Wall Street brokerages expect Duke Energy Corp (NYSE:DUK) to announce $5.84 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Duke Energy’s earnings. The highest sales estimate is $6.02 billion and the lowest is $5.67 billion. Duke Energy reported sales of $5.87 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.5%. The company is expected to issue its next quarterly earnings results on Tuesday, August 4th.
According to Zacks, analysts expect that Duke Energy will report full year sales of $25.23 billion for the current fiscal year, with estimates ranging from $24.66 billion to $25.78 billion. For the next fiscal year, analysts expect that the business will post sales of $26.05 billion, with estimates ranging from $25.04 billion to $26.62 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Duke Energy.
Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, May 12th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.05). Duke Energy had a net margin of 15.17% and a return on equity of 8.13%. The business had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis.
In other news, SVP Harry K. Sideris sold 1,285 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $80.42, for a total value of $103,339.70. Following the completion of the transaction, the senior vice president now owns 5,396 shares of the company’s stock, valued at $433,946.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lynn J. Good sold 16,400 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $91.86, for a total value of $1,506,504.00. Following the completion of the transaction, the chief executive officer now directly owns 302,325 shares of the company’s stock, valued at approximately $27,771,574.50. The disclosure for this sale can be found here. In the last three months, insiders sold 18,213 shares of company stock valued at $1,652,221. Company insiders own 0.11% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Stephenson National Bank & Trust bought a new position in Duke Energy during the fourth quarter valued at about $331,000. Checchi Capital Advisers LLC boosted its stake in Duke Energy by 12.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 8,206 shares of the utilities provider’s stock valued at $748,000 after buying an additional 921 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Duke Energy by 70.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 171,930 shares of the utilities provider’s stock valued at $15,682,000 after buying an additional 71,067 shares in the last quarter. Weatherly Asset Management L. P. bought a new position in Duke Energy during the fourth quarter valued at about $254,000. Finally, Nvwm LLC boosted its stake in Duke Energy by 107.4% during the first quarter. Nvwm LLC now owns 15,174 shares of the utilities provider’s stock valued at $1,227,000 after buying an additional 7,858 shares in the last quarter. 64.29% of the stock is owned by institutional investors and hedge funds.
Shares of DUK stock traded up $0.89 on Monday, hitting $83.23. 2,760,557 shares of the stock traded hands, compared to its average volume of 3,528,815. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.67 and a quick ratio of 0.45. The company has a market capitalization of $60.44 billion, a PE ratio of 16.45, a PEG ratio of 3.42 and a beta of 0.33. Duke Energy has a 1-year low of $62.13 and a 1-year high of $103.79. The company’s fifty day moving average is $84.10 and its 200 day moving average is $89.38.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be paid a $0.945 dividend. The ex-dividend date is Thursday, May 14th. This represents a $3.78 annualized dividend and a dividend yield of 4.54%. Duke Energy’s payout ratio is 74.70%.
About Duke Energy
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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