Jaffetilchin Investment Partners LLC bought a new position in Duke Energy Corp (NYSE:DUK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,656 shares of the utilities provider’s stock, valued at approximately $391,000. Jaffetilchin Investment Partners LLC owned approximately 665.19% of Duke Energy at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of DUK. Pinebridge Investments L.P. bought a new position in shares of Duke Energy during the second quarter valued at approximately $500,000. Trust Co. of Virginia VA boosted its stake in shares of Duke Energy by 11.5% during the second quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock valued at $1,129,000 after purchasing an additional 1,392 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Duke Energy by 2,866.0% during the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after purchasing an additional 41,268,968 shares in the last quarter. IBM Retirement Fund boosted its stake in shares of Duke Energy by 122.4% during the second quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock valued at $1,601,000 after purchasing an additional 9,432 shares in the last quarter. Finally, Meridian Wealth Management LLC boosted its stake in shares of Duke Energy by 2.0% during the second quarter. Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider’s stock valued at $448,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 57.34% of the company’s stock.
A number of equities analysts have recently issued reports on DUK shares. BidaskClub upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Friday, September 15th. Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 price objective on shares of Duke Energy in a research note on Tuesday, August 29th. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, Morgan Stanley increased their price objective on shares of Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Two research 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 stock has an average rating of “Hold” and a consensus target price of $86.90.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by company insiders.
Shares of Duke Energy Corp (NYSE DUK) traded up $0.15 on Friday, reaching $88.05. 2,683,537 shares of the company’s stock traded hands, compared to its average volume of 2,550,310. The firm has a market capitalization of $61,527.86, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 4.81 and a beta of 0.26. Duke Energy Corp has a 52 week low of $74.61 and a 52 week high of $91.80. 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 announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. Duke Energy’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.68 earnings per share. research analysts anticipate that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a yield of 4.04%. Duke Energy’s dividend payout ratio (DPR) is 117.49%.
ILLEGAL ACTIVITY NOTICE: This piece was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.dispatchtribunal.com/2017/12/09/jaffetilchin-investment-partners-llc-buys-shares-of-4656-duke-energy-corp-duk.html.
Duke Energy Company Profile
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.
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).
Receive News & Ratings for Duke Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.