Duke Energy Corp. (NYSE:DUK) – Investment analysts at SunTrust Banks lowered their Q1 2017 earnings per share estimates for shares of Duke Energy Corp. in a research report issued on Tuesday. SunTrust Banks analyst A. Agha now expects that the firm will earn $1.14 per share for the quarter, down from their previous estimate 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.
Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings results 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. The business earned $5.10 billion during the quarter, compared to analyst estimates of $5.71 billion. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. During the same quarter last year, the business posted $0.95 earnings per share.
A number of other analysts also recently issued reports on the stock. Argus reissued a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, October 4th. Citigroup Inc. cut their price objective on shares of Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Zacks Investment Research downgraded shares of Duke Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Scotiabank reissued a “sector perform” rating and issued a $88.00 price objective (up previously from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. Finally, Howard Weil boosted 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.23.
Shares of Duke Energy Corp. (NYSE:DUK) traded up 1.11% during mid-day trading on Wednesday, hitting $76.75. 1,991,170 shares of the company were exchanged. The company’s 50-day moving average price is $79.78 and its 200-day moving average price is $81.13. The firm has a market capitalization of $52.88 billion, a P/E ratio of 20.29 and a beta of 0.13. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.75.
A number of institutional investors have recently made changes to their positions in the stock. Jolley Asset Management LLC boosted its position 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 valued at $102,000 after buying an additional 99 shares during the period. Benjamin F. Edwards & Company Inc. boosted 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 purchased a new stake in Duke Energy Corp. during the first quarter valued at $113,000. Sunbelt Securities Inc. boosted 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. boosted 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. Hedge funds and other institutional investors own 56.56% of the company’s stock.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $84.58, for a total value of $253,740.00. Following the completion of the transaction, the executive vice president now directly owns 50,609 shares in the company, valued at approximately $4,280,509.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.
About Duke Energy Corp.