Duke Energy (NYSE:DUK – Get Rating) posted its quarterly earnings results on Thursday. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.04), Briefing.com reports. The firm had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $5.79 billion. Duke Energy had a net margin of 14.50% and a return on equity of 8.42%. Duke Energy’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 EPS. Duke Energy updated its FY22 guidance to $5.30-5.60 EPS and its FY 2022 guidance to $5.30-$5.60 EPS.
Duke Energy Stock Down 0.5 %
NYSE DUK traded down $0.57 during trading on Friday, hitting $109.16. The stock had a trading volume of 3,033,559 shares, compared to its average volume of 2,272,873. The company has a market capitalization of $84.04 billion, a PE ratio of 22.10, a P/E/G ratio of 3.35 and a beta of 0.34. Duke Energy has a 12 month low of $95.48 and a 12 month high of $116.33. The company’s 50-day moving average price is $106.71 and its two-hundred day moving average price is $107.24. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.51 and a current ratio of 0.70.
Duke Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 12th will be issued a dividend of $1.005 per share. The ex-dividend date of this dividend is Thursday, August 11th. This is an increase from Duke Energy’s previous quarterly dividend of $0.99. This represents a $4.02 dividend on an annualized basis and a dividend yield of 3.68%. Duke Energy’s dividend payout ratio (DPR) is presently 79.76%.
Analyst Ratings Changes
Insider Transactions at Duke Energy
In other news, CFO Steven K. Young sold 415 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $107.75, for a total transaction of $44,716.25. Following the completion of the transaction, the chief financial officer now directly owns 114,072 shares in the company, valued at approximately $12,291,258. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 1,245 shares of company stock valued at $137,021 over the last 90 days. 0.10% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Fairfield Bush & CO. acquired a new stake in shares of Duke Energy in the 1st quarter valued at approximately $40,000. Covestor Ltd lifted its stake in Duke Energy by 447.8% in the 1st quarter. Covestor Ltd now owns 1,260 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 1,030 shares during the last quarter. Meridian Wealth Partners LLC bought a new position in Duke Energy during the first quarter worth about $305,000. Proficio Capital Partners LLC increased its position in Duke Energy by 17.6% during the first quarter. Proficio Capital Partners LLC now owns 2,770 shares of the utilities provider’s stock worth $309,000 after buying an additional 414 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in Duke Energy by 10.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 2,799 shares of the utilities provider’s stock valued at $313,000 after buying an additional 270 shares during the period. 62.35% of the stock is currently owned by institutional investors.
Duke Energy Company Profile
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.
- Get a free copy of the StockNews.com research report on Duke Energy (DUK)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.