Verity Asset Management Inc. lifted its position in shares of Duke Energy Corp (NYSE:DUK) by 18.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,181 shares of the utilities provider’s stock after buying an additional 803 shares during the period. Verity Asset Management Inc.’s holdings in Duke Energy were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tributary Capital Management LLC acquired a new position in shares of Duke Energy in the second quarter worth $702,000. Kaizen Advisory LLC grew its stake in shares of Duke Energy by 125.8% in the second quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 858 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Duke Energy by 2.0% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 106,307 shares of the utilities provider’s stock worth $8,407,000 after acquiring an additional 2,042 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of Duke Energy by 137.3% in the second quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 1,002 shares in the last quarter. Finally, E&G Advisors LP grew its stake in shares of Duke Energy by 85.7% in the second quarter. E&G Advisors LP now owns 10,400 shares of the utilities provider’s stock worth $822,000 after acquiring an additional 4,800 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.
Several equities analysts have commented on the stock. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Barclays boosted their price target on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Wells Fargo & Co dropped their price target on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a research note on Monday, November 5th. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. Finally, Morgan Stanley dropped their price target on shares of Duke Energy from $91.00 to $85.00 and set a “hold” rating for the company in a research note on Friday, September 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $84.13.
Duke Energy stock opened at $86.98 on Monday. The firm has a market cap of $61.84 billion, a PE ratio of 19.03, a PEG ratio of 3.64 and a beta of -0.06. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $89.72. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.46.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.12. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The business had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the previous year, the company earned $1.59 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that Duke Energy Corp will post 4.74 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be given a $0.9275 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.71 dividend on an annualized basis and a yield of 4.27%. Duke Energy’s dividend payout ratio (DPR) is presently 81.18%.
Duke Energy Company 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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