Ingalls & Snyder LLC lessened its holdings in shares of Duke Energy Corp (NYSE:DUK) by 5.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,908 shares of the utilities provider’s stock after selling 1,093 shares during the quarter. Ingalls & Snyder LLC’s holdings in Duke Energy were worth $1,725,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Marshall Wace LLP purchased a new position in Duke Energy in the 1st quarter worth approximately $79,000. United Bank boosted its holdings in Duke Energy by 3.6% in the 2nd quarter. United Bank now owns 23,993 shares of the utilities provider’s stock worth $2,117,000 after acquiring an additional 844 shares during the period. Schroder Investment Management Group boosted its holdings in Duke Energy by 13.4% in the 2nd quarter. Schroder Investment Management Group now owns 401,459 shares of the utilities provider’s stock worth $35,425,000 after acquiring an additional 47,425 shares during the period. Pictet Asset Management Ltd. boosted its holdings in Duke Energy by 3.5% in the 2nd quarter. Pictet Asset Management Ltd. now owns 1,742,891 shares of the utilities provider’s stock worth $153,793,000 after acquiring an additional 59,358 shares during the period. Finally, Pinebridge Investments L.P. purchased a new position in Duke Energy in the 2nd quarter worth approximately $93,000. 60.16% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on DUK. Morgan Stanley decreased their price target on Duke Energy from $96.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. Mizuho began coverage on Duke Energy in a report on Friday, November 22nd. They issued a “neutral” rating and a $90.00 price target for the company. JPMorgan Chase & Co. increased their target price on Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Goldman Sachs Group upgraded Duke Energy from a “sell” rating to a “buy” rating and increased their target price for the company from $88.00 to $93.00 in a research note on Wednesday, November 27th. Finally, Evercore ISI reiterated a “hold” rating and set a $92.00 target price on shares of Duke Energy in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Duke Energy currently has an average rating of “Hold” and a consensus price target of $95.17.
Duke Energy stock opened at $92.49 on Thursday. The stock has a market cap of $66.56 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 3.67 and a beta of 0.06. The company has a current ratio of 0.72, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. The stock has a 50 day moving average of $90.05 and a 200-day moving average of $91.24. Duke Energy Corp has a 52 week low of $84.28 and a 52 week high of $97.37.
Duke Energy (NYSE:DUK) last released its earnings results on Friday, November 8th. The utilities provider reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.10. The company had revenue of $6.94 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a return on equity of 8.24% and a net margin of 14.10%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 EPS. As a group, equities analysts predict that Duke Energy Corp will post 5.03 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 14th will be paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, February 13th. Duke Energy’s dividend payout ratio (DPR) is presently 80.08%.
Duke Energy Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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