IFP Advisors Inc reduced its holdings in shares of Duke Energy Corp (NYSE:DUK) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,629 shares of the utilities provider’s stock after selling 3,139 shares during the quarter. IFP Advisors Inc’s holdings in Duke Energy were worth $5,007,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its stake 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 buying an additional 424,604 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Duke Energy during the 4th quarter worth approximately $5,105,000. Deutsche Bank AG increased its holdings in Duke Energy by 1.2% during the 4th quarter. Deutsche Bank AG now owns 6,427,804 shares of the utilities provider’s stock worth $540,637,000 after acquiring an additional 78,580 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in Duke Energy during the 4th quarter worth approximately $3,319,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Duke Energy by 0.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,178,607 shares of the utilities provider’s stock worth $91,308,000 after acquiring an additional 6,760 shares during the period. Institutional investors own 59.08% of the company’s stock.
In other news, Director E Marie Mckee sold 2,006 shares of the company’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $77.49, for a total value of $155,444.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Dhiaa M. Jamil sold 3,800 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $76.98, for a total transaction of $292,524.00. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.
A number of research firms recently weighed in on DUK. Morgan Stanley decreased their target price on shares of Duke Energy from $84.00 to $79.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Duke Energy from $77.00 to $72.00 and set an “underweight” rating on the stock in a report on Thursday, June 7th. Zacks Investment Research raised shares of Duke Energy from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Wednesday, May 30th. ValuEngine lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $82.00 target price on shares of Duke Energy in a report on Monday, April 23rd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $82.57.
Shares of Duke Energy traded up $1.21, reaching $73.46, during trading on Thursday, Marketbeat Ratings reports. The company had a trading volume of 5,079,484 shares, compared to its average volume of 3,889,131. The firm has a market capitalization of $50.56 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 3.29 and a beta of 0.12. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.64 and a quick ratio of 0.39.
Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, May 10th. The utilities provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.14. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy had a net margin of 12.33% and a return on equity of 8.10%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. equities research analysts expect that Duke Energy Corp will post 4.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Friday, May 18th will be paid a $0.89 dividend. The ex-dividend date is Thursday, May 17th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.85%. Duke Energy’s dividend payout ratio (DPR) is 77.90%.
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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