Dorsey & Whitney Trust CO LLC decreased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 33.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,523 shares of the utilities provider’s stock after selling 1,789 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Duke Energy were worth $296,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Duke Energy by 1.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,682,716 shares of the utilities provider’s stock worth $141,214,000 after acquiring an additional 23,578 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in Duke Energy by 7.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 90,283 shares of the utilities provider’s stock worth $7,571,000 after acquiring an additional 6,582 shares during the last quarter. Grove Bank & Trust boosted its stake in Duke Energy by 5.4% during the 3rd quarter. Grove Bank & Trust now owns 14,259 shares of the utilities provider’s stock worth $1,197,000 after acquiring an additional 734 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Duke Energy by 3.4% during the 3rd quarter. Wells Fargo & Company MN now owns 3,424,387 shares of the utilities provider’s stock worth $287,373,000 after acquiring an additional 113,259 shares during the last quarter. Finally, Zeke Capital Advisors LLC boosted its stake in Duke Energy by 138.3% during the 3rd quarter. Zeke Capital Advisors LLC now owns 10,070 shares of the utilities provider’s stock worth $845,000 after acquiring an additional 5,844 shares during the last quarter. Institutional investors own 57.23% of the company’s stock.
Several research analysts recently weighed in on the stock. 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. SunTrust Banks reissued a “hold” rating and set a $90.00 price objective on shares of Duke Energy in a research note on Monday, November 6th. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Royal Bank of Canada reaffirmed 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 assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $87.48.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.07% of the company’s stock.
Shares of Duke Energy Corp (NYSE:DUK) traded down $0.38 during mid-day trading on Friday, hitting $78.90. 3,211,130 shares of the stock were exchanged, compared to its average volume of 2,582,735. 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 company has a market capitalization of $55,494.06, a price-to-earnings ratio of 26.04, a PEG ratio of 4.10 and a beta of 0.26. Duke Energy Corp has a twelve month low of $76.28 and a twelve month high of $91.80.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. The business had revenue of $6.48 billion for the quarter, compared to analyst estimates 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 for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 earnings per share. equities analysts predict that Duke Energy Corp will post 4.56 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio is presently 117.49%.
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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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