Duke Energy Corp (DUK) Position Cut by Walter & Keenan Financial Consulting Co. MI ADV
Walter & Keenan Financial Consulting Co. MI ADV lowered its holdings in shares of Duke Energy Corp (NYSE:DUK) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,774 shares of the utilities provider’s stock after selling 800 shares during the quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Duke Energy were worth $317,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of DUK. Vanguard Group Inc. boosted its holdings in Duke Energy by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock valued at $4,183,115,000 after acquiring an additional 1,572,216 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in Duke Energy by 575.7% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the utilities provider’s stock valued at $81,984,000 after purchasing an additional 814,210 shares in the last quarter. Janus Henderson Group PLC raised its position in Duke Energy by 259.9% during the 2nd quarter. Janus Henderson Group PLC now owns 830,534 shares of the utilities provider’s stock valued at $69,425,000 after purchasing an additional 599,761 shares in the last quarter. BlackRock Inc. raised its position in Duke Energy by 1.2% during the 2nd quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after purchasing an additional 506,596 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Duke Energy by 27.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,810,773 shares of the utilities provider’s stock valued at $151,363,000 after purchasing an additional 393,659 shares in the last quarter. Institutional investors own 57.21% of the company’s stock.
A number of equities research analysts have weighed in on DUK shares. SunTrust Banks reaffirmed a “hold” rating and set a $87.00 target price on shares of Duke Energy in a research report on Wednesday, October 4th. Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. JPMorgan Chase & Co. lifted their target price on Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Citigroup lifted their target price on Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. Finally, Bank of America reaffirmed a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $87.34.
Duke Energy (NYSE:DUK) last released 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 firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 EPS. research analysts forecast that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s payout ratio is 93.44%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.
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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