, Jr. bought 3,500 shares of the stock in a transaction on Monday, May 15th. The stock was bought at an average price of $83.73 per share, with a total value of $293,055.00. Following the completion of the purchase, the director now directly owns 5,706 shares in the company, valued at approximately $477,763.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William E. Jr. Currens sold 600 shares of the stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $82.10, for a total transaction of $49,260.00. Following the transaction, the senior vice president now directly owns 5,677 shares of the company’s stock, valued at approximately $466,081.70. The disclosure for this sale can be found here. Insiders sold 37,790 shares of company stock valued at $3,097,173 in the last three months. 0.08% of the stock is currently owned by insiders.
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A number of hedge funds and other institutional investors have recently made changes to their positions in DUK. Valley National Advisers Inc. raised its position in shares of Duke Energy Corp by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock valued at $219,000 after buying an additional 18 shares during the period. Archford Capital Strategies LLC raised its position in shares of Duke Energy Corp by 0.3% in the first quarter. Archford Capital Strategies LLC now owns 11,311 shares of the utilities provider’s stock valued at $931,000 after buying an additional 36 shares during the period. Guardian Life Insurance Co. of America raised its position in shares of Duke Energy Corp by 2.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,702 shares of the utilities provider’s stock valued at $222,000 after buying an additional 63 shares during the period. RiverPoint Capital Management LLC raised its position in shares of Duke Energy Corp by 1.8% in the first quarter. RiverPoint Capital Management LLC now owns 6,089 shares of the utilities provider’s stock valued at $499,000 after buying an additional 107 shares during the period. Finally, Azimuth Capital Management LLC raised its position in shares of Duke Energy Corp by 0.3% in the first quarter. Azimuth Capital Management LLC now owns 69,335 shares of the utilities provider’s stock valued at $5,686,000 after buying an additional 182 shares during the period. 57.01% of the stock is owned by institutional investors.
Duke Energy Corp 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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