First Quadrant LP CA Takes $1.47 Million Position in NewMarket Co. (NYSE:NEU)

WINTON GROUP Ltd raised its holdings in NewMarket by 10.1% during the 2nd quarter. WINTON GROUP Ltd now owns 59,603 shares of the …

NewMarket logoFirst Quadrant L P CA acquired a new position in NewMarket Co. (NYSE:NEU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,665 shares of the specialty chemicals company’s stock, valued at approximately $1,469,000.

A number of other hedge funds also recently made changes to their positions in the business. Martingale Asset Management L P boosted its stake in shares of NewMarket by 28.6% in the 1st quarter. Martingale Asset Management L P now owns 900 shares of the specialty chemicals company’s stock valued at $391,000 after purchasing an additional 200 shares in the last quarter. WINTON GROUP Ltd raised its holdings in NewMarket by 10.1% during the 2nd quarter. WINTON GROUP Ltd now owns 59,603 shares of the specialty chemicals company’s stock valued at $23,897,000 after buying an additional 5,461 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in NewMarket during the 1st quarter valued at $673,000. Great West Life Assurance Co. Can raised its holdings in NewMarket by 28.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 7,004 shares of the specialty chemicals company’s stock valued at $3,032,000 after buying an additional 1,539 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in NewMarket by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 95,846 shares of the specialty chemicals company’s stock valued at $39,495,000 after buying an additional 4,644 shares during the last quarter. 54.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of NewMarket stock traded up $20.20 during trading on Tuesday, hitting $468.08. The company’s stock had a trading volume of 3,539 shares, compared to its average volume of 98,555. NewMarket Co. has a 52 week low of $352.89 and a 52 week high of $470.98. The business’s fifty day moving average price is $419.34. The firm has a market capitalization of $4.98 billion, a P/E ratio of 23.00 and a beta of 0.52. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.93 and a quick ratio of 1.60.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, July 31st. The specialty chemicals company reported $6.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.16 by $1.47. The firm had revenue of $563.42 million for the quarter. NewMarket had a net margin of 11.70% and a return on equity of 47.25%. As a group, equities research analysts anticipate that NewMarket Co. will post 23.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, September 13th. This is an increase from NewMarket’s previous quarterly dividend of $1.75. NewMarket’s dividend payout ratio (DPR) is presently 34.41%.

A number of equities research analysts recently commented on NEU shares. Buckingham Research upgraded shares of NewMarket from an “underperform” rating to a “neutral” rating and set a $420.00 price objective for the company in a report on Friday, August 2nd. Zacks Investment Research upgraded shares of NewMarket from a “hold” rating to a “strong-buy” rating and set a $512.00 price objective for the company in a report on Friday.

NewMarket Profile

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

Featured Story: What is the downside to momentum investing?

Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

Receive News & Ratings for NewMarket Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NewMarket and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Intact Investment Management Inc. Sells 23300 Shares of Duke Energy Corp (NYSE:DUK)

Intact Investment Management Inc. lessened its holdings in shares of Duke Energy Corp (NYSE:DUK) by 47.9% during the 2nd quarter, according to …

Duke Energy logoIntact Investment Management Inc. lessened its holdings in shares of Duke Energy Corp (NYSE:DUK) by 47.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,300 shares of the utilities provider’s stock after selling 23,300 shares during the quarter. Intact Investment Management Inc.’s holdings in Duke Energy were worth $2,232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. OLD Second National Bank of Aurora boosted its holdings in shares of Duke Energy by 4.1% in the 1st quarter. OLD Second National Bank of Aurora now owns 2,920 shares of the utilities provider’s stock worth $263,000 after purchasing an additional 114 shares during the period. Glassman Wealth Services boosted its holdings in shares of Duke Energy by 35.2% in the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 117 shares during the period. Trust Co. of Toledo NA OH boosted its holdings in shares of Duke Energy by 0.6% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 20,026 shares of the utilities provider’s stock worth $1,767,000 after purchasing an additional 122 shares during the period. Buckhead Capital Management LLC boosted its holdings in shares of Duke Energy by 0.4% in the 1st quarter. Buckhead Capital Management LLC now owns 31,618 shares of the utilities provider’s stock worth $2,846,000 after purchasing an additional 125 shares during the period. Finally, Weather Gauge Advisory LLC boosted its holdings in shares of Duke Energy by 1.1% in the 2nd quarter. Weather Gauge Advisory LLC now owns 11,552 shares of the utilities provider’s stock worth $1,019,000 after purchasing an additional 125 shares during the period. 59.95% of the stock is currently owned by institutional investors.

In related news, EVP Lloyd M. Yates sold 5,117 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $88.20, for a total transaction of $451,319.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $85.92, for a total value of $146,064.00. Following the sale, the senior vice president now directly owns 6,091 shares of the company’s stock, valued at $523,338.72. The disclosure for this sale can be found here. Insiders have sold a total of 8,598 shares of company stock valued at $752,989 over the last three months. 0.09% of the stock is owned by corporate insiders.

