Duke Energy (DUK) to Release Earnings on Thursday

Duke Energy (NYSE:DUKGet Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, February 8th. Analysts expect Duke Energy to post earnings of $1.55 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.02. The firm had revenue of $7.99 billion during the quarter, compared to the consensus estimate of $8.13 billion. Duke Energy had a return on equity of 8.24% and a net margin of 4.47%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. On average, analysts expect Duke Energy to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Duke Energy Stock Up 0.3 %

DUK stock opened at $95.85 on Thursday. The stock has a fifty day moving average of $95.80 and a 200-day moving average of $92.26. The company has a market capitalization of $73.87 billion, a price-to-earnings ratio of 61.05, a PEG ratio of 2.53 and a beta of 0.47. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.52 and a current ratio of 0.76. Duke Energy has a fifty-two week low of $83.06 and a fifty-two week high of $103.83.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, February 16th will be issued a dividend of $1.025 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.28%. Duke Energy’s dividend payout ratio is 261.15%.

Institutional Investors Weigh In On Duke Energy

Several large investors have recently bought and sold shares of the company. NBW Capital LLC grew its position in Duke Energy by 18.2% in the second quarter. NBW Capital LLC now owns 2,691 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 414 shares during the period. Armstrong Fleming & Moore Inc purchased a new position in shares of Duke Energy during the second quarter worth about $217,000. Lokken Investment Group LLC purchased a new position in shares of Duke Energy during the fourth quarter worth about $213,000. Xcel Wealth Management LLC purchased a new position in shares of Duke Energy during the fourth quarter worth about $208,000. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Duke Energy during the second quarter worth about $193,000. 63.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DUK shares. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Bank of America lowered their target price on Duke Energy from $104.00 to $103.00 and set a “buy” rating on the stock in a report on Friday, December 22nd. Morgan Stanley upped their price target on Duke Energy from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 21st. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Finally, Guggenheim cut their target price on Duke Energy from $102.00 to $93.00 in a research report on Monday, October 9th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.67.

Check Out Our Latest Report on DUK

Duke Energy Company Profile

(Get Free Report)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments, Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.

Further Reading

Earnings History for Duke Energy (NYSE:DUK)

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