Financial Counselors Inc. lowered its position in shares of Duke Energy Corp (NYSE:DUK) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,036 shares of the utilities provider’s stock after selling 349 shares during the quarter. Financial Counselors Inc.’s holdings in Duke Energy were worth $12,333,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in DUK. Vanguard Group Inc lifted its holdings in Duke Energy by 2.9% in the third quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock valued at $4,355,880,000 after acquiring an additional 1,539,841 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Duke Energy during the fourth quarter worth $955,000. Community Bank N.A. lifted its stake in Duke Energy by 8.8% during the fourth quarter. Community Bank N.A. now owns 5,672 shares of the utilities provider’s stock worth $489,000 after purchasing an additional 458 shares in the last quarter. MAI Capital Management lifted its stake in Duke Energy by 16.4% during the fourth quarter. MAI Capital Management now owns 7,754 shares of the utilities provider’s stock worth $669,000 after purchasing an additional 1,092 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its stake in Duke Energy by 2.6% during the fourth quarter. Wetherby Asset Management Inc. now owns 7,626 shares of the utilities provider’s stock worth $658,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 60.16% of the company’s stock.
DUK has been the topic of a number of research reports. Bank of America upped their price target on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, March 11th. ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Morgan Stanley upped their price target on Duke Energy from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. set a $90.00 price target on Duke Energy and gave the stock a “hold” rating in a research note on Monday, May 20th. Finally, Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $89.10.
In other news, EVP Lloyd M. Yates sold 5,117 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total value of $451,319.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Marie Mckee sold 1,781 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $87.37, for a total transaction of $155,605.97. Following the completion of the sale, the director now directly owns 1 shares of the company’s stock, valued at approximately $87.37. The disclosure for this sale can be found here. Insiders sold a total of 8,598 shares of company stock worth $752,989 in the last quarter. 0.09% of the stock is currently owned by company insiders.
NYSE:DUK traded down $2.14 during mid-day trading on Wednesday, reaching $87.98. The stock had a trading volume of 3,164,307 shares, compared to its average volume of 3,335,022. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 1.25. The firm’s 50 day moving average price is $87.47. Duke Energy Corp has a twelve month low of $77.90 and a twelve month high of $91.67. The stock has a market cap of $64.90 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 3.78 and a beta of 0.13.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.03. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same quarter last year, the business earned $1.28 EPS. Duke Energy’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts forecast that Duke Energy Corp will post 4.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were issued a $0.9275 dividend. The ex-dividend date was Thursday, May 16th. This represents a $3.71 dividend on an annualized basis and a yield of 4.22%. Duke Energy’s dividend payout ratio is currently 78.60%.
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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