Duke Energy Corp (DUK) Shares Sold by PGGM Investments
PGGM Investments lowered its stake in shares of Duke Energy Corp (NYSE:DUK) by 58.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 418,898 shares of the utilities provider’s stock after selling 593,762 shares during the quarter. PGGM Investments owned approximately 0.06% of Duke Energy Corp worth $35,154,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Quantitative Systematic Strategies LLC acquired a new position in Duke Energy Corp during the 3rd quarter valued at about $214,000. Shell Asset Management Co. lifted its position in Duke Energy Corp by 194.2% during the 3rd quarter. Shell Asset Management Co. now owns 551,093 shares of the utilities provider’s stock valued at $41,205,000 after purchasing an additional 363,742 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Duke Energy Corp during the 3rd quarter valued at about $2,381,000. Fulton Bank N.A. lifted its position in Duke Energy Corp by 2.4% during the 3rd quarter. Fulton Bank N.A. now owns 41,223 shares of the utilities provider’s stock valued at $3,459,000 after purchasing an additional 982 shares during the period. Finally, Eqis Capital Management Inc. lifted its position in Duke Energy Corp by 7.2% during the 3rd quarter. Eqis Capital Management Inc. now owns 12,544 shares of the utilities provider’s stock valued at $1,053,000 after purchasing an additional 847 shares during the period. 56.30% of the stock is currently owned by hedge funds and other institutional investors.
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 transaction of $449,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
Shares of Duke Energy Corp (NYSE DUK) opened at $88.78 on Friday. The firm has a market cap of $62,038.84, a P/E ratio of 19.92, a P/E/G ratio of 4.85 and a beta of 0.26. 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 Corp has a 52-week low of $72.34 and a 52-week high of $91.80.
Duke Energy Corp (NYSE:DUK) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy Corp had a net margin of 9.09% and a return on equity of 7.54%. Duke Energy Corp’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. research analysts predict that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.01%. Duke Energy Corp’s dividend payout ratio is 117.49%.
DUK has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Duke Energy Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Citigroup Inc. upped their target price on shares of Duke Energy Corp from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. BidaskClub upgraded shares of Duke Energy Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Morgan Stanley upped their target price on shares of Duke Energy Corp from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Finally, KeyCorp restated a “hold” rating on shares of Duke Energy Corp in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $86.90.
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Duke Energy Corp 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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