Fisher Asset Management LLC Takes Position in Duke Energy Corp (DUK)
Fisher Asset Management LLC bought a new stake in Duke Energy Corp (NYSE:DUK) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,004 shares of the utilities provider’s stock, valued at approximately $336,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its position in Duke Energy by 2,866.0% in the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after acquiring an additional 41,268,968 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Duke Energy by 33.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after acquiring an additional 2,345,114 shares in the last quarter. Vanguard Group Inc. lifted its position in Duke Energy by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after acquiring an additional 1,918,598 shares in the last quarter. FMR LLC lifted its position in Duke Energy by 30.6% in the 1st quarter. FMR LLC now owns 4,909,584 shares of the utilities provider’s stock valued at $402,635,000 after acquiring an additional 1,151,408 shares in the last quarter. Finally, Morgan Stanley lifted its position in Duke Energy by 25.1% in the 1st quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock valued at $402,605,000 after acquiring an additional 986,456 shares in the last quarter. Institutional investors own 56.30% of the company’s stock.
DUK has been the topic of several recent research reports. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $87.00 price target on shares of Duke Energy in a research report on Wednesday, October 4th. J P Morgan Chase & Co raised their price target on shares of Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. BidaskClub raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $87.00 target price on shares of Duke Energy in a research report on Tuesday, November 7th. 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 currently has an average rating of “Hold” and an average price target of $86.90.
Duke Energy Corp (NYSE DUK) opened at $88.78 on Monday. Duke Energy Corp has a one year low of $72.34 and a one year high of $91.80. The firm has a market cap of $62,143.87, a P/E ratio of 19.95, a P/E/G ratio of 4.86 and a beta of 0.26. 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 (NYSE:DUK) last released its quarterly earnings data 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. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period in the previous year, the business earned $1.68 EPS. Duke Energy’s revenue was down 1.4% compared to the same quarter last year. equities 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. Stockholders of record on Friday, November 17th will be given a dividend of $0.89 per share. 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’s dividend payout ratio (DPR) is currently 117.49%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by insiders.
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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