Duke Energy (NYSE:DUK) issued an update on its FY19 earnings guidance on Friday morning. The company provided EPS guidance of $4.95-5.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.96.
NYSE DUK traded down $2.63 during mid-day trading on Friday, reaching $89.95. 6,146,212 shares of the stock were exchanged, compared to its average volume of 3,026,935. Duke Energy has a 1-year low of $82.46 and a 1-year high of $97.37. The business’s fifty day simple moving average is $95.22 and its 200 day simple moving average is $90.74. The stock has a market capitalization of $67.87 billion, a PE ratio of 19.06, a PEG ratio of 3.84 and a beta of 0.07. 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 announced its earnings results on Friday, November 8th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.10. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The firm had revenue of $6.94 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the business earned $1.65 earnings per share. Duke Energy’s revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Duke Energy will post 4.98 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.945 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.78 dividend on an annualized basis and a yield of 4.20%. Duke Energy’s dividend payout ratio (DPR) is currently 80.08%.
DUK has been the topic of a number of analyst reports. Credit Suisse Group raised their target price on shares of Duke Energy from $95.00 to $98.00 and gave the stock a neutral rating in a research report on Monday, September 9th. JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $91.00 to $102.00 and gave the stock a neutral rating in a research note on Monday, October 14th. Morgan Stanley increased their price target on shares of Duke Energy from $95.00 to $96.00 and gave the stock an equal weight rating in a research note on Thursday, October 17th. Citigroup cut their price target on shares of Duke Energy from $91.00 to $88.00 and set a neutral rating on the stock in a research note on Tuesday, July 30th. Finally, SunTrust Banks set a $96.00 price target on shares of Duke Energy and gave the stock a hold rating in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The company has a consensus rating of Hold and a consensus price target of $95.00.
In other news, EVP Douglas F. Esamann sold 4,430 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $92.44, for a total value of $409,509.20. Following the transaction, the executive vice president now owns 64,722 shares of the company’s stock, valued at approximately $5,982,901.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $91.05, for a total transaction of $154,785.00. Following the completion of the transaction, the senior vice president now directly owns 4,891 shares in the company, valued at approximately $445,325.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,802 shares of company stock worth $2,443,654. 0.09% of the stock is currently owned by insiders.
About Duke Energy
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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