The Duke Energy Corp. (DUK) Expected to Earn Q2 2017 Earnings of $1.08 Per Share

The Duke Energy Corp. (DUK) Expected to Earn Q2 2017 Earnings of $1.08 Per Share

Duke Energy Corp. (NYSE:DUK) – SunTrust Banks dropped their Q2 2017 earnings estimates for Duke Energy Corp. in a report released on Tuesday. SunTrust Banks analyst A. Agha now anticipates that the brokerage will post earnings per share of $1.08 for the quarter, down from their prior estimate of $1.11. 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 Q2 2018 earnings at $1.13 EPS.

A number of other brokerages have also commented on DUK. Mizuho restated a “neutral” rating and issued a $75.00 target price on shares of Duke Energy Corp. in a research note on Thursday, June 30th. Citigroup Inc. cut their target price on Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th. Zacks Investment Research lowered Duke Energy Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Argus restated a “hold” rating on shares of Duke Energy Corp. in a research note on Tuesday, October 4th. Finally, Scotiabank restated a “sector perform” rating and issued a $88.00 target price (up from $78.00) on shares of Duke Energy Corp. in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. Duke Energy Corp. currently has a consensus rating of “Hold” and an average target price of $80.23.

Shares of Duke Energy Corp. (NYSE:DUK) traded up 1.68% during midday trading on Thursday, hitting $77.94. 3,702,351 shares of the company were exchanged. The firm has a market cap of $53.70 billion, a P/E ratio of 20.60 and a beta of 0.13. The company’s 50 day moving average price is $79.64 and its 200 day moving average price is $81.10. Duke Energy Corp. has a one year low of $65.50 and a one year high of $87.75.

Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the previous year, the business earned $0.95 earnings per share.

In related news, EVP Douglas F. Esamann sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total value of $253,740.00. Following the transaction, the executive vice president now owns 50,609 shares in the company, valued at $4,280,509.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Community Bank N.A. raised its position in Duke Energy Corp. by 8.6% in the third quarter. Community Bank N.A. now owns 5,258 shares of the company’s stock valued at $421,000 after buying an additional 415 shares during the last quarter. MSI Financial Services Inc raised its position in Duke Energy Corp. by 0.7% in the third quarter. MSI Financial Services Inc now owns 43,978 shares of the company’s stock valued at $3,520,000 after buying an additional 322 shares during the last quarter. Gulf International Bank UK Ltd raised its position in Duke Energy Corp. by 0.7% in the third quarter. Gulf International Bank UK Ltd now owns 209,108 shares of the company’s stock valued at $16,737,000 after buying an additional 1,500 shares during the last quarter. Verus Financial Partners Inc. raised its position in Duke Energy Corp. by 3.0% in the third quarter. Verus Financial Partners Inc. now owns 3,830 shares of the company’s stock valued at $307,000 after buying an additional 112 shares during the last quarter. Finally, Torch Wealth Management LLC raised its position in Duke Energy Corp. by 0.5% in the third quarter. Torch Wealth Management LLC now owns 14,292 shares of the company’s stock valued at $1,144,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 56.56% of the company’s stock.

Duke Energy Corp. Company Profile

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