Point72 Asset Management L.P. bought a new position in shares of Duke Energy Corp (NYSE:DUK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,600 shares of the utilities provider’s stock, valued at approximately $1,813,000.
A number of other institutional investors have also recently bought and sold shares of DUK. Vanguard Group Inc. boosted its stake in shares of 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 in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Duke Energy by 575.7% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the utilities provider’s stock valued at $81,984,000 after buying an additional 814,210 shares during the period. Epoch Investment Partners Inc. boosted its position in Duke Energy by 16.6% during the 1st quarter. Epoch Investment Partners Inc. now owns 5,225,916 shares of the utilities provider’s stock valued at $428,577,000 after buying an additional 743,146 shares during the period. Janus Henderson Group PLC boosted its position in Duke Energy by 259.9% during the 2nd quarter. Janus Henderson Group PLC now owns 830,534 shares of the utilities provider’s stock valued at $69,425,000 after buying an additional 599,761 shares during the period. Finally, BlackRock Inc. boosted its position in Duke Energy by 1.2% during the 2nd quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after buying an additional 506,596 shares during the period. 57.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Duke Energy Corp (NYSE:DUK) opened at $79.28 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The stock has a market cap of $55,490.00, a PE ratio of 20.81, a PEG ratio of 4.24 and a beta of 0.26. Duke Energy Corp has a 1-year low of $76.28 and a 1-year high of $91.80.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data 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. The company had revenue of $6.48 billion for 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%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 earnings per share. sell-side analysts forecast that Duke Energy Corp will post 4.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s payout ratio is 93.44%.
In related 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.07% of the company’s stock.
Several brokerages have weighed in on DUK. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Wolfe Research raised shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. SunTrust Banks reaffirmed a “hold” rating and issued a $90.00 target price on shares of Duke Energy in a research report on Monday, November 6th. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $87.00 price target on shares of Duke Energy in a research note on Tuesday, November 7th. Two investment 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 company has a consensus rating of “Hold” and a consensus target price of $87.48.
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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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