Shares of DUK stock opened at $89.47 on Tuesday. Duke Energy Corp has a 52-week low of $78.00 and a 52-week high of $91.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.71 and a quick ratio of 0.47. The company has a market cap of $65.39 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 3.71 and a beta of 0.12. The business’s 50 day simple moving average is $88.60.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.14. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period last year, the company earned $0.93 EPS. Duke Energy’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that Duke Energy Corp will post 4.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be paid a dividend of $0.945 per share. This is a positive change from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Thursday, August 15th. Duke Energy’s dividend payout ratio (DPR) is currently 78.60%.

A number of equities analysts have recently commented on the company. Citigroup dropped their target price on Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Morgan Stanley dropped their target price on Duke Energy from $99.00 to $92.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Bank of America cut Duke Energy from a “neutral” rating to an “underperform” rating in a report on Monday, May 13th. Barclays dropped their target price on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a report on Tuesday, June 18th. Finally, Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 target price for the company. in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $90.50.

Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

Recommended Story: What is a front-end load?

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Duke Energy and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Aperio Group LLC Sells 46326 Shares of Duke Energy Corp (NYSE:DUK)

Aperio Group LLC lowered its stake in shares of Duke Energy Corp (NYSE:DUK) by 8.8% during the second quarter, according to the company in its …

Duke Energy logoAperio Group LLC lowered its stake in shares of Duke Energy Corp (NYSE:DUK) by 8.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 479,901 shares of the utilities provider’s stock after selling 46,326 shares during the period. Aperio Group LLC owned 0.07% of Duke Energy worth $42,346,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Harvest Group Wealth Management LLC bought a new stake in shares of Duke Energy during the 1st quarter worth approximately $26,000. Thor Advisors LLC acquired a new position in shares of Duke Energy during the 1st quarter worth approximately $30,000. Larson Financial Group LLC increased its holdings in shares of Duke Energy by 65.5% during the 2nd quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 167 shares during the last quarter. Glassman Wealth Services increased its holdings in shares of Duke Energy by 35.2% during the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 117 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Duke Energy during the 2nd quarter worth approximately $41,000. Institutional investors own 60.01% of the company’s stock.

A number of research analysts recently weighed in on the company. KeyCorp assumed coverage on Duke Energy in a report on Tuesday, June 4th. They set a “sector weight” rating on the stock. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Bank of America lowered Duke Energy from a “neutral” rating to an “underperform” rating in a report on Monday, May 13th. Barclays decreased their target price on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 18th. Finally, Citigroup decreased their target price on Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Duke Energy has a consensus rating of “Hold” and a consensus target price of $90.50.

Shares of NYSE DUK opened at $89.47 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.49 and a debt-to-equity ratio of 1.26. The firm has a fifty day moving average price of $88.60. Duke Energy Corp has a one year low of $78.00 and a one year high of $91.67. The firm has a market cap of $65.05 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 3.69 and a beta of 0.12.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.14. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, research analysts expect that Duke Energy Corp will post 4.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be issued a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 4.22%. This is a positive change from Duke Energy’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Thursday, August 15th. Duke Energy’s dividend payout ratio is currently 78.60%.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,117 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $88.20, for a total value of $451,319.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director E Marie Mckee sold 1,781 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $87.37, for a total value of $155,605.97. Following the completion of the transaction, the director now directly owns 1 shares in the company, valued at $87.37. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,598 shares of company stock worth $752,989. Insiders own 0.09% of the company’s stock.

Duke Energy Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

Featured Story: Golden Cross

Want to see what other hedge funds are holding DUK?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Duke Energy and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Duke Energy Corp (NYSE:DUK) Shares Sold by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. lowered its holdings in shares of Duke Energy Corp (NYSE:DUK) by 5.2% in the second quarter, according to the …

Duke Energy logoAmica Mutual Insurance Co. lowered its holdings in shares of Duke Energy Corp (NYSE:DUK) by 5.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,394 shares of the utilities provider’s stock after selling 1,182 shares during the period. Amica Mutual Insurance Co.’s holdings in Duke Energy were worth $1,888,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Willingdon Wealth Management boosted its stake in Duke Energy by 19.8% during the 2nd quarter. Willingdon Wealth Management now owns 36,775 shares of the utilities provider’s stock worth $3,245,000 after purchasing an additional 6,084 shares during the period. Pendal Group Ltd boosted its stake in Duke Energy by 4.4% during the 2nd quarter. Pendal Group Ltd now owns 13,406 shares of the utilities provider’s stock worth $1,141,000 after purchasing an additional 561 shares during the period. Westpac Banking Corp boosted its stake in Duke Energy by 5.8% during the 2nd quarter. Westpac Banking Corp now owns 131,055 shares of the utilities provider’s stock worth $11,564,000 after purchasing an additional 7,238 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Duke Energy by 3.5% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 23,066 shares of the utilities provider’s stock worth $2,035,000 after purchasing an additional 788 shares during the period. Finally, Cibc Bank USA raised its position in Duke Energy by 7.3% during the 2nd quarter. Cibc Bank USA now owns 4,233 shares of the utilities provider’s stock worth $374,000 after buying an additional 287 shares during the last quarter. Hedge funds and other institutional investors own 60.01% of the company’s stock.

