Raymond James Trust N.A. boosted its stake in Duke Energy Co. (NYSE:DUK) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,923 shares of the utilities provider’s stock after acquiring an additional 1,043 shares during the period. Raymond James Trust N.A.’s holdings in Duke Energy were worth $6,128,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in DUK. Morgan Stanley boosted its holdings in Duke Energy by 25.0% in the third quarter. Morgan Stanley now owns 4,957,683 shares of the utilities provider’s stock valued at $439,053,000 after acquiring an additional 992,573 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Duke Energy by 144.1% in the 3rd quarter. Squarepoint Ops LLC now owns 801,773 shares of the utilities provider’s stock worth $71,005,000 after buying an additional 473,254 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Duke Energy by 1.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 25,714,222 shares of the utilities provider’s stock worth $2,277,250,000 after buying an additional 355,234 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Duke Energy by 13.5% in the 2nd quarter. Two Sigma Advisers LP now owns 1,757,301 shares of the utilities provider’s stock worth $140,391,000 after buying an additional 208,500 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Duke Energy by 16.4% in the 3rd quarter. First Trust Advisors LP now owns 1,303,922 shares of the utilities provider’s stock valued at $115,475,000 after acquiring an additional 184,160 shares in the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.
In other news, COO Dhiaa M. Jamil sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 20th. The stock was sold at an average price of $92.63, for a total transaction of $324,205.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on DUK shares. BidaskClub raised Duke Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, December 16th. Barclays upped their price objective on Duke Energy from $87.00 to $102.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 18th. Morgan Stanley lowered their price objective on Duke Energy from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 15th. Scotiabank downgraded Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a research note on Thursday, October 1st. Finally, BMO Capital Markets began coverage on Duke Energy in a research report on Tuesday, November 24th. They set an “outperform” rating and a $99.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $96.42.
DUK stock traded up $2.63 during midday trading on Wednesday, hitting $91.56. The company’s stock had a trading volume of 3,583,904 shares, compared to its average volume of 2,804,931. Duke Energy Co. has a 12 month low of $62.13 and a 12 month high of $103.79. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $67.38 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 4.87 and a beta of 0.22. The company has a 50 day moving average of $91.21 and a two-hundred day moving average of $87.48.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.08. Duke Energy had a return on equity of 8.28% and a net margin of 8.68%. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $7.34 billion. During the same period in the prior year, the company posted $1.79 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, analysts anticipate that Duke Energy Co. will post 5.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 16th. Stockholders of record on Friday, February 12th will be issued a dividend of $0.965 per share. The ex-dividend date is Thursday, February 11th. This represents a $3.86 annualized dividend and a dividend yield of 4.22%. Duke Energy’s dividend payout ratio (DPR) is 76.28%.
About Duke Energy
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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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