Essex Financial Services Inc. cut its position in shares of Duke Energy Corp (NYSE:DUK) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,502 shares of the utilities provider’s stock after selling 1,246 shares during the quarter. Essex Financial Services Inc.’s holdings in Duke Energy were worth $1,217,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of DUK. Financial Advisory Service Inc. raised its holdings in shares of Duke Energy by 0.3% in the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock worth $562,000 after acquiring an additional 17 shares during the last quarter. Valley National Advisers Inc. raised its holdings in shares of Duke Energy by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after acquiring an additional 18 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Duke Energy by 0.3% in the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock worth $594,000 after acquiring an additional 19 shares during the last quarter. Accredited Investors Inc. raised its holdings in shares of Duke Energy by 0.7% in the second quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock worth $235,000 after acquiring an additional 19 shares during the last quarter. Finally, Hudock Capital Group LLC raised its holdings in shares of Duke Energy by 0.3% in the second quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock worth $699,000 after acquiring an additional 24 shares during the last quarter. 57.34% of the stock is owned by hedge funds and other institutional investors.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by insiders.
Duke Energy Corp (DUK) opened at $88.05 on Friday. The company has a market capitalization of $61,632.89, a price-to-earnings ratio of 19.79, a P/E/G ratio of 4.82 and a beta of 0.26. Duke Energy Corp has a 12 month low of $74.61 and a 12 month 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.
Duke Energy (NYSE:DUK) last released its earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 earnings per share. equities analysts predict that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy’s dividend payout ratio (DPR) is presently 117.49%.
DUK has been the subject of a number of analyst reports. Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Citigroup boosted their price target on Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a report on Tuesday, October 17th. BidaskClub raised Duke Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. KeyCorp reissued a “hold” rating on shares of Duke Energy in a report on Friday, September 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 price target on shares of Duke Energy in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $86.90.
Duke Energy Company Profile
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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