ST Germain D J Co. Inc. lifted its stake in Duke Energy Corp (NYSE:DUK) by 22.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,691 shares of the utilities provider’s stock after purchasing an additional 1,033 shares during the period. ST Germain D J Co. Inc.’s holdings in Duke Energy were worth $478,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in DUK. BlackRock Inc. lifted its stake in shares of Duke Energy by 2,866.0% in the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after purchasing an additional 41,268,968 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Duke Energy by 33.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after purchasing an additional 2,345,114 shares during the period. Vanguard Group Inc. lifted its stake in shares of Duke Energy by 4.1% in the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after purchasing an additional 1,918,598 shares during the period. Morgan Stanley lifted its stake in shares of Duke Energy by 25.1% in the first quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock valued at $402,605,000 after purchasing an additional 986,456 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Duke Energy by 575.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the utilities provider’s stock valued at $81,984,000 after purchasing an additional 814,210 shares during the period. Hedge funds and other institutional investors own 57.34% of the company’s stock.
Several brokerages recently commented on DUK. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Bank of America restated a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a report on Tuesday, October 24th. SunTrust Banks restated a “hold” rating and set a $88.00 target price on shares of Duke Energy in a report on Thursday, October 12th. Morgan Stanley raised their target price on shares of Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $87.00 target price on shares of Duke Energy in a report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $86.90.
Duke Energy Corp (NYSE DUK) opened at $88.26 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a twelve month low of $73.50 and a twelve month high of $91.80. The firm has a market cap of $62,031.84, a PE ratio of 19.92, a price-to-earnings-growth ratio of 4.85 and a beta of 0.26.
Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 earnings per share. equities research analysts anticipate that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.03%. Duke Energy’s dividend payout ratio (DPR) is presently 117.49%.
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Duke Energy Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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