Calamos Advisors LLC lowered its stake in Duke Energy Corp (NYSE:DUK) by 1.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 193,194 shares of the utilities provider’s stock after selling 2,299 shares during the period. Calamos Advisors LLC’s holdings in Duke Energy were worth $17,621,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 1.9% in the second quarter. Vanguard Group Inc. now owns 59,914,178 shares of the utilities provider’s stock valued at $5,286,827,000 after buying an additional 1,102,963 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Duke Energy by 1.8% in the second quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock valued at $4,450,250,000 after buying an additional 888,787 shares in the last quarter. State Street Corp increased its holdings in shares of Duke Energy by 1.1% in the third quarter. State Street Corp now owns 37,751,534 shares of the utilities provider’s stock valued at $3,618,862,000 after buying an additional 398,849 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Duke Energy by 4.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 21,318,682 shares of the utilities provider’s stock valued at $2,043,609,000 after buying an additional 990,017 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Duke Energy by 10.5% in the third quarter. California Public Employees Retirement System now owns 5,820,070 shares of the utilities provider’s stock valued at $557,912,000 after buying an additional 552,223 shares in the last quarter. 60.16% of the stock is currently owned by institutional investors.
Shares of NYSE:DUK opened at $92.49 on Thursday. The company’s fifty day moving average is $90.05 and its two-hundred day moving average is $91.24. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 1.24. Duke Energy Corp has a 12-month low of $84.28 and a 12-month high of $97.37. The company 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.
Duke Energy (NYSE:DUK) last announced its earnings results on Friday, November 8th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.10. Duke Energy had a net margin of 14.10% and a return on equity of 8.24%. The company had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the previous year, the business earned $1.65 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Duke Energy Corp will post 5.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders 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 currently 80.08%.
Several research analysts have issued reports on DUK shares. JPMorgan Chase & Co. upped their price target on Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Goldman Sachs Group raised Duke Energy from a “sell” rating to a “buy” rating and upped their price target for the company from $88.00 to $93.00 in a report on Wednesday, November 27th. Evercore ISI reissued a “hold” rating and set a $92.00 target price on shares of Duke Energy in a research note on Wednesday, December 4th. UBS Group reissued a “buy” rating and set a $105.00 target price on shares of Duke Energy in a research note on Thursday, January 2nd. Finally, Bank of America downgraded shares of Duke Energy to an “underperform” rating and boosted their target price for the company from to in a research note on Monday. Two equities 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $95.17.
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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