Schroder Investment Management Group reduced its position in Duke Energy Corp (NYSE:DUK) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 278,868 shares of the utilities provider’s stock after selling 18,407 shares during the quarter. Schroder Investment Management Group’s holdings in Duke Energy were worth $23,497,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Winfield Associates Inc. raised its position in Duke Energy by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 165 shares in the last quarter. Nelson Roberts Investment Advisors LLC purchased a new position in Duke Energy in the third quarter worth $112,000. Daiwa SB Investments Ltd. purchased a new position in Duke Energy in the second quarter worth $130,000. AllSquare Wealth Management LLC purchased a new position in Duke Energy in the third quarter worth $155,000. Finally, Camarda Financial Advisors LLC raised its position in Duke Energy by 357.1% in the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after acquiring an additional 1,664 shares in the last quarter. 57.23% of the stock is owned by institutional investors and hedge funds.
DUK has been the subject of several research analyst reports. Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Friday, September 15th. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Royal Bank of Canada reissued a “buy” rating and issued a $87.00 target price on shares of Duke Energy in a report on Tuesday, November 7th. Guggenheim reissued a “buy” rating and issued a $96.00 target price on shares of Duke Energy in a report on Wednesday, January 3rd. Finally, Morgan Stanley upped their target price on Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Two 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 stock. The company has a consensus rating of “Hold” and a consensus price target of $87.48.
Shares of Duke Energy Corp (NYSE:DUK) traded down $0.84 during trading hours on Thursday, reaching $79.28. The company’s stock had a trading volume of 4,090,000 shares, compared to its average volume of 2,840,000. 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 Corp has a 12-month low of $76.25 and a 12-month high of $91.80. The firm has a market cap of $55,490.00, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 4.24 and a beta of 0.26.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $1.68 EPS. equities analysts predict that Duke Energy Corp will post 4.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be issued 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 4.49%. Duke Energy’s dividend payout ratio (DPR) is 93.44%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was 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 SEC, which is available through the SEC website. Company insiders own 0.07% of the company’s stock.
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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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