State of Wisconsin Investment Board grew its stake in shares of Duke Energy Corp (NYSE:DUK) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 989,934 shares of the utilities provider’s stock after acquiring an additional 1,249 shares during the quarter. State of Wisconsin Investment Board owned about 0.14% of Duke Energy worth $83,263,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Shoker Investment Counsel Inc. boosted its position in Duke Energy by 0.6% in the second quarter. Shoker Investment Counsel Inc. now owns 4,512 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 28 shares during the last quarter. Laurel Wealth Advisors Inc. lifted its position in shares of Duke Energy by 0.3% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 12,643 shares of the utilities provider’s stock valued at $1,056,000 after buying an additional 32 shares in the last quarter. South Texas Money Management Ltd. lifted its position in shares of Duke Energy by 1.1% during the 2nd quarter. South Texas Money Management Ltd. now owns 3,346 shares of the utilities provider’s stock valued at $280,000 after buying an additional 36 shares in the last quarter. Fairfield Bush & CO. lifted its position in shares of Duke Energy by 1.2% during the 2nd quarter. Fairfield Bush & CO. now owns 6,333 shares of the utilities provider’s stock valued at $529,000 after buying an additional 75 shares in the last quarter. Finally, First City Capital Management Inc. lifted its position in shares of Duke Energy by 0.4% during the 2nd quarter. First City Capital Management Inc. now owns 20,589 shares of the utilities provider’s stock valued at $1,721,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 57.18% of the company’s stock.
Duke Energy Corp (NYSE DUK) traded up $1.68 on Friday, reaching $77.22. The company had a trading volume of 2,838,867 shares, compared to its average volume of 4,420,000. Duke Energy Corp has a one year low of $72.93 and a one year high of $91.80. The company has a current ratio of 0.68, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The stock has a market cap of $54,050.00, a PE ratio of 21.33, a P/E/G ratio of 4.32 and a beta of 0.12.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the previous year, the business earned $0.81 EPS. Duke Energy’s revenue was up 4.1% compared to the same quarter last year. sell-side analysts anticipate that Duke Energy Corp will post 4.73 EPS for the current fiscal 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 dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s payout ratio is currently 98.34%.
Several analysts recently issued reports on the company. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Wolfe Research raised 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 target price on shares of Duke Energy in a research note on Monday, November 6th. Zacks Investment Research raised 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 objective 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 five have issued a buy rating to the stock. Duke Energy currently has an average rating of “Hold” and an average price target of $86.86.
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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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