Louisiana State Employees Retirement System Trims Position in Duke Energy Corp (DUK)

Louisiana State Employees Retirement System trimmed its stake in Duke Energy Corp (NYSE:DUK) by 10.3% in the fourth quarter, according to the …

Duke Energy logoLouisiana 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%.

ILLEGAL ACTIVITY WARNING: This story was published by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/01/21/duke-energy-corp-duk-stake-decreased-by-louisiana-state-employees-retirement-system.html.

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

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Cutter & Company Brokerage Has Decreased Tortoise Energy Infra (TYG) Stake by $430378; Duke …

Schafer Cullen Capital Management Inc decreased its stake in Duke Energy Corp. (DUK) by 8.73% based on its latest 2018Q3 regulatory filing with …

Duke Energy Corporation (NYSE:DUK) Logo

Schafer Cullen Capital Management Inc decreased its stake in Duke Energy Corp. (DUK) by 8.73% based on its latest 2018Q3 regulatory filing with the SEC. Schafer Cullen Capital Management Inc sold 18,717 shares as the company’s stock rose 9.96% while stock markets declined. The hedge fund held 195,647 shares of the power generation company at the end of 2018Q3, valued at $15.66M, down from 214,364 at the end of the previous reported quarter. Schafer Cullen Capital Management Inc who had been investing in Duke Energy Corp. for a number of months, seems to be less bullish one the $61.02B market cap company. The stock decreased 0.05% or $0.04 during the last trading session, reaching $85.6. About 2.84 million shares traded. Duke Energy Corporation (NYSE:DUK) has risen 2.97% since January 21, 2018 and is uptrending. It has outperformed by 2.97% the S&P500. Some Historical DUK News: 21/05/2018 – DUKE RAISES OCONEE 3 REACTOR TO 100% POWER FROM 0% FRIDAY: NRC; 02/04/2018 – DUK SEES NEW CITRUS PLANT’S UNITS 1,2 START SERVICE IN SEPT,NOV; 16/04/2018 – Duke Energy’s $62 M Solar Rebate Program Approved for North Carolina Residential, Business and Nonprofit Customers; 16/04/2018 – Duke Energy’s $62 million solar rebate program approved for North Carolina residential, business and nonprofit customers; 25/05/2018 – Fitch Affirms Duke Energy Florida Project Finance, LLC; 02/04/2018 – DUKE FILES TO RAISE FL RATES TO RECOVER PLANT INVESTMENT COSTS; 13/04/2018 – Duke Energy to deliver $38 million in tax savings to Ohio and Kentucky customers; 03/05/2018 – Duke Energy customers are centerpiece of company’s long-term strategy, CEO Good tells shareholders; 13/04/2018 – DUKE CUTS OCONEE 1 REACTOR TO 0% POWER FROM 100%: NRC; 16/04/2018 – DUKE’S OCONEE 1 REACTOR UP TO 100% POWER FROM 0% FRIDAY: NRC

Cutter & Company Brokerage Inc decreased its stake in Tortoise Energy Infra (TYG) by 53.19% based on its latest 2018Q3 regulatory filing with the SEC. Cutter & Company Brokerage Inc sold 16,553 shares as the company’s stock declined 24.74% with the market. The institutional investor held 14,565 shares of the company at the end of 2018Q3, valued at $392,000, down from 31,118 at the end of the previous reported quarter. Cutter & Company Brokerage Inc who had been investing in Tortoise Energy Infra for a number of months, seems to be less bullish one the $1.32 billion market cap company. The stock increased 1.86% or $0.45 during the last trading session, reaching $24.66. About 334,539 shares traded. Tortoise Energy Infrastructure Corporation (NYSE:TYG) has declined 15.28% since January 21, 2018 and is downtrending. It has underperformed by 15.28% the S&P500.

Investors sentiment decreased to 0.91 in Q3 2018. Its down 0.04, from 0.95 in 2018Q2. It dropped, as 46 investors sold DUK shares while 386 reduced holdings. 79 funds opened positions while 312 raised stakes. 408.54 million shares or 94.96% less from 8.11 billion shares in 2018Q2 were reported. 7,306 were accumulated by Lombard Odier Asset Management (Europe) Limited. Amica Mutual Insurance reported 22,576 shares. 146,023 are held by Thomasville Bank. Commonwealth Of Pennsylvania Public School Empls Retrmt System accumulated 0.07% or 58,457 shares. Optimum Invest Advsr holds 0.19% of its portfolio in Duke Energy Corporation (NYSE:DUK) for 8,412 shares. Clarivest Asset Limited Liability Company accumulated 8 shares or 0% of the stock. Burke Herbert Bankshares accumulated 4,719 shares. Arbor Advisors Limited Liability Company holds 11,253 shares or 0.33% of its portfolio. Credit Suisse Ag owns 1.89M shares. Polaris Greystone Group Limited Liability Corp has invested 0% of its portfolio in Duke Energy Corporation (NYSE:DUK). Fulton Bancorporation Na has 0.24% invested in Duke Energy Corporation (NYSE:DUK) for 45,546 shares. Murphy Capital stated it has 0.35% of its portfolio in Duke Energy Corporation (NYSE:DUK). Brookstone Cap Management holds 0.11% of its portfolio in Duke Energy Corporation (NYSE:DUK) for 18,834 shares. First Heartland Consultants owns 5,405 shares or 0.14% of their US portfolio. Wendell David Associate Incorporated, New Hampshire-based fund reported 5,180 shares.

More notable recent Duke Energy Corporation (NYSE:DUK) news were published by: Seekingalpha.com which released: “Atlantic Coast Pipeline bid to ease stay rejected by appeals court – Seeking Alpha” on January 14, 2019, also Benzinga.com with their article: “Duke Energy Corporation (NYSE:DUK), (WKHS) – Workhorse CEO Updates Company’s Progress, SureFly Timeline – Benzinga” published on January 15, 2019, Bizjournals.com published: “Timing of federal case could add $1B to Atlantic Coast Pipeline costs – Charlotte Business Journal” on January 15, 2019. More interesting news about Duke Energy Corporation (NYSE:DUK) were released by: Bizjournals.com and their article: “Many Charlotte-area companies see stock market rebound after worst Christmas Eve in US history – Charlotte Business Journal” published on December 26, 2018 as well as Finance.Yahoo.com‘s news article titled: “NEE or DUK: Which Utility Stock Should You Buy for 2019? – Yahoo News” with publication date: December 26, 2018.

Schafer Cullen Capital Management Inc, which manages about $10.62B and $7.70B US Long portfolio, upped its stake in Opap Sa (Adr) (GOFPY) by 114,235 shares to 988,135 shares, valued at $5.12 million in 2018Q3, according to the filing. It also increased its holding in Johnson Controls International by 697,711 shares in the quarter, for a total of 3.16M shares, and has risen its stake in The Procter & Gamble Co. (NYSE:PG).

Analysts await Duke Energy Corporation (NYSE:DUK) to report earnings on February, 19. They expect $0.91 earnings per share, down 3.19% or $0.03 from last year’s $0.94 per share. DUK’s profit will be $648.72M for 23.52 P/E if the $0.91 EPS becomes a reality. After $1.65 actual earnings per share reported by Duke Energy Corporation for the previous quarter, Wall Street now forecasts -44.85% negative EPS growth.

Among 20 analysts covering Duke Energy (NYSE:DUK), 6 have Buy rating, 2 Sell and 12 Hold. Therefore 30% are positive. Duke Energy had 103 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by SunTrust on Monday, March 7 with “Neutral”. The stock of Duke Energy Corporation (NYSE:DUK) earned “Hold” rating by Argus Research on Wednesday, April 6. The stock of Duke Energy Corporation (NYSE:DUK) earned “Neutral” rating by Mizuho on Monday, February 22. The firm earned “Buy” rating on Thursday, February 1 by RBC Capital Markets. The stock has “Hold” rating by SunTrust on Tuesday, December 26. On Wednesday, January 25 the stock rating was initiated by Credit Suisse with “Neutral”. The stock of Duke Energy Corporation (NYSE:DUK) has “Hold” rating given on Monday, March 5 by SunTrust. Howard Weil maintained the stock with “Sector Outperform” rating in Tuesday, July 24 report. The firm has “Sell” rating given on Wednesday, March 28 by Goldman Sachs. Credit Suisse upgraded it to “Outperform” rating and $83 target in Tuesday, January 23 report.

