Csenge Advisory Group Buys Shares of 8,379 Duke Energy Corp (DUK)
Csenge Advisory Group bought a new position in Duke Energy Corp (NYSE:DUK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,379 shares of the utilities provider’s stock, valued at approximately $703,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Advisory Service Inc. grew its holdings in Duke Energy by 0.3% during the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock worth $562,000 after acquiring an additional 17 shares during the period. Valley National Advisers Inc. grew its holdings in Duke Energy by 0.7% during the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after acquiring an additional 18 shares during the period. Hodges Capital Management Inc. grew its holdings in Duke Energy by 0.3% during the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock worth $594,000 after acquiring an additional 19 shares during the period. Accredited Investors Inc. grew its holdings in Duke Energy by 0.7% during the second quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock worth $235,000 after acquiring an additional 19 shares during the period. Finally, Hudock Capital Group LLC grew its holdings in Duke Energy by 0.3% during the second quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock worth $699,000 after acquiring an additional 24 shares during the period. 57.34% of the stock is currently owned by hedge funds and other institutional investors.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.07% of the company’s stock.
A number of research analysts recently issued reports on DUK shares. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Friday, September 15th. Royal Bank Of Canada restated a “buy” rating and set a $87.00 price objective on shares of Duke Energy in a research report on Tuesday, August 29th. BidaskClub upgraded Duke Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, Morgan Stanley raised their price objective on Duke Energy from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $86.90.
Shares of Duke Energy Corp (NYSE DUK) traded down $0.58 during mid-day trading on Tuesday, hitting $88.04. The company had a trading volume of 406,906 shares, compared to its average volume of 2,591,843. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. Duke Energy Corp has a 1-year low of $72.34 and a 1-year high of $91.80. The company has a market cap of $62,108.84, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 4.85 and a beta of 0.26.
Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 EPS. sell-side analysts predict that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy’s dividend payout ratio is currently 117.49%.
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About Duke Energy
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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