QS Investors LLC increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 0.4% in the 4th quarter, Holdings Channel reports. The firm owned 226,081 shares of the utilities provider’s stock after acquiring an additional 973 shares during the quarter. QS Investors LLC’s holdings in Duke Energy were worth $19,511,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Intl Fcstone Inc. increased its holdings in shares of Duke Energy by 4.1% in the fourth quarter. Intl Fcstone Inc. now owns 3,275 shares of the utilities provider’s stock valued at $283,000 after purchasing an additional 128 shares during the period. Hartford Financial Management Inc. increased its holdings in shares of Duke Energy by 8.0% in the fourth quarter. Hartford Financial Management Inc. now owns 1,761 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 131 shares during the period. Cigna Investments Inc. New increased its holdings in shares of Duke Energy by 0.6% in the fourth quarter. Cigna Investments Inc. New now owns 20,878 shares of the utilities provider’s stock valued at $1,802,000 after purchasing an additional 131 shares during the period. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Duke Energy by 3.2% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,243 shares of the utilities provider’s stock valued at $366,000 after purchasing an additional 133 shares during the period. Finally, Dividend Assets Capital LLC increased its holdings in shares of Duke Energy by 3.8% in the fourth quarter. Dividend Assets Capital LLC now owns 3,770 shares of the utilities provider’s stock valued at $325,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 61.97% of the company’s stock.
Shares of DUK stock opened at $90.43 on Friday. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.35. The firm has a market cap of $65.80 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 3.64 and a beta of 0.06. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.05). Duke Energy had a return on equity of 7.80% and a net margin of 10.87%. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same period in the prior year, the company earned $0.94 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts predict that Duke Energy Corp will post 4.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, February 15th will be issued a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, February 14th. Duke Energy’s dividend payout ratio is presently 78.60%.
A number of research firms have recently issued reports on DUK. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Wednesday, December 12th. Bank of America boosted their target price on Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a report on Monday. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Morgan Stanley boosted their target price on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Finally, Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $85.08.
In other Duke Energy news, EVP Lloyd M. Yates sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $88.51, for a total value of $309,785.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Lynn J. Good sold 15,000 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $89.92, for a total value of $1,348,800.00. The disclosure for this sale can be found here. Insiders have sold 21,250 shares of company stock worth $1,900,878 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
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Duke Energy Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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