Stifel Financial Corp Has $74.17 Million Holdings in Duke Energy Corp (DUK)

Stifel Financial Corp raised its holdings in shares of Duke Energy Corp (NYSE:DUK) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 884,221 shares of the utilities provider’s stock after acquiring an additional 29,660 shares during the quarter. Stifel Financial Corp owned about 0.13% of Duke Energy worth $74,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings 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 worth $3,975,109,000 after purchasing an additional 1,918,598 shares during the period. Valley National Advisers Inc. increased its holdings in shares of Duke Energy by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 18 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Duke Energy by 4.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 139,180 shares of the utilities provider’s stock worth $11,414,000 after purchasing an additional 5,907 shares during the period. Azimuth Capital Management LLC increased its holdings in shares of Duke Energy by 0.3% in the first quarter. Azimuth Capital Management LLC now owns 69,335 shares of the utilities provider’s stock worth $5,686,000 after purchasing an additional 182 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Duke Energy by 8.6% in the first quarter. Geode Capital Management LLC now owns 7,138,784 shares of the utilities provider’s stock worth $584,660,000 after purchasing an additional 567,019 shares during the period. 57.24% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Corp (DUK) opened at $84.17 on Friday. The company has a market capitalization of $59,007.95, a price-to-earnings ratio of 27.78, a P/E/G ratio of 4.61 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. Duke Energy Corp has a 12 month low of $76.14 and a 12 month high of $91.80.

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

The company also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Friday, November 17th were paid 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 4.23%. Duke Energy’s dividend payout ratio is presently 117.49%.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

DUK has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $87.00 price target on shares of Duke Energy in a report on Tuesday, August 29th. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy in a report on Friday, September 1st. Morgan Stanley increased their target price on Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Finally, SunTrust Banks reissued a “hold” rating and issued a $87.00 target price on shares of Duke Energy in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $87.21.

ILLEGAL ACTIVITY WARNING: “Stifel Financial Corp Has $74.17 Million Holdings in Duke Energy Corp (DUK)” was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://www.com-unik.info/2017/12/24/stifel-financial-corp-has-74-17-million-holdings-in-duke-energy-corp-duk.html.

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.

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).

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

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit