Duke Energy Corp (DUK) Stake Raised by Hermes Investment Management Ltd.
Hermes Investment Management Ltd. increased its stake in Duke Energy Corp (NYSE:DUK) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,222 shares of the utilities provider’s stock after buying an additional 1,212 shares during the quarter. Hermes Investment Management Ltd.’s holdings in Duke Energy were worth $8,327,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in DUK. Winfield Associates Inc. increased its position in Duke Energy by 14.3% during 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 Duke Energy during the 2nd quarter worth $130,000. Jacobi Capital Management LLC increased its position in Duke Energy by 104.1% during the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock worth $164,000 after buying an additional 1,010 shares during the period. Camarda Financial Advisors LLC increased its position in Duke Energy by 357.1% during the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after buying an additional 1,664 shares during the period. Finally, Westwood Holdings Group Inc. bought a new position in Duke Energy during the 2nd quarter worth $181,000. 56.30% of the stock is owned by institutional investors and hedge funds.
Shares of Duke Energy Corp (DUK) opened at $88.78 on Friday. Duke Energy Corp has a 12 month low of $72.34 and a 12 month high of $91.80. The company has a market capitalization of $62,143.87, a PE ratio of 19.95, a PEG ratio of 4.86 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period last year, the firm posted $1.68 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. sell-side analysts anticipate that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Thursday, November 16th. Duke Energy’s payout ratio is 117.49%.
A number of research analysts recently commented on DUK shares. BMO Capital Markets restated a “hold” rating and issued a $87.00 price target (up previously from $85.00) on shares of Duke Energy in a research report on Friday, August 4th. Morgan Stanley raised their price target on Duke Energy from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Citigroup Inc. raised their price target on Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a research report on Tuesday, October 17th. Deutsche Bank AG restated a “hold” rating and issued a $84.00 price target (up previously from $83.00) on shares of Duke Energy in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $86.90.
In related news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company’s stock.
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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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