North Star Investment Management Corp. boosted its stake in shares of Duke Energy Corp (NYSE:DUK) by 277.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,793 shares of the utilities provider’s stock after acquiring an additional 4,260 shares during the quarter. North Star Investment Management Corp.’s holdings in Duke Energy were worth $487,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in DUK. Pinebridge Investments L.P. purchased a new stake in Duke Energy during the second quarter worth $500,000. Trust Co. of Virginia VA increased its position in shares of Duke Energy by 11.5% during the second quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock worth $1,129,000 after purchasing an additional 1,392 shares in the last quarter. BB&T Investment Services Inc. increased its position in shares of Duke Energy by 12.8% during the third quarter. BB&T Investment Services Inc. now owns 16,991 shares of the utilities provider’s stock worth $1,424,000 after purchasing an additional 1,923 shares in the last quarter. Sei Investments Co. increased its position in shares of Duke Energy by 26.4% during the third quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock worth $12,790,000 after purchasing an additional 31,789 shares in the last quarter. Finally, Iberiabank Corp increased its position in shares of Duke Energy by 3.6% during the third quarter. Iberiabank Corp now owns 65,328 shares of the utilities provider’s stock worth $5,487,000 after purchasing an additional 2,297 shares in the last quarter. 57.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Duke Energy Corp (NYSE:DUK) traded down $0.31 during midday trading on Friday, hitting $76.53. 4,235,793 shares of the stock were exchanged, compared to its average volume of 3,400,000. The firm has a market cap of $53,570.00, a P/E ratio of 20.09, a P/E/G ratio of 3.97 and a beta of 0.12. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. Duke Energy Corp has a fifty-two week low of $76.28 and a fifty-two week high of $91.80.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 the consensus estimate of $7.43 billion. During the same quarter last year, the firm earned $1.68 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. equities research analysts forecast that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The business also recently announced 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. The ex-dividend date is Thursday, February 15th. This represents a $3.56 annualized dividend and a yield of 4.65%. Duke Energy’s dividend payout ratio (DPR) is presently 93.44%.
In related news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy 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 Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is currently owned by company insiders.
Several research firms recently issued reports on DUK. Citigroup upped their target price on Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. Bank of America reissued a “neutral” rating and issued a $92.00 target price on shares of Duke Energy in a research report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $91.00 price target on shares of Duke Energy in a research report on Thursday. UBS Group started coverage on Duke Energy in a research report on Friday. They set a “buy” rating and a $91.00 price target on the stock. Finally, Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $87.91.
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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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