ARS Investment Partners LLC increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,417 shares of the utilities provider’s stock after purchasing an additional 986 shares during the period. ARS Investment Partners LLC’s holdings in Duke Energy were worth $1,244,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of DUK. Proficio Capital Partners LLC increased its holdings in shares of Duke Energy by 59.0% in the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 164 shares in the last quarter. Vigilant Capital Management LLC purchased a new position in shares of Duke Energy in the 4th quarter valued at about $43,000. Mackey Komara & Dankovich LLC purchased a new position in shares of Duke Energy in the 4th quarter valued at about $57,000. Tortoise Investment Management LLC increased its holdings in shares of Duke Energy by 96.0% in the 4th quarter. Tortoise Investment Management LLC now owns 682 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 334 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC increased its holdings in shares of Duke Energy by 1,681.8% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 784 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 60.38% of the company’s stock.
In other Duke Energy news, Chairman Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $89.92, for a total transaction of $1,348,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Dhiaa M. Jamil sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total transaction of $67,312.50. The disclosure for this sale can be found here. Insiders have sold a total of 21,250 shares of company stock valued at $1,900,878 over the last 90 days. 0.08% of the stock is currently owned by insiders.A number of equities analysts have recently issued reports on DUK shares. Barclays increased their price target on shares of Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a report on Monday, November 19th. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Wednesday, December 12th. Bank of America downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $88.00 to $87.00 in a report on Wednesday, January 9th. They noted that the move was a valuation call. Finally, Morgan Stanley raised their target price on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $85.46.
NYSE:DUK opened at $90.51 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a twelve month low of $71.96 and a twelve month high of $91.35. The stock has a market cap of $65.69 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth 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). Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The business had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter last year, the business posted $0.94 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts forecast that Duke Energy Corp will post 4.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 15th will be issued a dividend of $0.9275 per share. The ex-dividend date is Thursday, February 14th. This represents a $3.71 annualized dividend and a yield of 4.10%. Duke Energy’s dividend payout ratio (DPR) is currently 78.60%.
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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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