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What Duke Energy's Earnings Mean for Mutual Fund Investors (DUK)

Shauna O'Brien

|

duke energy logo
Utility company Duke Energy (DUK) released its fourth quarter financial results before the opening bell on Wednesday. Here’s what the results mean for mutual fund investors.

Inside DUK’s Results

Earnings

Net income came in at $97 million, or 14 cents per share, down from $688 million, or 97 cents per share. Adjusted earnings came in at 86 cents per share – below analysts’ estimate of 88 cents per share.

Revenue
Revenue rose 5% to $23.93 billion from $22.76 billion last year. Analysts expected to see revenue of $25.59 billion.

Outlook
Looking ahead to FY2015, the company expects to see EPS between $4.55 and $4.75. Analysts expected to see EPS of $4.76.

International Energy Segment Cutting into Profits

Duke Energy noted that it has completed a strategic review of its international energy segment, which has been dragging down profits for the company. In its most recent quarter, the segment swung to a $301 million loss, primarily due to droughts in Brazil.

DUK may be a good choice for investors seeking a defensive dividend stock, as it currently offers a dividend yield around 4% and has as a strong history of dividend increases.

Mutual Funds to Watch

Investors interested in DUK may be interested in the funds listed below. These funds currently have the largest stakes in the company.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.72%
FKINX Franklin Income 1.64%
VFINX Vanguard 500 1.28%

The Bottom Line

The funds listed above allow investors to gain exposure while remaining diversified. Investors interested in DUK may also be interested in Southern Company (SO) and PG&E Corporation (PCG).

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duke energy logo

What Duke Energy's Earnings Mean for Mutual Fund Investors (DUK)

Shauna O'Brien

|

Utility company Duke Energy (DUK) released its fourth quarter financial results before the opening bell on Wednesday. Here’s what the results mean for mutual fund investors.

Inside DUK’s Results

Earnings

Net income came in at $97 million, or 14 cents per share, down from $688 million, or 97 cents per share. Adjusted earnings came in at 86 cents per share – below analysts’ estimate of 88 cents per share.

Revenue
Revenue rose 5% to $23.93 billion from $22.76 billion last year. Analysts expected to see revenue of $25.59 billion.

Outlook
Looking ahead to FY2015, the company expects to see EPS between $4.55 and $4.75. Analysts expected to see EPS of $4.76.

International Energy Segment Cutting into Profits

Duke Energy noted that it has completed a strategic review of its international energy segment, which has been dragging down profits for the company. In its most recent quarter, the segment swung to a $301 million loss, primarily due to droughts in Brazil.

DUK may be a good choice for investors seeking a defensive dividend stock, as it currently offers a dividend yield around 4% and has as a strong history of dividend increases.

Mutual Funds to Watch

Investors interested in DUK may be interested in the funds listed below. These funds currently have the largest stakes in the company.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.72%
FKINX Franklin Income 1.64%
VFINX Vanguard 500 1.28%

The Bottom Line

The funds listed above allow investors to gain exposure while remaining diversified. Investors interested in DUK may also be interested in Southern Company (SO) and PG&E Corporation (PCG).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

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