First Personal Financial Services cut its stake in Duke Energy Corp (NYSE:DUK) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,809 shares of the utilities provider’s stock after selling 975 shares during the quarter. First Personal Financial Services’ holdings in Duke Energy were worth $1,265,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in DUK. Gulf International Bank UK Ltd boosted its holdings in shares of Duke Energy by 4.6% in the second quarter. Gulf International Bank UK Ltd now owns 230,471 shares of the utilities provider’s stock worth $18,225,000 after buying an additional 10,106 shares during the last quarter. DnB Asset Management AS boosted its holdings in shares of Duke Energy by 2.2% in the second quarter. DnB Asset Management AS now owns 37,400 shares of the utilities provider’s stock worth $2,958,000 after buying an additional 800 shares during the last quarter. Vision Capital Management Inc. purchased a new position in shares of Duke Energy in the second quarter worth approximately $214,000. Community Bank & Trust Waco Texas boosted its holdings in shares of Duke Energy by 59.0% in the second quarter. Community Bank & Trust Waco Texas now owns 7,400 shares of the utilities provider’s stock worth $585,000 after buying an additional 2,745 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in shares of Duke Energy by 45.5% in the second quarter. IFM Investors Pty Ltd now owns 31,893 shares of the utilities provider’s stock worth $2,522,000 after buying an additional 9,967 shares during the last quarter. Hedge funds and other institutional investors own 58.83% of the company’s stock.
Several equities analysts have weighed in on the stock. Barclays assumed coverage on shares of Duke Energy in a report on Tuesday, July 10th. They set an “equal weight” rating and a $86.00 price target on the stock. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Morgan Stanley lifted their price target on shares of Duke Energy from $79.00 to $86.00 and gave the company an “equal weight” rating in a report on Monday, July 16th. Citigroup raised shares of Duke Energy from a “sell” rating to a “neutral” rating and set a $77.00 price target on the stock in a report on Friday, July 20th. Finally, JPMorgan Chase & Co. raised shares of Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 price target on the stock in a report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $84.06.
Shares of NYSE:DUK opened at $82.59 on Friday. The company has a market cap of $58.86 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 3.49 and a beta of -0.06. The company has a current ratio of 0.66, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.80.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.12. The firm had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.59 billion. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 earnings per share. On average, equities research analysts predict that Duke Energy Corp will post 4.7 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be given a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Thursday, November 15th. Duke Energy’s payout ratio is currently 81.18%.
In other news, COO Dhiaa M. Jamil sold 7,000 shares of Duke Energy stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $80.98, for a total transaction of $566,860.00. Following the sale, the chief operating officer now owns 4,279 shares in the company, valued at $346,513.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Dhiaa M. Jamil sold 4,279 shares of Duke Energy stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total transaction of $348,909.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,779 shares of company stock worth $956,650. Company insiders own 0.07% of the company’s stock.
Duke Energy Company 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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