Rehmann Capital Advisory Group lifted its stake in shares of Duke Energy Corp (NYSE:DUK) by 8,631.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,424,370 shares of the utilities provider’s stock after purchasing an additional 1,408,057 shares during the period. Rehmann Capital Advisory Group owned 0.20% of Duke Energy worth $17,800,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DUK. Putnam Investments LLC boosted its holdings in shares of Duke Energy by 0.9% in the 3rd quarter. Putnam Investments LLC now owns 259,153 shares of the utilities provider’s stock valued at $20,737,000 after buying an additional 2,344 shares during the period. Cornerstone Capital Inc. boosted its stake in Duke Energy by 6.2% during the 2nd quarter. Cornerstone Capital Inc. now owns 58,289 shares of the utilities provider’s stock valued at $4,609,000 after purchasing an additional 3,395 shares during the period. Millennium Management LLC boosted its stake in Duke Energy by 23.2% during the 2nd quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock valued at $137,648,000 after purchasing an additional 328,285 shares during the period. Advisors Asset Management Inc. boosted its stake in Duke Energy by 69.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 214,894 shares of the utilities provider’s stock valued at $16,994,000 after purchasing an additional 87,950 shares during the period. Finally, ProVise Management Group LLC boosted its stake in Duke Energy by 1,333.8% during the 2nd quarter. ProVise Management Group LLC now owns 37,050 shares of the utilities provider’s stock valued at $2,930,000 after purchasing an additional 34,466 shares during the period. Hedge funds and other institutional investors own 59.40% of the company’s stock.
NYSE DUK traded down $0.66 during trading on Friday, hitting $84.61. 3,082,400 shares of the company’s stock were exchanged, compared to its average volume of 3,076,325. Duke Energy Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.35. The company has a market cap of $60.46 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 3.40 and a beta of 0.04. The company has a current ratio of 0.68, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17.Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12. The business had revenue of $6.63 billion during the quarter, compared to analyst estimates of $6.59 billion. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. Duke Energy’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS. On average, sell-side analysts predict that Duke Energy Corp will post 4.74 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, February 15th will be given a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.71 annualized dividend and a dividend yield of 4.38%. Duke Energy’s dividend payout ratio is presently 81.18%.
DUK has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Duke Energy from $91.00 to $85.00 and set a “hold” rating for the company in a research note on Friday, September 21st. Barclays boosted their target price on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Wells Fargo & Co boosted their price target on shares of Duke Energy from $86.00 to $89.00 and gave the company a “market perform” rating in a report on Monday, September 17th. Zacks Investment Research downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Bank of America downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $88.00 to $87.00 in a report on Wednesday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Duke Energy presently has a consensus rating of “Hold” and a consensus price target of $85.25.
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Duke Energy Profile
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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