State Board of Administration of Florida Retirement System Buys 3,110 Shares of Duke Energy Corp (DUK)
State Board of Administration of Florida Retirement System grew its stake in Duke Energy Corp (NYSE:DUK) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,036,496 shares of the utilities provider’s stock after buying an additional 3,110 shares during the period. State Board of Administration of Florida Retirement System owned 0.15% of Duke Energy worth $86,983,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Winfield Associates Inc. boosted its position in shares of Duke Energy 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. Daiwa SB Investments Ltd. bought a new stake in shares of Duke Energy during the 2nd quarter valued at about $130,000. Jacobi Capital Management LLC boosted its position in shares of Duke Energy 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. Camarda Financial Advisors LLC boosted its position in shares of Duke Energy 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. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Duke Energy during the 2nd quarter valued at about $181,000. 57.34% of the stock is owned by institutional investors.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through this link. 0.07% of the stock is owned by company insiders.
Duke Energy Corp (NYSE:DUK) opened at $88.26 on Wednesday. The stock has a market capitalization of $62,031.84, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 4.85 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 Corp has a fifty-two week low of $73.50 and a fifty-two week high of $91.80.
Duke Energy (NYSE:DUK) last announced its quarterly 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 had a return on equity of 7.54% and a net margin of 9.09%. The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the prior year, the company earned $1.68 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. equities analysts expect that Duke Energy Corp will post 4.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued 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 dividend yield of 4.03%. Duke Energy’s dividend payout ratio is presently 117.49%.
Several equities research analysts recently commented on DUK shares. Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Friday, September 15th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 price target on shares of Duke Energy in a report on Tuesday, August 29th. BidaskClub upgraded Duke Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, Morgan Stanley increased their price target on Duke Energy from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $86.90.
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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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