Lynch & Associates IN lifted its stake in Duke Energy Corp (NYSE:DUK) by 6.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,357 shares of the utilities provider’s stock after purchasing an additional 1,840 shares during the period. Lynch & Associates IN’s holdings in Duke Energy were worth $2,469,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of DUK. Winfield Associates Inc. grew its holdings in shares of Duke Energy by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after buying an additional 165 shares during the last quarter. Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Duke Energy during the third quarter worth about $112,000. Daiwa SB Investments Ltd. purchased a new stake in shares of Duke Energy during the second quarter worth about $130,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Duke Energy during the third quarter worth about $131,000. Finally, AllSquare Wealth Management LLC purchased a new stake in shares of Duke Energy during the third quarter worth about $155,000. Institutional investors and hedge funds own 57.23% of the company’s stock.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by company insiders.
Duke Energy Corp (NYSE DUK) traded down $1.03 during mid-day trading on Thursday, reaching $79.09. 2,730,000 shares of the company’s stock were exchanged, compared to its average volume of 2,840,000. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $55,360.00, a price-to-earnings ratio of 20.76, a PEG ratio of 4.24 and a beta of 0.26. Duke Energy Corp has a 52 week low of $76.25 and a 52 week high of $91.80.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the firm earned $1.68 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. analysts forecast that Duke Energy Corp will post 4.56 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a $0.89 dividend. The ex-dividend date is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.50%. Duke Energy’s dividend payout ratio (DPR) is presently 93.44%.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. SunTrust Banks set a $82.00 price objective on shares of Duke Energy and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Bank of America restated a “neutral” rating and issued a $92.00 target price on shares of Duke Energy in a research note on Tuesday, October 24th. Wolfe Research upgraded shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Duke Energy from $83.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $87.48.
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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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