National Asset Management Inc. raised its position in shares of Duke Energy Corp (NYSE:DUK) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,933 shares of the utilities provider’s stock after acquiring an additional 1,013 shares during the period. National Asset Management Inc.’s holdings in Duke Energy were worth $1,169,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Duke Energy by 3.2% during the second quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock valued at $4,183,115,000 after acquiring an additional 1,572,216 shares during the period. BlackRock Inc. boosted its holdings in Duke Energy by 1.2% during the second quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after acquiring an additional 506,596 shares during the period. Federated Investors Inc. PA boosted its holdings in Duke Energy by 1.5% during the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock valued at $791,919,000 after acquiring an additional 141,551 shares during the period. Northern Trust Corp boosted its holdings in Duke Energy by 0.9% during the second quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock valued at $757,629,000 after acquiring an additional 84,730 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Duke Energy by 8.6% during the first quarter. Geode Capital Management LLC now owns 7,138,784 shares of the utilities provider’s stock valued at $584,660,000 after acquiring an additional 567,019 shares during the period. Institutional investors own 57.24% of the company’s stock.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.07% of the company’s stock.
Duke Energy (NYSE:DUK) last posted its quarterly 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 net margin of 14.76% and a return on equity of 9.25%. The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the prior year, the business posted $1.68 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. analysts expect that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Friday, November 17th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend was Thursday, November 16th. Duke Energy’s dividend payout ratio (DPR) is presently 117.49%.
A number of equities research analysts have issued reports on DUK shares. Citigroup upped their price target on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. ValuEngine cut shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. KeyCorp reiterated a “hold” rating on shares of Duke Energy in a research note on Friday, September 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $87.00 target price on shares of Duke Energy in a research note on Tuesday, November 7th. Two research 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 a consensus rating of “Hold” and an average target price of $87.21.
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.
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