First Quadrant L P CA cut its stake in shares of Duke Energy Corp (NYSE:DUK) by 60.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,700 shares of the utilities provider’s stock after selling 5,766 shares during the quarter. First Quadrant L P CA’s holdings in Duke Energy were worth $311,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of DUK. Winfield Associates Inc. increased its holdings in Duke Energy by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after buying an additional 165 shares in the last quarter. Daiwa SB Investments Ltd. bought a new stake in shares of Duke Energy during the 2nd quarter valued at about $130,000. Jacobi Capital Management LLC grew its stake in shares of Duke Energy by 104.1% during the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after purchasing an additional 1,010 shares during the period. Camarda Financial Advisors LLC grew its stake in shares of Duke Energy by 357.1% during the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 1,664 shares during the period. Finally, Westwood Holdings Group Inc. purchased a new position in shares of Duke Energy during the 2nd quarter valued at about $181,000. Hedge funds and other institutional investors own 57.34% of the company’s stock.
Duke Energy Corp (NYSE:DUK) opened at $87.84 on Friday. The company has a market capitalization of $61,475.39, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 4.80 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. Duke Energy Corp has a 12-month low of $75.78 and a 12-month high of $91.80.
Duke Energy (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the prior year, the business earned $1.68 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities research analysts expect that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Thursday, November 16th. Duke Energy’s dividend payout ratio (DPR) is currently 117.49%.
A number of research analysts have recently weighed in on DUK shares. BidaskClub raised Duke Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $87.00 price target on shares of Duke Energy in a report on Tuesday, August 29th. KeyCorp reissued a “hold” rating on shares of Duke Energy in a report on Friday, September 1st. Finally, Morgan Stanley boosted their price target on 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 issued a hold rating and four have given a buy rating to the company’s stock. Duke Energy has a consensus rating of “Hold” and an average price target of $87.21.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.07% of the company’s stock.
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Duke Energy 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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