Ingalls & Snyder LLC lessened its stake in shares of Duke Energy Corp (NYSE:DUK) by 10.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,726 shares of the utilities provider’s stock after selling 3,650 shares during the period. Ingalls & Snyder LLC’s holdings in Duke Energy were worth $2,584,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. bought a new position in shares of Duke Energy during the 2nd quarter valued at about $500,000. Trust Co. of Virginia VA lifted its holdings in shares of Duke Energy by 11.5% in the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock valued at $1,129,000 after acquiring an additional 1,392 shares during the last quarter. BB&T Investment Services Inc. lifted its holdings in shares of Duke Energy by 12.8% in the 3rd quarter. BB&T Investment Services Inc. now owns 16,991 shares of the utilities provider’s stock valued at $1,424,000 after acquiring an additional 1,923 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Duke Energy by 26.4% in the 3rd quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock valued at $12,790,000 after acquiring an additional 31,789 shares during the last quarter. Finally, Iberiabank Corp lifted its holdings in shares of Duke Energy by 3.6% in the 3rd quarter. Iberiabank Corp now owns 65,328 shares of the utilities provider’s stock valued at $5,487,000 after acquiring an additional 2,297 shares during the last quarter. 57.26% of the stock is owned by institutional investors and hedge funds.
Shares of Duke Energy Corp (NYSE:DUK) opened at $76.82 on Friday. 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 Corp has a 1 year low of $76.28 and a 1 year high of $91.80. The firm has a market cap of $54,136.11, a PE ratio of 17.38, a P/E/G ratio of 4.01 and a beta of 0.26.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the company posted $1.68 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. equities research analysts predict that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors 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 yield of 4.63%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is currently 117.49%.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.
A number of brokerages recently commented on DUK. SunTrust Banks set a $78.00 price target on shares of Duke Energy and gave the company a “hold” rating in a report on Tuesday. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Monday, January 15th. Wolfe Research raised shares of Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, Goldman Sachs Group downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and increased their price target for the company from $80.11 to $88.00 in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.19.
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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