Duke Energy Corp (DUK) Shares Bought by Mn Services Vermogensbeheer B.V.
Mn Services Vermogensbeheer B.V. grew its holdings in Duke Energy Corp (NYSE:DUK) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 115,461 shares of the utilities provider’s stock after buying an additional 1,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Duke Energy were worth $9,689,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DUK. Winfield Associates Inc. lifted its holdings in Duke Energy by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after buying an additional 165 shares during the period. Daiwa SB Investments Ltd. bought a new position in shares of Duke Energy in the 2nd quarter worth approximately $130,000. Jacobi Capital Management LLC raised its position in shares of Duke Energy by 104.1% in the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 1,010 shares in the last quarter. Camarda Financial Advisors LLC raised its position in shares of Duke Energy by 357.1% in the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after acquiring an additional 1,664 shares in the last quarter. Finally, Westwood Holdings Group Inc. bought a new position in shares of Duke Energy in the 2nd quarter worth approximately $181,000. Institutional investors and hedge funds own 57.34% of the company’s stock.
Shares of Duke Energy Corp (DUK) traded up $0.35 during midday trading on Thursday, reaching $88.31. The company’s stock had a trading volume of 1,970,400 shares, compared to its average volume of 2,592,047. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 52 week low of $73.50 and a 52 week high of $91.80. The company has a market capitalization of $61,569.85, a PE ratio of 19.77, a P/E/G ratio of 4.81 and a beta of 0.26.
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 Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The company had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. equities analysts predict that Duke Energy Corp will post 4.56 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.56 annualized dividend and a yield of 4.03%. Duke Energy’s payout ratio is currently 117.49%.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.07% of the company’s stock.
DUK has been the subject of several research reports. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Friday, September 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $87.00 price objective on shares of Duke Energy in a research report on Tuesday, August 29th. BidaskClub raised Duke Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. ValuEngine raised 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 company an “equal weight” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Duke Energy presently has an average rating of “Hold” and a consensus price target of $86.90.
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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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