UMB Bank N A MO grew its holdings in shares of Duke Energy Corp (NYSE:DUK) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 263,813 shares of the utilities provider’s stock after acquiring an additional 2,633 shares during the quarter. UMB Bank N A MO’s holdings in Duke Energy were worth $22,189,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of Duke Energy in the third quarter valued at $112,000. Shamrock Asset Management LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at $115,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Duke Energy in the third quarter valued at $131,000. Acropolis Investment Management LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at $131,000. Finally, AllSquare Wealth Management LLC acquired a new stake in shares of Duke Energy in the third quarter valued at $155,000. Institutional investors own 57.21% of the company’s stock.
Several brokerages have recently weighed in on DUK. SunTrust Banks set a $78.00 price objective on Duke Energy and gave the company a “hold” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Monday, January 15th. Wolfe Research upgraded Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. JPMorgan Chase & Co. upped their price objective on Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $87.19.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction on 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 document filed with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by insiders.
Shares of Duke Energy Corp (NYSE:DUK) traded up $0.13 during trading on Monday, hitting $76.95. The stock had a trading volume of 3,720,000 shares, compared to its average volume of 3,040,000. The firm has a market capitalization of $53,860.00, a price-to-earnings ratio of 20.20, a PEG ratio of 3.98 and a beta of 0.26. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 12 month low of $76.28 and a 12 month high of $91.80.
Duke Energy (NYSE:DUK) last announced 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. The company had revenue of $6.48 billion for 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 for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Stockholders of record on Friday, February 16th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is presently 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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