Gabelli Funds LLC Sells 4,000 Shares of Duke Energy Corp (DUK)

Gabelli Funds LLC lessened its position in shares of Duke Energy Corp (NYSE:DUK) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 383,000 shares of the utilities provider’s stock after selling 4,000 shares during the period. Gabelli Funds LLC owned 0.05% of Duke Energy worth $32,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DUK. Eliot Finkel Investment Counsel LLC bought a new stake in shares of Duke Energy during the 1st quarter valued at $3,305,000. SRS Capital Advisors Inc. raised its stake in shares of Duke Energy by 3.1% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,114 shares of the utilities provider’s stock valued at $255,000 after purchasing an additional 93 shares during the period. Verity Asset Management Inc. bought a new stake in shares of Duke Energy during the 1st quarter valued at $407,000. Legal & General Group Plc raised its stake in shares of Duke Energy by 3.7% during the 1st quarter. Legal & General Group Plc now owns 4,727,381 shares of the utilities provider’s stock valued at $387,699,000 after purchasing an additional 168,181 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of Duke Energy by 12.0% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 19,265 shares of the utilities provider’s stock valued at $1,580,000 after purchasing an additional 2,058 shares during the period. 57.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Duke Energy Corp (NYSE:DUK) traded up $0.35 during trading on Thursday, hitting $88.31. The stock had a trading volume of 1,970,400 shares, compared to its average volume of 2,592,047. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The company has a market cap of $61,569.85, a price-to-earnings ratio of 19.77, a PEG ratio of 4.81 and a beta of 0.26. Duke Energy Corp has a 12-month low of $73.50 and a 12-month high of $91.80.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 EPS. analysts expect that Duke Energy Corp will post 4.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.03%. Duke Energy’s dividend payout ratio (DPR) is presently 117.49%.

DUK has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on Duke Energy from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Thursday, August 24th. Deutsche Bank restated a “hold” rating and issued a $84.00 target price (up from $83.00) on shares of Duke Energy in a research note on Wednesday, August 9th. SunTrust Banks restated a “hold” rating and issued a $90.00 target price on shares of Duke Energy in a research note on Monday, November 6th. Finally, BidaskClub upgraded Duke Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $86.90.

In other news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

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Duke Energy 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.

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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