IFP Advisors Inc lowered its position in shares of Duke Energy (NYSE:DUK) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,629 shares of the utilities provider’s stock after selling 3,139 shares during the period. IFP Advisors Inc’s holdings in Duke Energy were worth $5,007,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Duke Energy by 0.7% during the first quarter. BlackRock Inc. now owns 45,802,921 shares of the utilities provider’s stock valued at $3,548,350,000 after buying an additional 303,701 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Duke Energy by 23.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 19,423,147 shares of the utilities provider’s stock valued at $1,504,711,000 after purchasing an additional 3,718,916 shares during the last quarter. Geode Capital Management LLC grew its stake in Duke Energy by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 7,495,715 shares of the utilities provider’s stock valued at $629,156,000 after purchasing an additional 165,972 shares during the last quarter. Deutsche Bank AG grew its stake in Duke Energy by 1.2% in the fourth quarter. Deutsche Bank AG now owns 6,427,804 shares of the utilities provider’s stock valued at $540,637,000 after purchasing an additional 78,580 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Duke Energy by 69.3% in the fourth quarter. Renaissance Technologies LLC now owns 4,302,017 shares of the utilities provider’s stock valued at $361,843,000 after purchasing an additional 1,760,350 shares during the last quarter. Hedge funds and other institutional investors own 59.09% of the company’s stock.
Shares of DUK stock opened at $74.07 on Wednesday. Duke Energy has a fifty-two week low of $72.93 and a fifty-two week high of $91.80. The stock has a market cap of $51.65 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 4.01 and a beta of 0.10. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.39 and a current ratio of 0.64.
Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, May 10th. The utilities provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.14. Duke Energy had a return on equity of 8.10% and a net margin of 12.33%. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. sell-side analysts predict that Duke Energy will post 4.71 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Friday, May 18th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.81%. Duke Energy’s payout ratio is 77.90%.
In other news, Director E Marie Mckee sold 2,006 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $77.49, for a total transaction of $155,444.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Dhiaa M. Jamil sold 3,800 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $76.98, for a total value of $292,524.00. The disclosure for this sale can be found here. Insiders have sold 5,894 shares of company stock worth $454,703 in the last 90 days. Insiders own 0.08% of the company’s stock.
Several equities analysts have issued reports on DUK shares. Morgan Stanley reiterated an “equal weight” rating and issued a $83.00 target price (down previously from $85.00) on shares of Duke Energy in a research note on Thursday, March 8th. Deutsche Bank upgraded Duke Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $77.22 to $86.00 in a research note on Monday, February 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $90.00 target price on shares of Duke Energy in a research note on Wednesday, March 14th. SunTrust Banks reiterated a “hold” rating and issued a $82.00 target price on shares of Duke Energy in a research note on Monday, April 23rd. Finally, Bank of America lifted their target price on Duke Energy from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Wednesday, April 18th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Duke Energy presently has a consensus rating of “Hold” and a consensus price target of $84.29.
About Duke Energy
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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