Duke Energy Corp (DUK) Holdings Lifted by Advisors Asset Management Inc.
Advisors Asset Management Inc. raised its stake in Duke Energy Corp (NYSE:DUK) by 11.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,251 shares of the utilities provider’s stock after buying an additional 13,563 shares during the quarter. Advisors Asset Management Inc.’s holdings in Duke Energy were worth $10,679,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Winfield Associates Inc. increased its stake in Duke Energy by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 165 shares during the period. Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Duke Energy during the third quarter worth approximately $112,000. Daiwa SB Investments Ltd. purchased a new stake in shares of Duke Energy during the second quarter worth approximately $130,000. AllSquare Wealth Management LLC purchased a new stake in shares of Duke Energy during the third quarter worth approximately $155,000. Finally, Camarda Financial Advisors LLC increased its stake in shares of Duke Energy by 357.1% during the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after buying an additional 1,664 shares during the period. 57.34% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Thursday, August 24th. Bank of America restated a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a research note on Tuesday, October 24th. Morgan Stanley upped their target price on shares of Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, KeyCorp restated a “hold” rating on shares of Duke Energy in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.21.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
Shares of Duke Energy Corp (DUK) remained flat at $$87.56 during trading on Friday. 2,437,700 shares of the company were exchanged, compared to its average volume of 2,595,791. The company has a market capitalization of $61,289.86, a PE ratio of 19.68, a price-to-earnings-growth ratio of 4.79 and a beta of 0.26. Duke Energy Corp has a 12 month low of $74.95 and a 12 month high of $91.80. 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 (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The business had revenue of $6.48 billion during 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 was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 earnings per share. equities analysts forecast that Duke Energy Corp will post 4.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy’s payout ratio is currently 117.49%.
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Duke Energy Profile
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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