State of Tennessee Treasury Department grew its position in Duke Energy Corp (NYSE:DUK) by 28.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,448 shares of the utilities provider’s stock after acquiring an additional 55,007 shares during the quarter. State of Tennessee Treasury Department’s holdings in Duke Energy were worth $20,645,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Duke Energy by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock worth $4,183,115,000 after buying an additional 1,572,216 shares during the period. BlackRock Inc. lifted its position in shares of Duke Energy by 0.9% during the 4th quarter. BlackRock Inc. now owns 45,499,220 shares of the utilities provider’s stock worth $3,826,940,000 after buying an additional 424,604 shares during the period. Northern Trust Corp lifted its position in shares of Duke Energy by 0.9% during the 2nd quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock worth $757,629,000 after buying an additional 84,730 shares during the period. Legal & General Group Plc lifted its position in shares of Duke Energy by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock worth $422,872,000 after buying an additional 164,381 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Duke Energy by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 3,553,139 shares of the utilities provider’s stock worth $298,855,000 after buying an additional 128,752 shares during the period. Institutional investors own 57.18% of the company’s stock.
Several equities analysts recently commented on the company. Wells Fargo & Co restated a “market perform” rating and set a $82.00 target price (down previously from $92.00) on shares of Duke Energy in a research report on Wednesday. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Morgan Stanley cut their target price on Duke Energy from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th. SunTrust Banks set a $79.00 target price on Duke Energy and gave the stock a “hold” rating in a research report on Monday, February 12th. Finally, UBS Group assumed coverage on Duke Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $91.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. Duke Energy presently has an average rating of “Hold” and an average price target of $86.86.
Shares of Duke Energy Corp (NYSE DUK) opened at $77.22 on Friday. Duke Energy Corp has a twelve month low of $72.93 and a twelve month high of $91.80. The firm has a market capitalization of $54,050.00, a price-to-earnings ratio of 21.33, a P/E/G ratio of 4.32 and a beta of 0.12. The company has a current ratio of 0.68, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The firm had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same period last year, the firm posted $0.81 EPS. The business’s revenue was up 4.1% on a year-over-year basis. equities analysts anticipate that Duke Energy Corp will post 4.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be issued a dividend of $0.89 per share. The ex-dividend date is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a yield of 4.61%. Duke Energy’s dividend payout ratio is 98.34%.
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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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