Investment Centers of America Inc. cut its position in shares of Duke Energy Corp (NYSE:DUK) by 4.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,098 shares of the utilities provider’s stock after selling 1,823 shares during the quarter. Investment Centers of America Inc.’s holdings in Duke Energy were worth $3,534,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Thrivent Financial For Lutherans increased its holdings in shares of Duke Energy by 6.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 27,619 shares of the utilities provider’s stock valued at $2,256,000 after purchasing an additional 1,760 shares during the period. Foresters Investment Management Company Inc. increased its holdings in shares of Duke Energy by 2.7% in the 1st quarter. Foresters Investment Management Company Inc. now owns 45,900 shares of the utilities provider’s stock valued at $3,764,000 after purchasing an additional 1,200 shares during the period. Global X Management Co. LLC increased its holdings in shares of Duke Energy by 9.9% in the 1st quarter. Global X Management Co. LLC now owns 108,999 shares of the utilities provider’s stock valued at $8,939,000 after purchasing an additional 9,840 shares during the period. Edgar Lomax Co. VA increased its holdings in shares of Duke Energy by 3,283.0% in the 1st quarter. Edgar Lomax Co. VA now owns 294,320 shares of the utilities provider’s stock valued at $24,137,000 after purchasing an additional 285,620 shares during the period. Finally, Guardian Life Insurance Co. of America increased its holdings in shares of Duke Energy by 2.4% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,702 shares of the utilities provider’s stock valued at $222,000 after purchasing an additional 63 shares during the period. 57.24% of the stock is owned by institutional investors.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 0.07% of the company’s stock.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $7.43 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. analysts expect that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Friday, November 17th were issued a $0.89 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.22%. Duke Energy’s dividend payout ratio is currently 93.44%.
DUK has been the topic of a number of research reports. Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Bank of America reiterated a “neutral” rating and issued a $92.00 target price on shares of Duke Energy in a report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of Duke Energy in a report on Friday, September 1st. Citigroup upped their target price on Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley upped their target price on Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Duke Energy has a consensus rating of “Hold” and an average target price of $87.21.
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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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