Share

Power company Duke Energy’s profit falls on impairment charge

Over all, Duke Energy reported a profit of $509 million, or 74 cents a share, down from $543 million, or 78 cents a share, a year earlier.

Advertisement

Many Wall Street Analysts have commented on Duke Energy Corp.

According to consensus agreement of 15 analysts Duke Energy Corp (NYSE:DUK) will report earnings per share of $0.96 in their quarterly report and it is expected to announce the company’s results on 8/4/2016 BMO. Past 5 years growth of Duke Energy Corp (NYSE:DUK) observed at 0.79%, and for the next five years the analysts that follow this company are expecting its growth at 4.46%. The company also said it took charges related to “an impairment in Central America, costs to achieve mergers and cost-savings initiatives” without giving specifics.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.

Duke Energy Corp (NYSE:DUK) plunged -0.48% or -0.41 points during previous trade after opening at the price of $85.43, a total of 3.07M shares exchanged hands compared with its average trading volume of 3.09M shares. During the same quarter in the previous year, the company posted $0.95 EPS. (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc.

In other news, Director E Marie Mckee sold 1,558 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. Duke Energy Corp makes up approx 0.45% of Pggm Investments’s portfolio.

Advertisement

Genpact repurchased about 2.0 million of its common shares during the quarter at an average price of $27.27 per share for a total of about $53 million under its $500 million share repurchase program. Duke Energy Corp makes up approx 0.16% of First American Bank’s portfolio. The 52 week high Duke Energy Corporation’s shares have reached is 87.31 whilst the 52 week low for the company’s shares is 65.5. Duke Energy Corp. The company has a 50-day moving average price of $84.67 and a 200-day moving average price of $79.59. The company has a market cap of $58.19 billion. Shareholders of record on Friday, August 12th will be issued a $0.855 dividend. The Hedge Fund company now holds 15,264 shares of DUK which is valued at $1,294,845. Duke Energy conducts its operations in three business segments: Regulated Utilities International Energy and Commercial Power. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).

Duke Energy Corp Seeks to Sell Latin American Power Assets