Brokerages Anticipate Duke Energy Co. (NYSE:DUK) Will Post Quarterly Sales of $6.03 Billion - MarketBeat - Financial Daily News Site

Brokerages Anticipate Duke Energy Co. (NYSE:DUK) Will Post Quarterly Sales of $6.03 Billion – MarketBeat

Analysts expect Duke Energy Co. (NYSE:DUK – Get Rating) to report sales of $6.03 billion for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Duke Energy’s earnings, with estimates ranging from $5.90 billion to $6.11 billion. Duke Energy reported sales of $5.76 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Duke Energy will report full-year sales of $26.47 billion for the current year, with estimates ranging from $25.85 billion to $27.17 billion. For the next financial year, analysts expect that the firm will report sales of $27.31 billion, with estimates ranging from $26.79 billion to $28.04 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Duke Energy.

Duke Energy (NYSE:DUK – Get Rating) last issued its earnings results on Monday, May 9th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.04). The firm had revenue of $7.13 billion during the quarter, compared to analysts’ expectations of $6.32 billion. Duke Energy had a return on equity of 8.52% and a net margin of 14.47%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share.

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A number of research firms recently commented on DUK. Bank of America upgraded shares of Duke Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $108.00 to $110.00 in a research note on Monday, February 14th. Wells Fargo & Company boosted their price objective on shares of Duke Energy from $109.00 to $120.00 in a report on Tuesday, May 10th. StockNews.com initiated coverage on shares of Duke Energy in a report on Thursday, March 31st. They issued a “hold” rating on the stock. KeyCorp lifted their target price on shares of Duke Energy from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. Finally, Credit Suisse Group reduced their price target on shares of Duke Energy from $125.00 to $117.00 in a report on Tuesday, May 10th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $112.42.

DUK stock opened at $114.40 on Friday. Duke Energy has a 52 week low of $95.48 and a 52 week high of $116.33. The firm has a market capitalization of $88.08 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 3.26 and a beta of 0.34. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. The company has a fifty day simple moving average of $111.65 and a two-hundred day simple moving average of $105.56.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 16th. Investors of record on Friday, May 13th will be given a dividend of $0.985 per share. The ex-dividend date is Thursday, May 12th. This represents a $3.94 annualized dividend and a dividend yield of 3.44%. Duke Energy’s payout ratio is 82.77%.

In other Duke Energy news, EVP Julia S. Janson sold 1,036 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $107.00, for a total transaction of $110,852.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Alexander Glenn sold 1,430 shares of the firm’s stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $105.00, for a total value of $150,150.00. The disclosure for this sale can be found here. In the last three months, insiders sold 13,137 shares of company stock worth $1,405,279. Insiders own 0.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Duke Energy during the third quarter worth $1,993,000. Kestra Private Wealth Services LLC raised its holdings in Duke Energy by 7.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 32,858 shares of the utilities provider’s stock valued at $3,447,000 after acquiring an additional 2,390 shares during the last quarter. TownSquare Capital LLC increased its holdings in shares of Duke Energy by 30.5% during the 3rd quarter. TownSquare Capital LLC now owns 16,111 shares of the utilities provider’s stock worth $1,572,000 after buying an additional 3,762 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of Duke Energy by 9.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,500 shares of the utilities provider’s stock worth $682,000 after purchasing an additional 577 shares during the period. Finally, Xponance Inc. boosted its position in Duke Energy by 24.5% in the 4th quarter. Xponance Inc. now owns 48,285 shares of the utilities provider’s stock valued at $5,065,000 after buying an additional 9,495 shares during the period. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Duke Energy Company Profile (Get Rating)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

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Earnings History and Estimates for Duke Energy (NYSE:DUK)

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