New York State Common Retirement Fund Increases Holdings in Duke Energy Corp (DUK)
New York State Common Retirement Fund raised its position in shares of Duke Energy Corp (NYSE:DUK) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,757,500 shares of the utilities provider’s stock after purchasing an additional 17,000 shares during the period. New York State Common Retirement Fund owned 0.25% of Duke Energy worth $147,489,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in shares of Duke Energy by 3.7% in the first quarter. Legal & General Group Plc now owns 4,727,381 shares of the utilities provider’s stock worth $387,699,000 after acquiring an additional 168,181 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in shares of Duke Energy by 12.0% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 19,265 shares of the utilities provider’s stock worth $1,580,000 after acquiring an additional 2,058 shares during the period. Simmons Bank boosted its holdings in shares of Duke Energy by 1.4% in the first quarter. Simmons Bank now owns 19,864 shares of the utilities provider’s stock worth $1,630,000 after acquiring an additional 267 shares during the period. Birch Hill Investment Advisors LLC boosted its holdings in shares of Duke Energy by 2.4% in the first quarter. Birch Hill Investment Advisors LLC now owns 9,443 shares of the utilities provider’s stock worth $774,000 after acquiring an additional 222 shares during the period. Finally, Sentry Investment Management LLC boosted its holdings in shares of Duke Energy by 33.7% in the first quarter. Sentry Investment Management LLC now owns 55,691 shares of the utilities provider’s stock worth $4,567,000 after acquiring an additional 14,041 shares during the period. 57.34% of the stock is owned by institutional investors and hedge funds.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.
Shares of Duke Energy Corp (DUK) opened at $88.37 on Tuesday. The stock has a market capitalization of $61,632.85, a price-to-earnings ratio of 19.79, a P/E/G ratio of 4.82 and a beta of 0.26. Duke Energy Corp has a 52 week low of $74.95 and a 52 week high of $91.80. 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 posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $1.68 earnings per share. equities analysts expect 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. Shareholders of record on Friday, November 17th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.03%. Duke Energy’s payout ratio is 117.49%.
A number of equities analysts have recently commented on the company. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Wolfe Research raised Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $87.00 price target on shares of Duke Energy in a report on Tuesday, November 7th. SunTrust Banks reissued a “hold” rating and set a $90.00 price objective on shares of Duke Energy in a research note on Monday, November 6th. Finally, Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.90.
Duke Energy 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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