Mycio Wealth Partners LLC trimmed its position in Duke Energy Corp (NYSE:DUK) by 6.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 23,682 shares of the utilities provider’s stock after selling 1,541 shares during the period. Mycio Wealth Partners LLC’s holdings in Duke Energy were worth $1,987,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Winfield Associates Inc. grew its holdings in Duke Energy by 14.3% during the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 165 shares during the period. Daiwa SB Investments Ltd. acquired a new stake in Duke Energy during the 2nd quarter worth about $130,000. Jacobi Capital Management LLC grew its holdings in Duke Energy by 104.1% during the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 1,010 shares during the period. Camarda Financial Advisors LLC grew its stake in shares of Duke Energy by 357.1% in the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after buying an additional 1,664 shares during the period. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of Duke Energy in the 2nd quarter valued at about $181,000. Institutional investors own 56.30% of the company’s stock.
Several analysts have recently commented on the company. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Wolfe Research upgraded Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 price target on shares of Duke Energy in a research note on Tuesday, November 7th. SunTrust Banks, Inc. reissued a “hold” rating and set a $90.00 target price on shares of Duke Energy in a research report on Monday, November 6th. Finally, Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $86.90.
Shares of Duke Energy Corp (NYSE:DUK) opened at $88.78 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The company has a market cap of $62,143.87, a P/E ratio of 19.95, a P/E/G ratio of 4.86 and a beta of 0.26. Duke Energy Corp has a 1-year low of $72.34 and a 1-year high of $91.80.
Duke Energy (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 EPS. analysts expect that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be given a dividend of $0.89 per share. 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 4.01%. Duke Energy’s dividend payout ratio (DPR) is currently 117.49%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by insiders.
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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