Duke Energy (DUK) Set to Announce Quarterly Earnings on Thursday

Duke Energy (NYSE:DUK) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Duke Energy to post earnings of $1.86 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the previous year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. 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 Trading Up 1.4 %

Shares of NYSE DUK opened at $114.08 on Wednesday. The company has a 50-day moving average of $115.87 and a two-hundred day moving average of $108.57. Duke Energy has a 1-year low of $86.61 and a 1-year high of $121.25. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. The company has a market cap of $88.09 billion, a PE ratio of 21.01, a P/E/G ratio of 3.08 and a beta of 0.47.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.66%. Duke Energy’s payout ratio is presently 76.98%.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the sale, the executive vice president now owns 19,884 shares in the company, valued at $2,259,617.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DUK. Evercore ISI increased their price target on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Wells Fargo & Company increased their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. BMO Capital Markets lifted their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group began coverage on Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 price target for the company. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.85.

About Duke Energy

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.