Duke Energy Corporation (NYSE:DUK) announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.03, Bloomberg Earnings reports. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Duke Energy Corporation updated its FY17 guidance to $4.50-4.60 EPS.
Shares of Duke Energy Corporation (NYSE DUK) traded up $0.99 during midday trading on Tuesday, hitting $89.88. The company had a trading volume of 2,626,600 shares, compared to its average volume of 2,581,345. The company has a market cap of $63,760.00, a PE ratio of 19.98, a price-to-earnings-growth ratio of 4.86 and a beta of 0.26. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $90.22. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a yield of 3.96%. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 93.44%.
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In related news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.07% of the company’s stock.
DUK has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BMO Capital Markets reiterated a “hold” rating and issued a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Deutsche Bank AG reiterated a “hold” rating and issued a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Finally, Morgan Stanley boosted their price objective on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $86.90.
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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