Integrated Advisors Network LLC reduced its holdings in shares of Duke Energy Co. (NYSE:DUK) by 23.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,306 shares of the utilities provider’s stock after selling 7,032 shares during the quarter. Integrated Advisors Network LLC’s holdings in Duke Energy were worth $2,064,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of DUK. Thrivent Financial for Lutherans increased its holdings in Duke Energy by 491.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 476,051 shares of the utilities provider’s stock valued at $38,039,000 after acquiring an additional 395,498 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Duke Energy by 5.7% during the second quarter. California Public Employees Retirement System now owns 6,017,090 shares of the utilities provider’s stock worth $480,705,000 after buying an additional 325,275 shares in the last quarter. Prudential PLC grew its holdings in shares of Duke Energy by 33.8% during the second quarter. Prudential PLC now owns 1,228,411 shares of the utilities provider’s stock worth $98,138,000 after buying an additional 310,052 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Duke Energy by 23.9% during the second quarter. Canada Pension Plan Investment Board now owns 1,555,772 shares of the utilities provider’s stock worth $124,290,000 after buying an additional 300,029 shares in the last quarter. Finally, Schafer Cullen Capital Management Inc grew its holdings in shares of Duke Energy by 44.2% during the second quarter. Schafer Cullen Capital Management Inc now owns 887,652 shares of the utilities provider’s stock worth $70,915,000 after buying an additional 272,144 shares in the last quarter. Hedge funds and other institutional investors own 63.79% of the company’s stock.
DUK stock traded down $0.56 during midday trading on Tuesday, reaching $94.45. 12,169 shares of the company’s stock traded hands, compared to its average volume of 3,793,677. The company has a market capitalization of $69.92 billion, a P/E ratio of 34.80, a PEG ratio of 5.12 and a beta of 0.24. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.55 and a quick ratio of 0.36. Duke Energy Co. has a fifty-two week low of $62.13 and a fifty-two week high of $103.79. The business has a 50-day moving average price of $92.34 and a two-hundred day moving average price of $85.39.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.08. The firm had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $7.34 billion. Duke Energy had a net margin of 8.76% and a return on equity of 8.10%. Duke Energy’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 earnings per share. As a group, research analysts forecast that Duke Energy Co. will post 5.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be paid a $0.965 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $3.86 dividend on an annualized basis and a dividend yield of 4.09%. Duke Energy’s dividend payout ratio (DPR) is presently 76.28%.
A number of equities research analysts have recently commented on the stock. Credit Suisse Group lifted their price target on shares of Duke Energy from $91.00 to $92.00 and gave the stock a “neutral” rating in a 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 target for the company. in a report on Thursday, October 1st. Bank of America upgraded shares of Duke Energy from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $87.00 to $85.00 in a report on Wednesday, September 9th. Finally, Morgan Stanley raised their target price on shares of Duke Energy from $98.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $94.00.
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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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