Duke Energy Corp. (NYSE:DUK) – Equities research analysts at SunTrust Banks cut their Q1 2017 earnings estimates for Duke Energy Corp. in a report released on Tuesday. SunTrust Banks analyst A. Agha now expects that the firm will post earnings per share of $1.14 for the quarter, down from their previous forecast of $1.18. SunTrust Banks has a “Neutral” rating and a $85.00 price target 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.
Other analysts have also issued reports about the company. Zacks Investment Research upgraded Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Tuesday, July 12th. Argus reiterated a “hold” rating on shares of Duke Energy Corp. in a research report on Wednesday, September 14th. Citigroup Inc. lowered their price objective on Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, October 4th. Mizuho lifted their price objective on Duke Energy Corp. from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $88.00 price objective (up from $78.00) on shares of Duke Energy Corp. in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $80.23.
Duke Energy Corp. (NYSE:DUK) traded up 1.98% during trading on Wednesday, reaching $78.17. The company had a trading volume of 2,801,765 shares. The company has a 50 day moving average price of $79.64 and a 200 day moving average price of $81.10. Duke Energy Corp. has a 52-week low of $65.50 and a 52-week high of $87.75. The company has a market capitalization of $53.85 billion, a PE ratio of 20.66 and a beta of 0.13.
Duke Energy Corp. (NYSE:DUK) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aviva PLC raised its position in Duke Energy Corp. by 1.7% in the first quarter. Aviva PLC now owns 354,334 shares of the company’s stock valued at $28,588,000 after buying an additional 5,948 shares during the period. A.R. Schmeidler & Co. Inc. raised its position in Duke Energy Corp. by 0.6% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 83,967 shares of the company’s stock valued at $6,774,000 after buying an additional 516 shares during the period. M&T Bank Corp raised its position in Duke Energy Corp. by 16.3% in the first quarter. M&T Bank Corp now owns 104,605 shares of the company’s stock valued at $8,439,000 after buying an additional 14,688 shares during the period. CapWealth Advisors LLC raised its position in Duke Energy Corp. by 9.8% in the first quarter. CapWealth Advisors LLC now owns 3,360 shares of the company’s stock valued at $271,000 after buying an additional 300 shares during the period. Finally, Berkeley Capital Partners LLC raised its position in Duke Energy Corp. by 20.4% in the first quarter. Berkeley Capital Partners LLC now owns 5,469 shares of the company’s stock valued at $441,000 after buying an additional 925 shares during the period. 56.56% of the stock is currently owned by hedge funds and other institutional investors.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.
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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