Cornerstone Capital Management Holdings LLC. lessened its holdings in shares of Duke Energy Corp (NYSE:DUK) by 2.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 210,214 shares of the utilities provider’s stock after selling 5,002 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Duke Energy were worth $17,640,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pinebridge Investments L.P. acquired a new stake in Duke Energy in the second quarter valued at approximately $500,000. Trust Co. of Virginia VA grew its position in Duke Energy by 11.5% in the second quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock valued at $1,129,000 after acquiring an additional 1,392 shares in the last quarter. BlackRock Inc. grew its position in Duke Energy by 2,866.0% in 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 in the last quarter. IBM Retirement Fund grew its position in Duke Energy by 122.4% in the second quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock valued at $1,601,000 after acquiring an additional 9,432 shares in the last quarter. Finally, Meridian Wealth Management LLC grew its position in Duke Energy by 2.0% in the second quarter. Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider’s stock valued at $448,000 after acquiring an additional 104 shares in the last quarter. 57.23% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on DUK shares. Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Bank of America reiterated a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a research note on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of Duke Energy in a research note on Friday, September 1st. Citigroup increased their target price on Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday, October 17th. Finally, 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Duke Energy presently has a consensus rating of “Hold” and an average target price of $87.21.
Duke Energy Corp (DUK) opened at $83.60 on Wednesday. Duke Energy Corp has a one year low of $76.14 and a one year high of $91.80. The stock has a market capitalization of $58,916.95, a price-to-earnings ratio of 27.59, a P/E/G ratio of 4.60 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data 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 last year, the business posted $1.68 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. analysts predict that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Friday, November 17th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Thursday, November 16th. Duke Energy’s dividend payout ratio is presently 117.49%.
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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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