Since November 8, 2018, it had 9 insider purchases, and 0 sales for $65,439 activity. Paquette Jennifer also bought $1,266 worth of Tortoise Energy Infrastructure Corporation (NYSE:TYG) shares. Another trade for 390 shares valued at $9,929 was made by THUMMEL ROBERT JOSEPH JR. on Thursday, November 8. The insider MICK JAMES RYAN bought $15,000. 100 Tortoise Energy Infrastructure Corporation (NYSE:TYG) shares with value of $2,511 were bought by BIRZER H KEVIN. 200 shares valued at $4,040 were bought by CICCOTELLO CONRAD S on Tuesday, December 18. On Thursday, November 29 the insider HOLMES NICHOLAS SCOTT bought $4,494.

Duke Energy Corporation (NYSE:DUK) Institutional Positions Chart

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Duke Energy Corp (DUK) Holding Raised by First Command Bank

First Command Bank grew its holdings in Duke Energy Corp (NYSE:DUK) by 31.3% during the fourth quarter, according to the company in its most …

First Command Bank grew its holdings in Duke Energy Corp (NYSE:DUK) by 31.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,550 shares of the utilities provider’s stock after acquiring an additional 847 shares during the quarter. First Command Bank’s holdings in Duke Energy were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Community Bank & Trust Waco Texas boosted its position in shares of Duke Energy by 2.0% in the 4th quarter. Community Bank & Trust Waco Texas now owns 7,550 shares of the utilities provider’s stock valued at $652,000 after purchasing an additional 150 shares during the period. Nachman Norwood & Parrott Inc acquired a new stake in shares of Duke Energy in the 4th quarter valued at about $5,416,000. Gradient Investments LLC boosted its position in shares of Duke Energy by 8.0% in the 4th quarter. Gradient Investments LLC now owns 5,307 shares of the utilities provider’s stock valued at $458,000 after purchasing an additional 395 shares during the period. Joel Isaacson & Co. LLC acquired a new stake in shares of Duke Energy in the 4th quarter valued at about $254,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Duke Energy by 9.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 73,358 shares of the utilities provider’s stock valued at $6,331,000 after purchasing an additional 6,350 shares during the period. Institutional investors and hedge funds own 59.41% of the company’s stock.

DUK has been the subject of a number of research analyst reports. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Wednesday, December 12th. Wells Fargo & Co decreased 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. Bank of America cut Duke Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Finally, Barclays increased their price objective on Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a research report on Monday, November 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Duke Energy currently has a consensus rating of “Hold” and a consensus price target of $85.25.

Duke Energy stock opened at $85.60 on Monday. Duke Energy Corp has a twelve month low of $71.96 and a twelve month high of $91.35. The company has a quick ratio of 0.46, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The company has a market cap of $61.02 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 3.46 and a beta of 0.04.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.12. The company 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 firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $1.59 EPS. As a group, research analysts forecast that Duke Energy Corp will post 4.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be paid a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, February 14th. Duke Energy’s dividend payout ratio (DPR) is 81.18%.

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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Duke Energy Corp (DUK) Shares Bought by First Command Bank

First Command Bank lifted its position in Duke Energy Corp (NYSE:DUK) by 31.3% during the fourth quarter, according to its most recent Form 13F …

Duke Energy logoFirst Command Bank lifted its position in Duke Energy Corp (NYSE:DUK) by 31.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,550 shares of the utilities provider’s stock after acquiring an additional 847 shares during the period. First Command Bank’s holdings in Duke Energy were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Vigilant Capital Management LLC acquired a new position in Duke Energy during the fourth quarter worth $43,000. Mackey Komara & Dankovich LLC acquired a new position in Duke Energy during the fourth quarter worth $57,000. TRUE Private Wealth Advisors acquired a new position in Duke Energy during the third quarter worth $119,000. Psagot Investment House Ltd. boosted its stake in Duke Energy by 1,514.3% during the third quarter. Psagot Investment House Ltd. now owns 1,695 shares of the utilities provider’s stock worth $136,000 after buying an additional 1,590 shares during the last quarter. Finally, Bell Rock Capital LLC acquired a new position in Duke Energy during the third quarter worth $144,000. 59.41% of the stock is currently owned by hedge funds and other institutional investors.

