Palladium Partners LLC trimmed its position in shares of Duke Energy Corp (NYSE:DUK) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,881 shares of the utilities provider’s stock after selling 1,337 shares during the period. Palladium Partners LLC’s holdings in Duke Energy were worth $1,540,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in DUK. State Street Corp increased its stake in Duke Energy by 1.1% during the 3rd quarter. State Street Corp now owns 37,751,534 shares of the utilities provider’s stock worth $3,618,862,000 after buying an additional 398,849 shares during the period. Institutional & Family Asset Management LLC grew its stake in shares of Duke Energy by 7.6% in the third quarter. Institutional & Family Asset Management LLC now owns 2,725 shares of the utilities provider’s stock worth $261,000 after acquiring an additional 193 shares in the last quarter. Simon Quick Advisors LLC increased its position in shares of Duke Energy by 30.7% during the fourth quarter. Simon Quick Advisors LLC now owns 814 shares of the utilities provider’s stock worth $74,000 after acquiring an additional 191 shares during the period. Weatherly Asset Management L. P. purchased a new stake in shares of Duke Energy during the fourth quarter worth $254,000. Finally, Redpoint Investment Management Pty Ltd raised its stake in shares of Duke Energy by 23.0% in the third quarter. Redpoint Investment Management Pty Ltd now owns 61,332 shares of the utilities provider’s stock valued at $5,879,000 after acquiring an additional 11,487 shares in the last quarter. Institutional investors own 60.14% of the company’s stock.
A number of research analysts recently issued reports on DUK shares. Evercore ISI reiterated a “hold” rating and issued a $92.00 target price on shares of Duke Energy in a report on Wednesday, December 4th. SunTrust Banks cut their price target on Duke Energy to $90.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Goldman Sachs Group upgraded Duke Energy from a “sell” rating to a “buy” rating and upped their price target for the stock from $88.00 to $93.00 in a report on Wednesday, November 27th. Mizuho initiated coverage on Duke Energy in a research report on Friday, November 22nd. They issued a “neutral” rating and a $90.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on Duke Energy from $99.00 to $103.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Duke Energy currently has a consensus rating of “Hold” and an average price target of $97.42.
Shares of Duke Energy stock traded up $1.18 during trading on Friday, hitting $101.29. 376,954 shares of the stock were exchanged, compared to its average volume of 3,040,950. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.72 and a quick ratio of 0.49. The firm’s 50-day moving average price is $93.73 and its 200 day moving average price is $92.26. The stock has a market cap of $70.15 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 3.84 and a beta of 0.07. Duke Energy Corp has a 12-month low of $84.28 and a 12-month high of $100.39.
Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 13th. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Duke Energy had a return on equity of 8.24% and a net margin of 14.10%. The firm had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. Duke Energy’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, research analysts forecast that Duke Energy Corp will post 5.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 14th will be given a dividend of $0.945 per share. The ex-dividend date is Thursday, February 13th. This represents a $3.78 annualized dividend and a dividend yield of 3.73%. Duke Energy’s dividend payout ratio is currently 80.08%.
Duke Energy Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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