Captrust Financial Advisors bought a new position in shares of Duke Energy Corp (NYSE:DUK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 72,064 shares of the utilities provider’s stock, valued at approximately $6,061,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Duke Energy by 0.9% during the fourth quarter. BlackRock Inc. now owns 45,499,220 shares of the utilities provider’s stock worth $3,826,940,000 after acquiring an additional 424,604 shares during the last quarter. Geode Capital Management LLC boosted its position in Duke Energy by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 7,495,715 shares of the utilities provider’s stock worth $629,156,000 after acquiring an additional 165,972 shares during the last quarter. Deutsche Bank AG boosted its position in Duke Energy by 1.2% during the fourth quarter. Deutsche Bank AG now owns 6,427,804 shares of the utilities provider’s stock worth $540,637,000 after acquiring an additional 78,580 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Duke Energy by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock valued at $422,872,000 after purchasing an additional 164,381 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Duke Energy by 69.3% in the 4th quarter. Renaissance Technologies LLC now owns 4,302,017 shares of the utilities provider’s stock valued at $361,843,000 after purchasing an additional 1,760,350 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.
In other news, COO Dhiaa M. Jamil sold 500 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total value of $44,540.00. Following the transaction, the chief operating officer now owns 34,115 shares of the company’s stock, valued at approximately $3,038,964.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.
Duke Energy Corp (NYSE DUK) opened at $76.13 on Monday. Duke Energy Corp has a one year low of $72.93 and a one year high of $91.80. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The company has a market cap of $53,298.05, a price-to-earnings ratio of 17.46, a PEG ratio of 4.38 and a beta of 0.15.
Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. sell-side analysts forecast that Duke Energy Corp will post 4.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio is presently 81.65%.
DUK has been the topic of a number of research analyst reports. Guggenheim reiterated a “buy” rating and issued a $96.00 price target on shares of Duke Energy in a report on Wednesday, January 3rd. Goldman Sachs Group lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and lifted their price target for the company from $80.11 to $88.00 in a report on Wednesday, January 10th. Credit Suisse Group upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $91.00 to $83.00 in a report on Tuesday, January 23rd. SunTrust Banks set a $82.00 price target on shares of Duke Energy and gave the company a “hold” rating in a report on Wednesday, January 3rd. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $82.00 price target (down previously from $92.00) on shares of Duke Energy in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $86.33.
TRADEMARK VIOLATION NOTICE: “72,064 Shares in Duke Energy Corp (DUK) Purchased by Captrust Financial Advisors” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/03/12/72064-shares-in-duke-energy-corp-duk-purchased-by-captrust-financial-advisors.html.
Duke Energy Company 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.
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.