Louisiana State Employees Retirement System decreased its position in Duke Energy Corp (NYSE:DUK) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,400 shares of the utilities provider’s stock after selling 1,300 shares during the period. Louisiana State Employees Retirement System’s holdings in Duke Energy were worth $3,566,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Nelson Roberts Investment Advisors LLC purchased a new stake in Duke Energy in the 3rd quarter valued at about $112,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Duke Energy during the 3rd quarter worth approximately $131,000. Acropolis Investment Management LLC purchased a new stake in shares of Duke Energy during the 4th quarter worth approximately $131,000. AllSquare Wealth Management LLC purchased a new stake in shares of Duke Energy during the 3rd quarter worth approximately $155,000. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Duke Energy during the 2nd quarter worth approximately $181,000. Hedge funds and other institutional investors own 57.26% of the company’s stock.
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 shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.07% of the stock is currently owned by insiders.
A number of research analysts recently weighed in on DUK shares. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. SunTrust Banks set a $82.00 price objective on shares of Duke Energy and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Bank of America reaffirmed a “neutral” rating and set a $92.00 price objective on shares of Duke Energy in a report on Tuesday, October 24th. Wolfe Research raised shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $83.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Two investment 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. Duke Energy currently has a consensus rating of “Hold” and a consensus target price of $87.48.
Duke Energy Corp (NYSE DUK) traded down $0.38 during mid-day trading on Tuesday, hitting $78.90. 3,211,300 shares of the company’s stock were exchanged, compared to its average volume of 3,225,344. Duke Energy Corp has a 12-month low of $76.28 and a 12-month high of $91.80. The stock has a market capitalization of $55,060.00, a PE ratio of 20.71, a price-to-earnings-growth ratio of 4.08 and a beta of 0.26. 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 quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. research analysts expect that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s payout ratio is 93.44%.
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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