Duke Energy Corp (DUK) Shares Bought by Mackay Shields LLC
Mackay Shields LLC increased its stake in shares of Duke Energy Corp (NYSE:DUK) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,574 shares of the utilities provider’s stock after acquiring an additional 19,175 shares during the period. Mackay Shields LLC’s holdings in Duke Energy were worth $12,909,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its position in Duke Energy by 8,422.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,521,173 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 6,444,652 shares in the last quarter. Renaissance Technologies LLC grew its position in Duke Energy by 48.7% in the third quarter. Renaissance Technologies LLC now owns 6,051,129 shares of the utilities provider’s stock valued at $484,211,000 after purchasing an additional 1,980,562 shares in the last quarter. OppenheimerFunds Inc. grew its position in Duke Energy by 130.8% in the third quarter. OppenheimerFunds Inc. now owns 3,432,454 shares of the utilities provider’s stock valued at $274,665,000 after purchasing an additional 1,945,200 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Duke Energy by 941.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,856,602 shares of the utilities provider’s stock valued at $160,211,000 after purchasing an additional 1,678,300 shares in the last quarter. Finally, Vanguard Group Inc grew its position in Duke Energy by 2.9% in the third quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock valued at $4,355,880,000 after purchasing an additional 1,539,841 shares in the last quarter. Institutional investors and hedge funds own 61.97% of the company’s stock.
In related news, Chairman Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $89.92, for a total transaction of $1,348,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Dhiaa M. Jamil sold 750 shares of Duke Energy stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total transaction of $67,312.50. The disclosure for this sale can be found here. In the last three months, insiders sold 21,250 shares of company stock valued at $1,900,878. Insiders own 0.08% of the company’s stock.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same period last year, the business earned $0.94 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that Duke Energy Corp will post 4.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be given a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.
A number of research analysts recently weighed in on the stock. Bank of America raised their target price on shares of Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Monday, March 11th. Credit Suisse Group downgraded shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Morgan Stanley raised their target price on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Zacks Investment Research downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Duke Energy has a consensus rating of “Hold” and an average price target of $85.08.
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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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