Duke Energy Corp to Post Q1 2021 Earnings of $1.48 Per Share, SunTrust Banks Forecasts (DUK)

Duke Energy Corp (NYSE:DUK) – Investment analysts at SunTrust Banks issued their Q1 2021 earnings estimates for shares of Duke Energy in a research note issued to investors on Thursday, April 25th. SunTrust Banks analyst A. Agha anticipates that the utilities provider will post earnings per share of $1.48 for the quarter.

DUK has been the topic of a number of other research reports. ValuEngine cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Bank of America cut shares of Duke Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Credit Suisse Group cut shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Morgan Stanley increased their price objective on shares of Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Finally, Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Duke Energy has an average rating of “Hold” and an average target price of $86.10.

DUK stock opened at $90.32 on Monday. The stock has a market cap of $65.72 billion, a PE ratio of 19.14, a P/E/G ratio of 3.66 and a beta of 0.06. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.17. Duke Energy has a 1 year low of $71.96 and a 1 year high of $91.67.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.05). The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.94 EPS.

In related news, EVP Melissa H. Anderson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $87.49, for a total value of $174,980.00. Following the transaction, the executive vice president now owns 18,198 shares of the company’s stock, valued at approximately $1,592,143.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lloyd M. Yates sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $88.51, for a total transaction of $309,785.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,250 shares of company stock worth $1,900,878 in the last three months. Insiders own 0.09% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in DUK. Oregon Public Employees Retirement Fund lifted its position in Duke Energy by 8,422.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,521,173 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 6,444,652 shares in the last quarter. FMR LLC lifted its position in Duke Energy by 41.8% in the 4th quarter. FMR LLC now owns 7,411,128 shares of the utilities provider’s stock valued at $639,581,000 after acquiring an additional 2,186,456 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Duke Energy by 941.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,856,602 shares of the utilities provider’s stock valued at $160,211,000 after acquiring an additional 1,678,300 shares in the last quarter. Vanguard Group Inc lifted its position in Duke Energy by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock valued at $4,355,880,000 after acquiring an additional 1,539,841 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Duke Energy by 2.6% in the 4th quarter. BlackRock Inc. now owns 48,270,073 shares of the utilities provider’s stock valued at $4,165,706,000 after acquiring an additional 1,226,657 shares in the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Company Profile

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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