Bronfman E.L. Rothschild L.P. cut its stake in shares of Duke Energy Corp (NYSE:DUK) by 12.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,731 shares of the utilities provider’s stock after selling 1,139 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Duke Energy were worth $649,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Duke Energy by 2,866.0% during the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after acquiring an additional 41,268,968 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Duke Energy by 33.1% during 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 acquiring an additional 2,345,114 shares during the period. Vanguard Group Inc. raised its holdings in Duke Energy by 4.1% during 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 acquiring an additional 1,918,598 shares during the period. Morgan Stanley raised its holdings in Duke Energy by 25.1% during the first quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock valued at $402,605,000 after acquiring an additional 986,456 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in Duke Energy by 575.7% during 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 acquiring an additional 814,210 shares during the period. Institutional investors own 57.34% of the company’s stock.
A number of equities research analysts have commented on the company. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Wolfe Research raised Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. SunTrust Banks reissued a “hold” rating and set a $90.00 price target on shares of Duke Energy in a report on Monday, November 6th. Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $87.00 price target on shares of Duke Energy in a report on Tuesday, November 7th. 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 stock. The stock currently has an average rating of “Hold” and a consensus price target of $87.21.
Shares of Duke Energy Corp (NYSE:DUK) opened at $87.84 on Monday. Duke Energy Corp has a twelve month low of $75.78 and a twelve month high of $91.80. 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 stock has a market capitalization of $61,475.39, a PE ratio of 19.74, a PEG ratio of 4.80 and a beta of 0.26.
Duke Energy (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. research analysts anticipate that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a $0.89 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.05%. Duke Energy’s dividend payout ratio (DPR) is 117.49%.
About Duke Energy
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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