Q1 2017 EPS Estimates for Duke Energy Corp. (DUK) Decreased by Analyst
Duke Energy Corp. (NYSE:DUK) – Equities research analysts at SunTrust Banks lowered their Q1 2017 earnings per share estimates for Duke Energy Corp. in a research note issued to investors on Tuesday. SunTrust Banks analyst A. Agha now forecasts that the firm will post earnings of $1.14 per share for the quarter, down from their previous estimate of $1.18. SunTrust Banks currently has a “Neutral” rating and a $85.00 target price on the stock. SunTrust Banks also issued estimates for Duke Energy Corp.’s Q3 2017 earnings at $1.53 EPS, Q4 2017 earnings at $0.92 EPS, FY2017 earnings at $4.67 EPS, Q1 2018 earnings at $1.20 EPS, Q3 2018 earnings at $1.60 EPS and FY2018 earnings at $4.90 EPS.
Duke Energy Corp. (NYSE:DUK) last posted its earnings results on Thursday, August 4th. The company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.06. Duke Energy Corp. had a return on equity of 7.85% and a net margin of 11.39%. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share.
A number of other analysts also recently commented on the company. Scotiabank restated a “sector perform” rating and set a $88.00 price objective (up from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. Citigroup Inc. dropped their price objective on Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Argus restated a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, October 4th. Mizuho restated a “neutral” rating and set a $75.00 price objective on shares of Duke Energy Corp. in a report on Thursday, June 30th. Finally, Zacks Investment Research downgraded Duke Energy Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. Duke Energy Corp. presently has a consensus rating of “Hold” and a consensus price target of $80.23.
Duke Energy Corp. (NYSE:DUK) traded down 0.87% during mid-day trading on Wednesday, hitting $77.26. The stock had a trading volume of 706,722 shares. The company has a 50 day moving average price of $79.54 and a 200 day moving average price of $81.07. Duke Energy Corp. has a one year low of $65.50 and a one year high of $87.75. The stock has a market cap of $53.23 billion, a P/E ratio of 20.42 and a beta of 0.13.
In other news, EVP Douglas F. Esamann sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $84.58, for a total value of $253,740.00. Following the sale, the executive vice president now owns 50,609 shares in the company, valued at approximately $4,280,509.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.08% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Jolley Asset Management LLC raised its stake in shares of Duke Energy Corp. by 9.1% in the second quarter. Jolley Asset Management LLC now owns 1,186 shares of the company’s stock worth $102,000 after buying an additional 99 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Duke Energy Corp. by 8.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,250 shares of the company’s stock valued at $107,000 after buying an additional 100 shares during the period. Carnick & Kubik LLC acquired a new stake in Duke Energy Corp. during the first quarter valued at $113,000. Sunbelt Securities Inc. raised its stake in Duke Energy Corp. by 14.3% in the second quarter. Sunbelt Securities Inc. now owns 1,523 shares of the company’s stock valued at $131,000 after buying an additional 190 shares during the period. Finally, Mercer Capital Advisers Inc. raised its stake in Duke Energy Corp. by 394.2% in the second quarter. Mercer Capital Advisers Inc. now owns 1,705 shares of the company’s stock valued at $146,000 after buying an additional 1,360 shares during the period. Institutional investors and hedge funds own 56.56% of the company’s stock.
Duke Energy Corp. Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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