Russell Investments Group Ltd. Sells 136,071 Shares of Duke Energy Corp (DUK)
Russell Investments Group Ltd. trimmed its holdings in shares of Duke Energy Corp (NYSE:DUK) by 12.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 991,751 shares of the utilities provider’s stock after selling 136,071 shares during the period. Russell Investments Group Ltd. owned approximately 0.14% of Duke Energy worth $83,198,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 3.2% during the second quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock valued at $4,183,115,000 after purchasing an additional 1,572,216 shares during the period. BlackRock Inc. grew its holdings in Duke Energy by 1.2% during the second quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock worth $3,612,384,000 after acquiring an additional 506,596 shares during the period. Federated Investors Inc. PA grew its holdings in Duke Energy by 1.5% during the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock worth $791,919,000 after acquiring an additional 141,551 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Duke Energy by 33.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock worth $772,704,000 after acquiring an additional 2,345,114 shares during the period. Finally, Northern Trust Corp grew its holdings in Duke Energy by 0.9% during the second quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock worth $757,629,000 after acquiring an additional 84,730 shares during the period. 57.34% of the stock is currently owned by institutional investors.
In related 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.07% of the company’s stock.
DUK has been the topic of a number of research analyst reports. Zacks Investment Research lowered Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Bank of America reaffirmed a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a report on Tuesday, October 24th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy in a report on Friday, September 1st. Citigroup lifted their target price on Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley lifted their target price on Duke Energy from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Duke Energy has an average rating of “Hold” and a consensus target price of $87.21.
Duke Energy Corp (NYSE:DUK) opened at $87.56 on Thursday. The firm has a market capitalization of $60,988.87, a PE ratio of 19.58, a P/E/G ratio of 4.77 and a beta of 0.26. Duke Energy Corp has a 12 month low of $74.95 and a 12 month high of $91.80. 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 issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. Duke Energy’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. analysts expect that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.07%. Duke Energy’s dividend payout ratio is currently 117.49%.
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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