North Star Investment Management Corp. boosted its position in Duke Energy Corp (NYSE:DUK) by 277.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,793 shares of the utilities provider’s stock after buying an additional 4,260 shares during the period. North Star Investment Management Corp.’s holdings in Duke Energy were worth $487,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Trust Co increased its holdings in Duke Energy by 5.3% during the 3rd quarter. Trust Co now owns 15,688 shares of the utilities provider’s stock worth $1,316,000 after purchasing an additional 785 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd increased its holdings in Duke Energy by 327.5% during the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 21,800 shares of the utilities provider’s stock worth $1,834,000 after purchasing an additional 16,700 shares in the last quarter. Lynch & Associates IN increased its holdings in Duke Energy by 6.7% during the 4th quarter. Lynch & Associates IN now owns 29,357 shares of the utilities provider’s stock worth $2,469,000 after purchasing an additional 1,840 shares in the last quarter. Atlantic Trust Group LLC increased its holdings in Duke Energy by 52.5% during the 3rd quarter. Atlantic Trust Group LLC now owns 26,754 shares of the utilities provider’s stock worth $2,244,000 after purchasing an additional 9,213 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Duke Energy by 6.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,862,232 shares of the utilities provider’s stock worth $156,279,000 after purchasing an additional 105,013 shares in the last quarter. 57.26% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction that occurred on 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 at this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
Duke Energy Corp (NYSE DUK) opened at $76.82 on Friday. Duke Energy Corp has a 12 month low of $76.28 and a 12 month high of $91.80. 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 company has a market capitalization of $54,136.11, a P/E ratio of 25.35, a P/E/G ratio of 4.01 and a beta of 0.26.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. Duke Energy’s revenue for the quarter was down 1.4% on a year-over-year basis. equities analysts expect that Duke Energy Corp will post 4.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 annualized dividend and a yield of 4.63%. Duke Energy’s payout ratio is 117.49%.
A number of brokerages have commented on DUK. Citigroup boosted their price objective on Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a report on Tuesday, October 17th. Bank of America reissued a “neutral” rating and set a $92.00 price objective on shares of Duke Energy in a report on Tuesday, October 24th. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. SunTrust Banks set a $78.00 target price on Duke Energy and gave the stock a “hold” rating in a research note on Tuesday. Finally, ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Two equities research 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 currently has a consensus rating of “Hold” and an average price target of $87.19.
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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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