Duke Energy (DUK) Set to Announce Earnings on Tuesday

Duke Energy (NYSE:DUK) is scheduled to post its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect Duke Energy to post earnings of $0.99 per share for the quarter. Duke Energy has set its FY24 guidance at $5.85-6.10 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter last year, the company earned $1.20 earnings per share. Duke Energy’s revenue for the quarter was up 5.4% on a year-over-year basis. 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 Stock Up 1.2 %

Shares of NYSE:DUK opened at $113.92 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. Duke Energy has a 52-week low of $83.06 and a 52-week high of $116.67. The company has a 50 day moving average of $103.57 and a two-hundred day moving average of $98.86. The company has a market capitalization of $87.92 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be given a $1.045 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.18 annualized dividend and a yield of 3.67%. Duke Energy’s dividend payout ratio (DPR) is 105.03%.

Analysts Set New Price Targets

Several research firms have recently commented on DUK. BMO Capital Markets reduced their target price on Duke Energy from $110.00 to $109.00 and set an “outperform” rating for the company in a research note on Thursday, July 11th. Scotiabank reduced their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Bank of America increased their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Morgan Stanley reduced their target price on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Finally, KeyCorp raised their price objective on Duke Energy from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.58.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the sale, the chief executive officer now directly owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total value of $173,415.45. Following the transaction, the director now directly owns 4 shares in the company, valued at $409.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,695 shares of company stock worth $2,750,815. 0.10% of the stock is owned by insiders.

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.