Duke Energy Corporation (NYSE:DUK) announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03, Bloomberg Earnings reports. The business had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. Duke Energy Corporation updated its FY17 guidance to $4.50-4.60 EPS.
Shares of Duke Energy Corporation (NYSE:DUK) opened at $89.88 on Tuesday. The firm has a market cap of $62,220.83, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 4.86 and a beta of 0.26. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $90.22.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio is currently 117.49%.
A number of analysts have weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Morgan Stanley lifted their price target on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Citigroup Inc. boosted their target price on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. Deutsche Bank AG restated a “hold” rating and issued a $84.00 target price (up previously from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $86.90.
About Duke Energy Corporation
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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