Fmr LLC Decreases Holdings in Duke Energy Corporation (DUK)
Fmr LLC trimmed its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,786,774 shares of the utilities provider’s stock after selling 122,810 shares during the period. Fmr LLC owned approximately 0.68% of Duke Energy Corporation worth $400,128,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in DUK. Winfield Associates Inc. increased its holdings in shares of Duke Energy Corporation by 14.3% during the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 165 shares in the last quarter. Jolley Asset Management LLC increased its holdings in shares of Duke Energy Corporation by 26.4% during the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 313 shares in the last quarter. Daiwa SB Investments Ltd. purchased a new position in shares of Duke Energy Corporation during the 2nd quarter valued at approximately $130,000. Jacobi Capital Management LLC increased its holdings in shares of Duke Energy Corporation by 104.1% during the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Camarda Financial Advisors LLC increased its holdings in shares of Duke Energy Corporation by 357.1% during the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 56.27% of the company’s stock.
Shares of Duke Energy Corporation (DUK) opened at $88.52 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The company has a market capitalization of $61,961.84, a PE ratio of 19.89, a price-to-earnings-growth ratio of 4.83 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The company had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the previous year, the company posted $1.68 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. research analysts predict that Duke Energy Corporation will post 4.57 earnings per share for the current year.
The firm also recently announced 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 4.02%. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 117.49%.
DUK has been the subject of several recent research reports. Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Citigroup Inc. lifted their target price on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. BidaskClub raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $87.00 price target (down previously from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 10th. Finally, KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $86.38.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.07% of the company’s stock.
Duke Energy Corporation 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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