Bremer Trust National Association increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 34.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,393 shares of the utilities provider’s stock after purchasing an additional 5,018 shares during the quarter. Bremer Trust National Association’s holdings in Duke Energy were worth $1,674,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Morgan Stanley lifted its position in shares of 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 acquiring an additional 460,092 shares in the last quarter. First Mercantile Trust Co. lifted its position in shares of 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 acquiring an additional 430 shares in the last quarter. Union Bankshares Corp lifted its position in shares of Duke Energy by 43.4% in the fourth quarter. Union Bankshares Corp now owns 8,386 shares of the utilities provider’s stock valued at $724,000 after acquiring an additional 2,536 shares in the last quarter. Putnam Investments LLC lifted its position in Duke Energy by 0.9% during the third 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 period. Finally, Sound Income Strategies LLC lifted its position in Duke Energy by 172.4% during the fourth 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 period. Hedge funds and other institutional investors own 60.38% of the company’s stock.
In related news, COO Dhiaa M. Jamil sold 750 shares of Duke Energy stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total transaction of $67,312.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Melissa H. Anderson sold 2,000 shares of Duke Energy stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $87.49, for a total value of $174,980.00. Following the sale, the executive vice president now directly owns 18,198 shares of the company’s stock, valued at approximately $1,592,143.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,250 shares of company stock worth $1,900,878. 0.08% of the stock is owned by insiders.
opened at $90.51 on Wednesday. Duke Energy Corp has a 12 month low of $71.96 and a 12 month 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 company has a market capitalization of $65.80 billion, a P/E 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 EPS for the quarter, missing the 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 during the quarter, compared to analyst estimates of $5.84 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect 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. Stockholders of record on Friday, February 15th will be given a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Thursday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.
Several equities analysts recently weighed in on the company. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Barclays upped their price target on Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Bank of America upped their price target on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Finally, Zacks Investment Research lowered Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. One 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 stock presently has an average rating of “Hold” and a consensus target price of $85.46.
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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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