Duke Energy Corp. (NYSE:DUK) – SunTrust Banks raised their Q4 2016 earnings per share estimates for shares of Duke Energy Corp. in a research note issued to investors on Monday. SunTrust Banks analyst A. Agha now expects that the firm will post earnings of $0.82 per share for the quarter, up from their previous forecast of $0.80. SunTrust Banks currently has a “Neutral” rating and a $85.00 price objective on the stock. SunTrust Banks also issued estimates for Duke Energy Corp.’s Q3 2017 earnings at $1.67 EPS and Q3 2018 earnings at $1.75 EPS.

Duke Energy Corp. (NYSE:DUK) last released its quarterly earnings results on Friday, November 4th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.10. The firm had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Duke Energy Corp. had a return on equity of 8.20% and a net margin of 12.27%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 EPS.

Earnings History and Estimates for Duke Energy Corp. (NYSE:DUK)

Several other equities analysts have also issued reports on DUK. Scotiabank reissued a “sector perform” rating and set a $83.00 price objective (down from $88.00) on shares of Duke Energy Corp. in a report on Monday. Mizuho lifted their price objective on shares of Duke Energy Corp. from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Argus reissued a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, July 26th. Howard Weil lifted their price objective on shares of Duke Energy Corp. from $78.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. Finally, Zacks Investment Research lowered shares of Duke Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $80.04.

Duke Energy Corp. (NYSE:DUK) opened at 75.16 on Wednesday. The company has a market capitalization of $51.79 billion, a PE ratio of 18.18 and a beta of 0.13. The stock’s 50 day moving average price is $78.56 and its 200 day moving average price is $80.87. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.75.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 18th will be given a dividend of $0.855 per share. The ex-dividend date is Wednesday, November 16th. This represents a $3.42 dividend on an annualized basis and a yield of 4.55%. Duke Energy Corp.’s dividend payout ratio is presently 82.61%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Van Hulzen Asset Management LLC increased its position in Duke Energy Corp. by 2.4% in the third quarter. Van Hulzen Asset Management LLC now owns 1,262 shares of the company’s stock worth $101,000 after buying an additional 29 shares in the last quarter. Jolley Asset Management LLC increased its position in 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 in the last quarter. Benjamin F. Edwards & Company Inc. increased its position 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 worth $107,000 after buying an additional 100 shares in the last quarter. Sunbelt Securities Inc. increased its position in Duke Energy Corp. by 14.3% in the second quarter. Sunbelt Securities Inc. now owns 1,523 shares of the company’s stock worth $131,000 after buying an additional 190 shares in the last quarter. Finally, Mercer Capital Advisers Inc. increased its position 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 worth $146,000 after buying an additional 1,360 shares in the last quarter. Institutional investors own 56.61% 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).

5 Day Chart for NYSE:DUK

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