Rothschild Investment Corp IL Sells 1,904 Shares of Duke Energy Corp (DUK)
Rothschild Investment Corp IL lessened its holdings in shares of Duke Energy Corp (NYSE:DUK) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,432 shares of the utilities provider’s stock after selling 1,904 shares during the quarter. Rothschild Investment Corp IL’s holdings in Duke Energy were worth $3,897,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of DUK. BlackRock Inc. raised its stake in Duke Energy by 2,866.0% during the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after buying an additional 41,268,968 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Duke Energy by 33.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock worth $772,704,000 after buying an additional 2,345,114 shares during the period. Vanguard Group Inc. raised its stake in Duke Energy by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock worth $3,975,109,000 after buying an additional 1,918,598 shares during the period. FMR LLC raised its stake in Duke Energy by 30.6% during the 1st quarter. FMR LLC now owns 4,909,584 shares of the utilities provider’s stock worth $402,635,000 after buying an additional 1,151,408 shares during the period. Finally, Morgan Stanley raised its stake in Duke Energy by 25.1% during the 1st quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock worth $402,605,000 after buying an additional 986,456 shares during the period. 57.34% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Corp (NYSE:DUK) traded up $0.18 on Friday, hitting $89.18. The company’s stock had a trading volume of 4,393,100 shares, compared to its average volume of 2,589,865. Duke Energy Corp has a 1 year low of $72.34 and a 1 year high of $91.80. The firm has a market cap of $62,110.00, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 4.87 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 (NYSE:DUK) last released its quarterly earnings results 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. 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 the consensus estimate of $7.43 billion. During the same quarter last year, the business posted $1.68 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. research analysts expect that Duke Energy Corp will post 4.56 EPS for the current 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 paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, November 16th. Duke Energy’s dividend payout ratio is 93.44%.
DUK has been the topic of several research analyst reports. Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Bank of America reaffirmed a “neutral” rating and set a $92.00 price objective on shares of Duke Energy in a research note on Tuesday, October 24th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy in a research note on Friday, September 1st. Citigroup raised their price objective on Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Finally, Morgan Stanley raised their price objective on Duke Energy from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Duke Energy presently has an average rating of “Hold” and a consensus price target of $86.90.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction dated 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 filing with the SEC, which is accessible through this link. Company insiders own 0.07% of the company’s stock.
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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