JNBA Financial Advisors boosted its holdings in shares of Duke Energy Corp (NYSE:DUK) by 14,116.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,910 shares of the utilities provider’s stock after acquiring an additional 47,573 shares during the quarter. Duke Energy accounts for about 1.7% of JNBA Financial Advisors’ portfolio, making the stock its 21st largest position. JNBA Financial Advisors’ holdings in Duke Energy were worth $3,834,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of DUK. FMR LLC grew its holdings in Duke Energy by 28.5% during the 2nd quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock worth $365,201,000 after acquiring an additional 1,023,646 shares during the last quarter. PointState Capital LP bought a new stake in Duke Energy during the 2nd quarter worth approximately $49,727,000. Millennium Management LLC grew its holdings in Duke Energy by 23.2% during the 2nd quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock worth $137,648,000 after acquiring an additional 328,285 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Duke Energy by 1.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,740,982 shares of the utilities provider’s stock worth $1,561,116,000 after acquiring an additional 317,835 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Duke Energy by 18.8% during the 2nd quarter. California Public Employees Retirement System now owns 1,985,214 shares of the utilities provider’s stock worth $156,991,000 after acquiring an additional 314,104 shares during the last quarter. 58.83% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on DUK shares. Barclays started coverage on shares of Duke Energy in a report on Tuesday, July 10th. They set an “equal weight” rating and a $86.00 target price on the stock. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Howard Weil initiated coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 price objective on the stock. Wells Fargo & Co upped their price objective on shares of Duke Energy from $86.00 to $89.00 and gave the company a “market perform” rating in a research note on Monday, September 17th. Finally, Scotiabank initiated coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They issued a “buy” rating and a $85.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $84.06.
In related news, EVP Melissa H. Anderson sold 500 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $81.76, for a total transaction of $40,880.00. Following the transaction, the executive vice president now directly owns 15,096 shares of the company’s stock, valued at $1,234,248.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Dhiaa M. Jamil sold 7,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $80.98, for a total transaction of $566,860.00. Following the transaction, the chief operating officer now directly owns 4,279 shares in the company, valued at $346,513.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,779 shares of company stock worth $956,650. 0.07% of the stock is owned by insiders.
NYSE:DUK opened at $82.59 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.66. Duke Energy Corp has a 52 week low of $71.96 and a 52 week high of $91.80. The firm has a market capitalization of $58.86 billion, a PE ratio of 18.07, a PEG ratio of 3.49 and a beta of -0.06.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.12. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The company had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same period in the prior year, the firm posted $1.59 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts forecast that Duke Energy Corp will post 4.7 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be paid a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 15th. Duke Energy’s dividend payout ratio is presently 81.18%.
About Duke Energy
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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