McKinley Carter Wealth Services Inc. purchased a new stake in shares of Duke Energy Corp (NYSE:DUK) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,075 shares of the utilities provider’s stock, valued at approximately $258,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of DUK. Financial Advisory Service Inc. boosted its holdings in shares of Duke Energy by 0.3% during the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 17 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of Duke Energy by 0.7% during the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 18 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Duke Energy by 0.3% during the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock worth $594,000 after purchasing an additional 19 shares during the period. Accredited Investors Inc. boosted its holdings in shares of Duke Energy by 0.7% during the second quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 19 shares during the period. Finally, Hudock Capital Group LLC boosted its holdings in shares of Duke Energy by 0.3% during the second quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock worth $699,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 57.34% of the company’s stock.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is owned by corporate insiders.
DUK has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Bank of America reiterated a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of Duke Energy in a report on Friday, September 1st. Citigroup increased their target price on shares of Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley increased their target price on shares of Duke Energy from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $86.90.
Duke Energy Corp (NYSE:DUK) traded down $0.58 during mid-day trading on Tuesday, reaching $88.04. 406,906 shares of the company were exchanged, compared to its average volume of 2,591,843. Duke Energy Corp has a 12 month low of $72.34 and a 12 month high of $91.80. The company has a market capitalization of $62,108.84, a P/E ratio of 19.94, a P/E/G ratio of 4.85 and a beta of 0.26. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the prior year, the firm earned $1.68 earnings per share. Duke Energy’s revenue was down 1.4% on a year-over-year basis. equities research analysts anticipate that Duke Energy Corp will post 4.56 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, November 16th. Duke Energy’s payout ratio is currently 117.49%.
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About Duke Energy
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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