Cetera Investment Advisers lessened its holdings in Duke Energy (NYSE:DUK) by 10.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,979 shares of the utilities provider’s stock after selling 715 shares during the period. Cetera Investment Advisers’ holdings in Duke Energy were worth $463,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in DUK. Truewealth LLC bought a new stake in Duke Energy in the fourth quarter worth $102,000. Atwood & Palmer Inc. increased its position in Duke Energy by 434.9% during the first quarter. Atwood & Palmer Inc. now owns 1,348 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 1,096 shares during the last quarter. Global Trust Asset Management LLC bought a new position in Duke Energy during the fourth quarter valued at $115,000. Centersquare Investment Management LLC bought a new position in Duke Energy during the first quarter valued at $122,000. Finally, Prime Capital Investment Advisors LLC bought a new position in Duke Energy during the fourth quarter valued at $140,000. Institutional investors own 59.09% of the company’s stock.
A number of research analysts have weighed in on DUK shares. Deutsche Bank upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $77.22 to $86.00 in a research report on Monday, February 26th. UBS started coverage on shares of Duke Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $91.00 price objective on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $91.00 price objective on shares of Duke Energy in a research report on Thursday, February 1st. Guggenheim reiterated a “buy” rating and set a $82.00 price objective on shares of Duke Energy in a research report on Friday, February 23rd. Finally, Morgan Stanley cut their price objective on shares of Duke Energy from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 13th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $84.29.
In other news, Director E Marie Mckee sold 2,006 shares of the business’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $77.49, for a total transaction of $155,444.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Dhiaa M. Jamil sold 3,800 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $76.98, for a total transaction of $292,524.00. The disclosure for this sale can be found here. Insiders have sold 5,894 shares of company stock valued at $454,703 over the last three months. Insiders own 0.08% of the company’s stock.
Shares of DUK opened at $74.07 on Wednesday. The firm has a market cap of $51.65 billion, a PE ratio of 15.29, a P/E/G ratio of 4.01 and a beta of 0.10. Duke Energy has a 12-month low of $72.93 and a 12-month high of $91.80. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, May 10th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.14. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.76 billion. Duke Energy had a net margin of 12.33% and a return on equity of 8.10%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 earnings per share. analysts predict that Duke Energy will post 4.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Friday, May 18th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Thursday, May 17th. Duke Energy’s dividend payout ratio is currently 77.90%.
Duke Energy Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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