Duke Energy Corp (DUK) Releases Earnings Results, Beats Expectations By $0.06 EPS

Duke Energy Corp (DUK) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $1.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.01. Analysts expectations of $5682.11 million. During the same quarter in the previous year, the company posted $0.95 EPS.

Many Wall Street Analysts have commented on Duke Energy Corp. Shares were Reiterated by Mizuho on May 19, 2016 to “Neutral” and Lowered the Price Target to $ 75 from a previous price target of $80 .

Duke Energy Corp closed down -0.09 points or -0.11% at $85.56 with 30,83,802 shares getting traded on Tusday. Post opening the session at $85.24, the shares hit an intraday low of $84.81 and an intraday high of $85.73 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Investors should note that on Jul 11, 2016, Duke Energy Corp announced a cash dividend of $0.8550. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 16, 2016.

In a different news, on May 24, 2016, E Marie Mckee (director) sold 1,558 shares at $76.66 per share price. According to the SEC, on Mar 2, 2016, Brian D Savoy (SVP,Controller,Chief Acct Off) sold 500 shares at $74.84 per share price. On Feb 29, 2016, Lynn J Good (Pres, CEO & Chairman) sold 13,333 shares at $74.08 per share price, according to the Form-4 filing with the securities and exchange commission.

Duke Energy Corporation is an energy company. Duke Energy conducts its operations in three business segments: Regulated Utilities International Energy and Commercial Power. The Company’s Regulated Utilities segment conducts operations primarily through Duke Energy Carolinas Duke Energy Progress Duke Energy Florida Duke Energy Indiana and Duke Energy Ohio. The Company’s International Energy segment principally operates and manages power generation facilities and engages in sales and marketing of electric power natural gas and natural gas liquids outside the United States. The Company’s Commercial Power builds develops and operates wind and solar renewable generation and energy transmission projects throughout the continental United States. Duke Energy operates in the United States and Latin America primarily through its direct and indirect subsidiaries.

Duke Energy Corp

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