Rothschild & Co. Asset Management US Inc. cut its holdings in Duke Energy Co. (NYSE:DUK) by 28.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 467,942 shares of the utilities provider’s stock after selling 182,683 shares during the period. Duke Energy comprises approximately 0.7% of Rothschild & Co. Asset Management US Inc.’s holdings, making the stock its 27th biggest position. Rothschild & Co. Asset Management US Inc. owned 0.06% of Duke Energy worth $41,440,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. California Public Employees Retirement System boosted its stake in Duke Energy by 1.8% during the 3rd quarter. California Public Employees Retirement System now owns 6,128,238 shares of the utilities provider’s stock valued at $542,717,000 after purchasing an additional 111,148 shares during the period. Federated Hermes Inc. grew its position in Duke Energy by 1.5% in the second quarter. Federated Hermes Inc. now owns 5,068,165 shares of the utilities provider’s stock valued at $404,896,000 after purchasing an additional 75,796 shares in the last quarter. Swiss National Bank grew its position in shares of Duke Energy by 0.3% in the 2nd quarter. Swiss National Bank now owns 3,673,725 shares of the utilities provider’s stock valued at $293,494,000 after acquiring an additional 12,100 shares during the period. Morgan Stanley grew its position in shares of Duke Energy by 3.3% in the 1st quarter. Morgan Stanley now owns 3,621,472 shares of the utilities provider’s stock valued at $292,905,000 after acquiring an additional 114,365 shares during the period. Finally, Two Sigma Advisers LP grew its position 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 valued at $140,391,000 after acquiring an additional 208,500 shares during the period. 63.79% of the stock is owned by institutional investors and hedge funds.
Duke Energy stock traded down $0.63 during midday trading on Tuesday, hitting $94.38. The company’s stock had a trading volume of 19,547 shares, compared to its average volume of 3,793,677. Duke Energy Co. has a 1-year low of $62.13 and a 1-year high of $103.79. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.55 and a quick ratio of 0.36. The company has a 50-day moving average price of $92.34 and a two-hundred day moving average price of $85.39. The company has a market cap of $69.92 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 5.12 and a beta of 0.24.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.08. Duke Energy had a net margin of 8.76% and a return on equity of 8.10%. The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $7.34 billion. During the same quarter in the previous year, the company earned $1.79 EPS. The business’s revenue was down 3.2% on a year-over-year basis. Sell-side analysts forecast that Duke Energy Co. will post 5.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Friday, November 13th will be paid a $0.965 dividend. This represents a $3.86 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, November 12th. Duke Energy’s dividend payout ratio (DPR) is 76.28%.
DUK has been the subject of a number of analyst reports. Credit Suisse Group lifted their price objective on shares of Duke Energy from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, November 9th. Scotiabank downgraded shares of Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 price objective for the company. in a research report on Thursday, October 1st. Morgan Stanley lifted their price objective on shares of Duke Energy from $98.00 to $101.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Bank of America upgraded shares of Duke Energy from a “neutral” rating to a “buy” rating and cut their target price for the stock from $87.00 to $85.00 in a research note on Wednesday, September 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $94.00.
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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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