Cwm LLC increased its stake in shares of Duke Energy Corp (NYSE:DUK) by 956.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,724 shares of the utilities provider’s stock after acquiring an additional 9,709 shares during the quarter. Cwm LLC’s holdings in Duke Energy were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Boothe Investment Group Inc. bought a new position in Duke Energy during the 2nd quarter worth approximately $420,000. Cornerstone Capital Inc. grew its position in Duke Energy by 6.2% during the 2nd quarter. Cornerstone Capital Inc. now owns 58,289 shares of the utilities provider’s stock worth $4,609,000 after acquiring an additional 3,395 shares during the last quarter. Millennium Management LLC grew its position 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. American Research & Management Co. bought a new position in Duke Energy during the 2nd quarter worth approximately $1,158,000. Finally, ProVise Management Group LLC grew its position in Duke Energy by 1,333.8% during the 2nd quarter. ProVise Management Group LLC now owns 37,050 shares of the utilities provider’s stock worth $2,930,000 after acquiring an additional 34,466 shares during the last quarter. Institutional investors and hedge funds own 58.83% of the company’s stock.
Several equities analysts recently issued reports on the company. Morgan Stanley raised their price target on Duke Energy from $86.00 to $91.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Barclays initiated coverage on Duke Energy in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Scotiabank initiated coverage on Duke Energy in a research report on Tuesday, July 24th. They issued a “buy” rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. upgraded Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 price objective on the stock in a research report on Monday, July 23rd. Finally, Guggenheim reiterated a “buy” rating and issued a $85.00 price objective on shares of Duke Energy in a research report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $84.06.
Shares of DUK stock opened at $82.59 on Friday. The company has a market capitalization of $58.83 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 3.49 and a beta of -0.06. Duke Energy Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.80. 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 (NYSE:DUK) last issued its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.12. The firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.59 billion. Duke Energy had a return on equity of 7.92% and a net margin of 11.52%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $1.59 EPS. Research analysts forecast that Duke Energy Corp will post 4.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be paid a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 15th. Duke Energy’s payout ratio is presently 81.18%.
In other news, COO Dhiaa M. Jamil sold 4,279 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $81.54, for a total value of $348,909.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melissa H. Anderson sold 500 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $81.76, for a total value of $40,880.00. Following the completion of the transaction, the executive vice president now owns 15,096 shares of the company’s stock, valued at approximately $1,234,248.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,779 shares of company stock valued at $956,650. 0.07% of the stock is currently owned by company insiders.
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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