Louisiana State Employees Retirement System trimmed its stake in Duke Energy Corp (NYSE:DUK) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,400 shares of the utilities provider’s stock after selling 4,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Duke Energy were worth $3,228,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of DUK. United Bank grew its stake in Duke Energy by 5.7% in the second quarter. United Bank now owns 23,373 shares of the utilities provider’s stock valued at $1,848,000 after purchasing an additional 1,255 shares in the last quarter. FMR LLC grew its stake in Duke Energy by 28.5% in the second quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock valued at $365,201,000 after purchasing an additional 1,023,646 shares in the last quarter. Natixis bought a new position in Duke Energy in the second quarter valued at approximately $3,868,000. Vident Investment Advisory LLC grew its stake in Duke Energy by 17.2% in the second quarter. Vident Investment Advisory LLC now owns 12,861 shares of the utilities provider’s stock valued at $1,017,000 after purchasing an additional 1,889 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Duke Energy in the second quarter valued at approximately $2,180,000. Hedge funds and other institutional investors own 59.41% of the company’s stock.
A number of analysts have recently issued reports on DUK shares. Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Wells Fargo & Co cut their price objective on Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a research report on Monday, November 5th. Barclays raised their price objective on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research report on Monday, November 19th. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Finally, Bank of America cut Duke Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. Duke Energy currently has a consensus rating of “Hold” and a consensus target price of $85.25.NYSE:DUK traded down $0.04 during mid-day trading on Monday, hitting $85.60. 2,842,639 shares of the stock were exchanged, compared to its average volume of 2,571,071. The stock has a market cap of $61.02 billion, a P/E ratio of 18.73, a PEG ratio of 3.46 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 Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.35.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.12. The firm had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.59 billion. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.59 EPS. As a group, sell-side analysts forecast that Duke Energy Corp will post 4.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 15th will be issued a $0.9275 dividend. The ex-dividend date is Thursday, February 14th. This represents a $3.71 annualized dividend and a yield of 4.33%. Duke Energy’s dividend payout ratio is presently 81.18%.
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Duke Energy Company 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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