Duke Energy Corp (DUK) Shares Bought by CIBC World Markets Inc.
CIBC World Markets Inc. raised its position in shares of Duke Energy Corp (NYSE:DUK) by 53.2% in the fourth quarter, Holdings Channel reports. The fund owned 110,198 shares of the utilities provider’s stock after acquiring an additional 38,253 shares during the quarter. CIBC World Markets Inc.’s holdings in Duke Energy were worth $9,269,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Duke Energy in the third quarter valued at approximately $112,000. Shamrock Asset Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $115,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Duke Energy in the third quarter valued at approximately $131,000. Acropolis Investment Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $131,000. Finally, Field & Main Bank purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $152,000. 57.26% of the stock is owned by institutional investors and hedge funds.
In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.07% of the company’s stock.
Duke Energy Corp (DUK) opened at $76.53 on Friday. The firm has a market capitalization of $53,570.00, a P/E ratio of 20.09, a P/E/G ratio of 4.07 and a beta of 0.12. Duke Energy Corp has a 52-week low of $76.28 and a 52-week 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 issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. The company 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 firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 earnings per share. analysts anticipate that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 annualized dividend and a yield of 4.65%. Duke Energy’s payout ratio is 93.44%.
Duke Energy Company 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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