Johnson Financial Group Inc. boosted its holdings in shares of Duke Energy Corp (NYSE:DUK) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,749 shares of the utilities provider’s stock after acquiring an additional 1,868 shares during the quarter. Johnson Financial Group Inc.’s holdings in Duke Energy were worth $1,825,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of DUK. BlackRock Inc. increased its stake in Duke Energy by 2,866.0% during the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after acquiring an additional 41,268,968 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Duke Energy by 33.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock worth $772,704,000 after acquiring an additional 2,345,114 shares during the last quarter. Vanguard Group Inc. increased its stake in Duke Energy by 4.1% during the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock worth $3,975,109,000 after acquiring an additional 1,918,598 shares during the last quarter. Morgan Stanley increased its stake in Duke Energy by 25.1% during the first quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock worth $402,605,000 after acquiring an additional 986,456 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in Duke Energy by 575.7% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the utilities provider’s stock worth $81,984,000 after acquiring an additional 814,210 shares during the last quarter. 57.23% of the stock is owned by institutional investors.
DUK has been the subject of several recent analyst reports. Guggenheim reissued a “buy” rating and set a $96.00 target price on shares of Duke Energy in a research note on Wednesday, January 3rd. SunTrust Banks reaffirmed a “hold” rating and issued a $87.00 price objective on shares of Duke Energy in a research note on Wednesday, October 4th. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Friday, September 15th. Finally, Goldman Sachs Group cut Duke Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $80.11 to $88.00 in a research note on Wednesday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $87.48.
In related news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.07% of the company’s stock.
Duke Energy Corp (NYSE DUK) traded down $0.38 during trading hours on Friday, reaching $78.90. The company had a trading volume of 3,211,356 shares, compared to its average volume of 2,880,000. The stock has a market capitalization of $55,230.00, a price-to-earnings ratio of 20.71, a PEG ratio of 4.24 and a beta of 0.26. Duke Energy Corp has a 52-week low of $76.28 and a 52-week high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71.
Duke Energy (NYSE:DUK) last released its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ 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%. Duke Energy’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $1.68 earnings per share. equities analysts anticipate that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a yield of 4.51%. Duke Energy’s dividend payout ratio (DPR) is presently 93.44%.
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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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