DUK stock opened at $85.60 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $61.02 billion, a P/E ratio of 17.83, a PEG ratio of 3.46 and a beta of 0.04. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.35.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.12. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.59 EPS. On average, research analysts expect that Duke Energy Corp will post 4.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, February 15th will be issued a $0.9275 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.71 annualized dividend and a dividend yield of 4.33%. Duke Energy’s dividend payout ratio is presently 81.18%.

Several brokerages have recently commented on DUK. Zacks Investment Research lowered Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Wells Fargo & Co decreased their price target on Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a research note on Monday, November 5th. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Barclays upped their price target on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Finally, Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $88.00 to $87.00 in a research note on Wednesday, January 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $85.25.

COPYRIGHT VIOLATION WARNING: “Duke Energy Corp (DUK) Shares Bought by First Command Bank” was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/01/21/duke-energy-corp-duk-shares-bought-by-first-command-bank.html.

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.

Further Reading: Technical Analysis

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)

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11817 Shares in Duke Energy Corp (DUK) Acquired by Weather Gauge Advisory LLC

Weather Gauge Advisory LLC bought a new stake in Duke Energy Corp (NYSE:DUK) in the 4th quarter, according to its most recent 13F filing with the …

Duke Energy logoWeather Gauge Advisory LLC bought a new stake in Duke Energy Corp (NYSE:DUK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,817 shares of the utilities provider’s stock, valued at approximately $1,020,000. Duke Energy makes up about 1.1% of Weather Gauge Advisory LLC’s portfolio, making the stock its 28th largest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Morgan Stanley lifted its stake in shares of Duke Energy by 13.8% during the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock worth $303,498,000 after buying an additional 460,092 shares during the period. Putnam Investments LLC lifted its stake in shares of 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. Union Bankshares Corp lifted its stake in shares of Duke Energy by 43.4% during the fourth 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 period. Advisors Asset Management Inc. lifted its stake in shares of Duke Energy by 69.3% during the second quarter. Advisors Asset Management Inc. now owns 214,894 shares of the utilities provider’s stock worth $16,994,000 after buying an additional 87,950 shares during the period. Finally, Thomasville National Bank lifted its stake in shares of Duke Energy by 0.8% during the third quarter. Thomasville National Bank now owns 146,023 shares of the utilities provider’s stock worth $11,685,000 after buying an additional 1,225 shares during the period. Institutional investors own 59.41% of the company’s stock.

DUK has been the subject of several research reports. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Wednesday, December 12th. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Barclays lifted their price objective on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Wells Fargo & Co lowered their price objective on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a research note on Monday, November 5th. Finally, Bank of America downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $88.00 to $87.00 in a research note on Wednesday, January 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $85.25.

NYSE DUK opened at $85.60 on Monday. The firm has a market cap of $61.02 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 3.46 and a beta of 0.04. Duke Energy Corp has a 1 year low of $71.96 and a 1 year high of $91.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.46.

Duke Energy (NYSE:DUK) last posted its earnings results on Friday, November 2nd. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12. The company had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.59 billion. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 earnings per share. On average, equities analysts predict that Duke Energy Corp will post 4.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, February 15th will be given a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.71 dividend on an annualized basis and a yield of 4.33%. Duke Energy’s dividend payout ratio is presently 81.18%.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.fairfieldcurrent.com/news/2019/01/21/11817-shares-in-duke-energy-corp-duk-acquired-by-weather-gauge-advisory-llc.html.

Duke Energy 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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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)

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