Shares of Duke Energy stock opened at $89.47 on Tuesday. The stock has a market cap of $65.05 billion, a P/E ratio of 18.96, a P/E/G ratio of 3.69 and a beta of 0.12. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.49 and a current ratio of 0.71. Duke Energy Corp has a one year low of $78.00 and a one year high of $91.67. The stock’s fifty day moving average price is $88.60.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.14. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. As a group, equities analysts anticipate that Duke Energy Corp will post 4.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be issued a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Thursday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s dividend payout ratio (DPR) is currently 78.60%.

A number of brokerages have commented on DUK. ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Morgan Stanley cut their price objective on shares of Duke Energy from $99.00 to $92.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Citigroup cut their price objective on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. JPMorgan Chase & Co. set a $90.00 price objective on shares of Duke Energy and gave the stock a “hold” rating in a research report on Monday, May 20th. Finally, KeyCorp began coverage on shares of Duke Energy in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $90.50.

In other news, SVP Dwight L. Jacobs sold 1,700 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $85.92, for a total value of $146,064.00. Following the completion of the transaction, the senior vice president now owns 6,091 shares in the company, valued at approximately $523,338.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lloyd M. Yates sold 5,117 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total transaction of $451,319.40. The disclosure for this sale can be found here. Insiders sold a total of 8,598 shares of company stock valued at $752,989 in the last quarter. Insiders own 0.09% of the company’s stock.

About Duke Energy

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

Further Reading: How is a buy-side analyst different from a sell-side analyst?

Want to see what other hedge funds are holding DUK?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Duke Energy and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

AGF Investments LLC Has $392000 Stock Holdings in Duke Energy Corp (NYSE:DUK)

AGF Investments LLC raised its holdings in Duke Energy Corp (NYSE:DUK) by 58.7% during the second quarter, HoldingsChannel reports. The firm …

Duke Energy logoAGF Investments LLC raised its holdings in Duke Energy Corp (NYSE:DUK) by 58.7% during the second quarter, HoldingsChannel reports. The firm owned 4,448 shares of the utilities provider’s stock after acquiring an additional 1,645 shares during the quarter. AGF Investments LLC’s holdings in Duke Energy were worth $392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Duke Energy by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,311,505 shares of the utilities provider’s stock worth $113,181,000 after acquiring an additional 52,498 shares during the period. Geode Capital Management LLC boosted its holdings in Duke Energy by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock worth $771,079,000 after acquiring an additional 750,534 shares during the period. USS Investment Management Ltd purchased a new position in Duke Energy in the 1st quarter worth approximately $37,519,000. Traynor Capital Management Inc. purchased a new position in Duke Energy in the 1st quarter worth approximately $201,000. Finally, First Citizens Bank & Trust Co. boosted its holdings in Duke Energy by 63.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 64,330 shares of the utilities provider’s stock worth $5,790,000 after acquiring an additional 24,901 shares during the period. 60.01% of the stock is currently owned by institutional investors.

In other news, EVP Lloyd M. Yates sold 5,117 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $88.20, for a total transaction of $451,319.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Dwight L. Jacobs sold 1,700 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $85.92, for a total value of $146,064.00. Following the transaction, the senior vice president now owns 6,091 shares of the company’s stock, valued at $523,338.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,598 shares of company stock valued at $752,989. Company insiders own 0.09% of the company’s stock.

DUK has been the subject of a number of analyst reports. ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Barclays decreased their price target on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a report on Tuesday, June 18th. KeyCorp initiated coverage on Duke Energy in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price target for the company. in a report on Wednesday, June 26th. Finally, Citigroup decreased their price target on Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $90.50.

Duke Energy stock opened at $89.47 on Tuesday. The stock has a market cap of $65.05 billion, a PE ratio of 18.96, a P/E/G ratio of 3.69 and a beta of 0.12. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.49 and a current ratio of 0.71. The firm’s 50 day simple moving average is $88.60. Duke Energy Corp has a 52 week low of $78.00 and a 52 week high of $91.67.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.14. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. Equities analysts forecast that Duke Energy Corp will post 4.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.945 per share. This is a boost from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Thursday, August 15th. Duke Energy’s dividend payout ratio is 78.60%.

About Duke Energy

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

Read More: Cash Flow Analysis in Stock Selection

Want to see what other hedge funds are holding DUK?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Duke Energy and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts