Sound Income Strategies LLC lifted its position in Duke Energy Corp (NYSE:DUK) by 172.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,182 shares of the utilities provider’s stock after purchasing an additional 1,381 shares during the quarter. Sound Income Strategies LLC’s holdings in Duke Energy were worth $188,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of DUK. United Bank boosted its holdings in shares of Duke Energy by 5.7% in the 2nd quarter. United Bank now owns 23,373 shares of the utilities provider’s stock worth $1,848,000 after purchasing an additional 1,255 shares in the last quarter. FMR LLC boosted 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 valued at $365,201,000 after acquiring an additional 1,023,646 shares during the period. Natixis purchased a new stake in Duke Energy during the 2nd quarter valued at about $3,868,000. Point72 Hong Kong Ltd purchased a new stake in Duke Energy during the 2nd quarter valued at about $140,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in Duke Energy by 1,349.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,467 shares of the utilities provider’s stock valued at $2,014,000 after acquiring an additional 23,710 shares during the period. Hedge funds and other institutional investors own 59.40% of the company’s stock.
Several equities research analysts recently weighed in on the company. Bank of America cut Duke Energy from a “buy” rating to a “neutral” rating and dropped their target price for the company from $88.00 to $87.00 in a report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Barclays increased their target price on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a report on Monday, November 19th. Finally, Wells Fargo & Co dropped their target price on Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a report on Monday, November 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $85.25.
DUK traded down $0.91 during midday trading on Friday, reaching $84.36. 102,268 shares of the company’s stock traded hands, compared to its average volume of 3,237,393. The firm has a market capitalization of $60.46 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 3.40 and a beta of 0.04. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.46. Duke Energy Corp has a 52 week low of $71.96 and a 52 week high of $91.35.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12. The business had revenue of $6.63 billion during the quarter, compared to analyst estimates of $6.59 billion. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. Duke Energy’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 EPS. As a group, sell-side analysts expect that Duke Energy Corp will post 4.74 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 15th will be given a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Thursday, February 14th. Duke Energy’s payout ratio is 81.18%.
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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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