Duke Energy Co. to Issue Quarterly Dividend of $1.05 (NYSE:DUK)

Duke Energy Co. (NYSE:DUKGet Free Report) declared a quarterly dividend on Monday, October 7th,RTT News reports. Investors of record on Friday, November 15th will be paid a dividend of 1.045 per share by the utilities provider on Monday, December 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Friday, November 15th.

Duke Energy has increased its dividend payment by an average of 2.1% per year over the last three years and has increased its dividend every year for the last 20 years. Duke Energy has a dividend payout ratio of 65.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Duke Energy to earn $6.34 per share next year, which means the company should continue to be able to cover its $4.18 annual dividend with an expected future payout ratio of 65.9%.

Duke Energy Stock Performance

Shares of NYSE:DUK opened at $111.27 on Thursday. The company’s 50 day simple moving average is $115.73 and its 200 day simple moving average is $109.07. The stock has a market capitalization of $85.95 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 3.06 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy has a 1 year low of $88.27 and a 1 year high of $121.25.

Duke Energy (NYSE:DUKGet Free Report) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. During the same quarter in the prior year, the business earned $1.94 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts predict that Duke Energy will post 5.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets lifted their price target on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Morgan Stanley lifted their price target on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Scotiabank boosted their target price on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Bank of America boosted their target price on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $121.85.

View Our Latest Research Report on Duke Energy

Duke Energy Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Duke Energy (NYSE:DUK)

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.