Wall Street analysts forecast that Duke Energy Corp (NYSE:DUK) will announce sales of $6.80 billion for the current quarter, Zacks reports. Two analysts have provided estimates for Duke Energy’s earnings. The highest sales estimate is $6.83 billion and the lowest is $6.76 billion. Duke Energy posted sales of $6.63 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The firm is expected to announce its next quarterly earnings report on Friday, November 1st.

According to Zacks, analysts expect that Duke Energy will report full year sales of $24.96 billion for the current financial year, with estimates ranging from $24.67 billion to $25.20 billion. For the next financial year, analysts expect that the business will post sales of $25.67 billion, with estimates ranging from $25.47 billion to $25.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Duke Energy.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.14. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis.

Several equities analysts have weighed in on the company. Barclays cut their target price on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 18th. Citigroup cut their target price on Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. KeyCorp assumed coverage on Duke Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Finally, SunTrust Banks set a $96.00 target price on Duke Energy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Duke Energy presently has an average rating of “Hold” and an average price target of $92.44.

NYSE:DUK traded up $0.47 during mid-day trading on Monday, hitting $94.96. The company had a trading volume of 2,297,985 shares, compared to its average volume of 3,105,430. Duke Energy has a fifty-two week low of $78.00 and a fifty-two week high of $95.70. The business’s fifty day moving average is $90.36 and its two-hundred day moving average is $89.29. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.47 and a current ratio of 0.71. The firm has a market cap of $68.44 billion, a P/E ratio of 20.12, a P/E/G ratio of 3.85 and a beta of 0.09.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be issued a $0.945 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Thursday, August 15th. Duke Energy’s dividend payout ratio is 80.08%.

In related news, EVP Douglas F. Esamann sold 4,430 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $92.44, for a total transaction of $409,509.20. Following the completion of the transaction, the executive vice president now directly owns 64,722 shares in the company, valued at $5,982,901.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Dwight L. Jacobs sold 1,700 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $91.05, for a total value of $154,785.00. Following the transaction, the senior vice president now owns 4,891 shares of the company’s stock, valued at $445,325.55. The disclosure for this sale can be found here. Insiders sold 26,362 shares of company stock valued at $2,401,576 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Duke Energy by 1.9% during the second quarter. Vanguard Group Inc. now owns 59,914,178 shares of the utilities provider’s stock worth $5,286,827,000 after buying an additional 1,102,963 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Duke Energy by 1.8% during the second quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock worth $4,450,250,000 after buying an additional 888,787 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Duke Energy by 43.9% during the second quarter. Invesco Ltd. now owns 11,711,714 shares of the utilities provider’s stock worth $1,033,443,000 after buying an additional 3,574,870 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Duke Energy by 6.1% during the second quarter. Northern Trust Corp now owns 9,852,985 shares of the utilities provider’s stock worth $869,427,000 after buying an additional 566,287 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Duke Energy by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock valued at $771,079,000 after purchasing an additional 750,534 shares in the last quarter. Institutional investors and hedge funds own 60.27% of the company’s stock.

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

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