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Duke Energy Marked as GuruFocus Dividend Grower of the Week
Posted by: Monica Wolfe (IP Logged)
Date: January 6, 2014 05:23PM

During the past week, GuruFocus recognized one company as a dividend grower. In order to be qualified for this list, the company had to:

· Have a dividend yield of greater than 3%.

· Have a strong history of stable and increasing dividends.
· Maintain Guru ownership.
· Have a market cap of greater than $10 billion

This company comes from the energy sector of the market, and fits the necessary criteria needed to qualify it as a dividend grower. 

Duke Energy (DUK)

Duke Energy’s historical dividend growth:

1389024765131.png

On Jan. 3, Duke Energy declared a dividend of $0.78 per share, representing a 4.60% dividend yield for the company. This dividend is payable on March 17 to shareholders of the record at the close of business on Dec. 16, 2013.

The company’s historical dividend growth is as follows:

  • 10-year:  -2.00%
  • 5-year:  2.90%
  • 3-year:  2.40%

1389032234349.png

Duke Energy is an energy company headquartered in Charlotte, North Carolina.  Its regulated utility operations serve 4 million customers located in five states in the Southeast and Midwest United States.  Its Commercial Power and International Energy business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the U.S.

Duke Energy’s historical revenue and net income:

1389041261609.png

The analysis on Duke Energy reports that the company’s dividend yield is close to a 10-year low, its price is close to a 10-year high and the company has issued $8.2 billion in debt over the past three years. The analysis also notes that the P/E ratio and P/B ratio are both at 1-year lows.

Most recently the company was involved in the Wells Fargo 2013 Energy Symposium.  Duke Energy’s Executive VP and President of Duke Energy Nuclear, Dhiaa Jamil, gave the speech, and you can listen to it in its entirety here.

The company’s third quarter earnings reported:

  • Adjusted diluted EPS of $1.46, compared with $1.47 per share last year.
  • Narrows its 2013 guidance range from $4.20 to $4.45 per share to $4.25 to $4.45 per share.
  • Recognized an adjusted net expense of $22 million, up from $16 million last year.

The Peter Lynch Chart suggests that the company is currently overvalued:

1389043202976.png

As of the close of the third quarter there were eight gurus that held a position in Duke Energy with the largest being:

  1. Brian Rogers (Trades, Portfolio) with 4,681,628 shares, representing 0.66% of the company’s shares outstanding and 1.2% of his total portfolio.
  2. Pioneer Investments (Trades, Portfolio) with 210,888 shares, representing 0.03% of the company’s shares outstanding and 0.06% of their total portfolio.
  3. Dodge & Cox with 25,414 shares, representing 0% of the company’s shares out and less than 0.01% of their total portfolio.

Duke Energy has a market cap of $47.88 billion.  Its shares are currently trading at around $67.82 with a P/E ratio of 20.30, a P/S ratio of 2.00 and a P/B ratio of 1.20.  The dividend yield of Duke Energy is currently at around 4.60%.  The company had an annual average earnings growth of 2.00%.

Check out more information on Duke Energy (DUK) here.

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Guru Discussed: Brian Rogers: Current Portfolio, Stock Picks
Dodge & Cox: Current Portfolio, Stock Picks
Stocks Discussed: DUK,
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