Flaharty Asset Management LLC grew its stake in shares of Duke Energy Corp (NYSE:DUK) by 23.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,885 shares of the utilities provider’s stock after acquiring an additional 726 shares during the period. Flaharty Asset Management LLC’s holdings in Duke Energy were worth $319,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of DUK. Renaissance Technologies LLC grew its holdings in shares of Duke Energy by 69.3% during the 4th quarter. Renaissance Technologies LLC now owns 4,302,017 shares of the utilities provider’s stock valued at $361,843,000 after acquiring an additional 1,760,350 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Duke Energy by 735.4% during the 4th quarter. Two Sigma Advisers LP now owns 1,660,141 shares of the utilities provider’s stock valued at $139,634,000 after acquiring an additional 1,461,422 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Duke Energy by 259.9% during the 2nd quarter. Janus Henderson Group PLC now owns 830,534 shares of the utilities provider’s stock valued at $69,425,000 after acquiring an additional 599,761 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Duke Energy by 0.9% during the 4th quarter. BlackRock Inc. now owns 45,499,220 shares of the utilities provider’s stock valued at $3,826,940,000 after acquiring an additional 424,604 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Duke Energy during the 4th quarter valued at $32,957,000. Institutional investors and hedge funds own 56.98% of the company’s stock.
In other news, COO Dhiaa M. Jamil sold 500 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total transaction of $44,540.00. Following the transaction, the chief operating officer now owns 34,115 shares in the company, valued at approximately $3,038,964.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.
Duke Energy Corp (NYSE DUK) traded down $0.64 during trading on Tuesday, reaching $76.40. 1,595,208 shares of the company’s stock were exchanged, compared to its average volume of 4,290,293. The firm has a market cap of $54,320.19, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 4.47 and a beta of 0.15. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.42 and a current ratio of 0.68. Duke Energy Corp has a 52-week low of $72.93 and a 52-week high of $91.80.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.03. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. analysts forecast that Duke Energy Corp will post 4.7 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 16th were issued a dividend of $0.89 per share. The ex-dividend date was Thursday, February 15th. This represents a $3.56 annualized dividend and a dividend yield of 4.66%. Duke Energy’s payout ratio is 81.65%.
DUK has been the subject of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $83.00 price objective (down previously from $85.00) on shares of Duke Energy in a research note on Thursday, March 8th. Deutsche Bank raised shares of Duke Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $77.22 to $86.00 in a research note on Monday, February 26th. ValuEngine lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Duke Energy in a research note on Wednesday, March 14th. Finally, Goldman Sachs lowered shares of 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, January 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $86.53.
ILLEGAL ACTIVITY NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2018/03/20/duke-energy-corp-duk-holdings-lifted-by-flaharty-asset-management-llc.html.
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.
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.