Old Mutual Global Investors UK Ltd. trimmed its stake in shares of Duke Energy Corp (NYSE:DUK) by 24.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,853 shares of the utilities provider’s stock after selling 1,278 shares during the quarter. Old Mutual Global Investors UK Ltd.’s holdings in Duke Energy were worth $323,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Duke Energy by 4.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 110,829 shares of the utilities provider’s stock worth $9,301,000 after buying an additional 4,223 shares during the last quarter. Lincoln National Corp lifted its position in shares of Duke Energy by 18.2% during the 3rd quarter. Lincoln National Corp now owns 7,184 shares of the utilities provider’s stock worth $603,000 after buying an additional 1,108 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in shares of Duke Energy by 22.2% during the 3rd quarter. ST Germain D J Co. Inc. now owns 5,691 shares of the utilities provider’s stock worth $478,000 after buying an additional 1,033 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of Duke Energy by 2.9% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 25,903 shares of the utilities provider’s stock worth $2,174,000 after buying an additional 719 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Duke Energy by 0.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 1,036,496 shares of the utilities provider’s stock worth $86,983,000 after buying an additional 3,110 shares during the last quarter. Hedge funds and other institutional investors own 57.34% of the company’s stock.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is owned by corporate insiders.
Duke Energy Corp (NYSE:DUK) opened at $88.26 on Wednesday. Duke Energy Corp has a fifty-two week low of $73.50 and a fifty-two week high of $91.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The stock has a market capitalization of $62,031.84, a PE ratio of 19.92, a price-to-earnings-growth ratio of 4.85 and a beta of 0.26.
Duke Energy (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities analysts forecast that Duke Energy Corp will post 4.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.03%. Duke Energy’s payout ratio is presently 117.49%.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Bank of America restated a “neutral” rating and set a $92.00 price objective on shares of Duke Energy in a research report on Tuesday, October 24th. SunTrust Banks restated a “hold” rating and set a $88.00 price objective on shares of Duke Energy in a research report on Thursday, October 12th. Morgan Stanley upped their price objective on Duke Energy from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $87.00 price objective on shares of Duke Energy in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.90.
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About Duke Energy
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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