Toronto Dominion Bank increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 10.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 292,932 shares of the utilities provider’s stock after acquiring an additional 28,302 shares during the quarter. Toronto Dominion Bank’s holdings in Duke Energy were worth $24,582,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Duke Energy by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock valued at $4,183,115,000 after purchasing an additional 1,572,216 shares during the last quarter. BlackRock Inc. boosted its holdings in Duke Energy by 1.2% in the 2nd quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after purchasing an additional 506,596 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in Duke Energy by 1.5% in the 2nd quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock valued at $791,919,000 after purchasing an additional 141,551 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Duke Energy by 33.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after purchasing an additional 2,345,114 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Duke Energy by 0.9% in the 2nd quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock valued at $757,629,000 after purchasing an additional 84,730 shares during the last quarter. Hedge funds and other institutional investors own 57.34% of the company’s stock.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the company’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 transaction of $449,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.
A number of equities research analysts have recently issued reports on DUK shares. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Wolfe Research raised shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Royal Bank of Canada reissued a “buy” rating and issued a $87.00 price target on shares of Duke Energy in a research note on Tuesday, November 7th. SunTrust Banks reissued a “hold” rating and issued a $90.00 price target on shares of Duke Energy in a research note on Monday, November 6th. Finally, Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $86.90.
Shares of Duke Energy Corp (NYSE DUK) opened at $88.37 on Tuesday. Duke Energy Corp has a 52 week low of $74.95 and a 52 week high of $91.80. The firm has a market cap of $61,632.85, a P/E ratio of 19.79, a P/E/G ratio of 4.82 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 announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the 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 firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the prior year, the firm earned $1.68 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. analysts predict that Duke Energy Corp will post 4.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy’s payout ratio is currently 117.49%.
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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.
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