NN Investment Partners Holdings N.V. cut its holdings in shares of Duke Energy Corp (NYSE:DUK) by 95.8% during the third quarter, HoldingsChannel.com reports. The firm owned 5,171 shares of the utilities provider’s stock after selling 117,071 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Duke Energy were worth $413,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Boothe Investment Group Inc. acquired a new position in Duke Energy during the 2nd quarter valued at about $420,000. Cornerstone Capital Inc. lifted its position in Duke Energy by 6.2% during the 2nd quarter. Cornerstone Capital Inc. now owns 58,289 shares of the utilities provider’s stock valued at $4,609,000 after purchasing an additional 3,395 shares during the period. Millennium Management LLC lifted its position in Duke Energy by 23.2% during the 2nd quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock valued at $137,648,000 after purchasing an additional 328,285 shares during the period. American Research & Management Co. acquired a new position in Duke Energy during the 2nd quarter valued at about $1,158,000. Finally, Advisors Asset Management Inc. lifted its position in Duke Energy by 69.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 214,894 shares of the utilities provider’s stock valued at $16,994,000 after purchasing an additional 87,950 shares during the period. Institutional investors own 58.85% of the company’s stock.
Shares of NYSE:DUK opened at $84.70 on Thursday. The company has a market capitalization of $60.12 billion, a P/E ratio of 18.53, a PEG ratio of 3.54 and a beta of -0.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.68. Duke Energy Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.80.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12. The business had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.59 billion. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. Duke Energy’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company posted $1.59 EPS. On average, analysts forecast that Duke Energy Corp will post 4.74 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.71 annualized dividend and a yield of 4.38%. Duke Energy’s dividend payout ratio (DPR) is currently 81.18%.
A number of research analysts have issued reports on DUK shares. Morgan Stanley cut their target price on shares of Duke Energy from $91.00 to $85.00 and set a “hold” rating on the stock in a research report on Friday, September 21st. Wells Fargo & Co increased their price target on shares of Duke Energy from $86.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. Guggenheim reiterated a “buy” rating and issued a $86.00 price target on shares of Duke Energy in a research report on Friday, August 17th. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Finally, JPMorgan Chase & Co. upgraded shares of Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 price target on the stock in a research report on Monday, July 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $84.00.
In other Duke Energy news, COO Dhiaa M. Jamil sold 4,279 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total transaction of $348,909.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Dhiaa M. Jamil sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $80.98, for a total transaction of $566,860.00. Following the sale, the chief operating officer now owns 4,279 shares in the company, valued at $346,513.42. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.
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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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