Eagle Asset Management Inc. lessened its stake in Duke Energy Corp (NYSE:DUK) by 6.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,357 shares of the utilities provider’s stock after selling 1,811 shares during the quarter. Eagle Asset Management Inc.’s holdings in Duke Energy were worth $2,447,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley boosted its holdings in Duke Energy by 13.8% in the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock valued at $303,498,000 after purchasing an additional 460,092 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in Duke Energy by 69.4% in the fourth quarter. First Mercantile Trust Co. now owns 1,050 shares of the utilities provider’s stock valued at $91,000 after purchasing an additional 430 shares during the last quarter. Union Bankshares Corp lifted its holdings in Duke Energy by 43.4% during the 4th quarter. Union Bankshares Corp now owns 8,386 shares of the utilities provider’s stock worth $724,000 after buying an additional 2,536 shares during the last quarter. Putnam Investments LLC lifted its holdings in Duke Energy by 0.9% during the 3rd quarter. Putnam Investments LLC now owns 259,153 shares of the utilities provider’s stock worth $20,737,000 after buying an additional 2,344 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Duke Energy by 172.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,182 shares of the utilities provider’s stock worth $188,000 after buying an additional 1,381 shares during the last quarter. Institutional investors and hedge funds own 60.38% of the company’s stock.
Several brokerages recently issued reports on DUK. Bank of America raised their price target on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Morgan Stanley raised their target price on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Duke Energy presently has an average rating of “Hold” and a consensus target price of $85.46.NYSE DUK opened at $90.51 on Wednesday. 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 debt-to-equity ratio of 1.17, a quick ratio of 0.44 and a current ratio of 0.65. The stock has a market cap of $65.80 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 3.56 and a beta of 0.06.
Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.05). The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. Duke Energy’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share. Analysts anticipate that Duke Energy Corp will post 4.97 earnings per share for the current fiscal 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 paid 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 yield of 4.10%. Duke Energy’s dividend payout ratio is 78.60%.
In related news, COO Dhiaa M. Jamil sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $89.75, for a total value of $67,312.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Melissa H. Anderson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $87.49, for a total transaction of $174,980.00. Following the completion of the sale, the executive vice president now owns 18,198 shares of the company’s stock, valued at $1,592,143.02. The disclosure for this sale can be found here. Insiders have sold 21,250 shares of company stock worth $1,900,878 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.
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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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