Independent Advisor Alliance Has $6.43 Million Position in Duke Energy Corp (DUK)

Independent Advisor Alliance increased its holdings in Duke Energy Corp (NYSE:DUK) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,763 shares of the utilities provider’s stock after purchasing an additional 2,635 shares during the quarter. Duke Energy makes up approximately 1.8% of Independent Advisor Alliance’s holdings, making the stock its 8th largest holding. Independent Advisor Alliance’s holdings in Duke Energy were worth $6,426,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Duke Energy by 3.2% in the second quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock worth $4,183,115,000 after purchasing an additional 1,572,216 shares during the last quarter. BlackRock Inc. grew its stake in shares of Duke Energy by 1.2% in the second quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock worth $3,612,384,000 after purchasing an additional 506,596 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of Duke Energy by 1.5% in the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock worth $791,919,000 after purchasing an additional 141,551 shares during the last quarter. Northern Trust Corp grew its stake in shares of Duke Energy by 0.9% in the second quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock worth $757,629,000 after purchasing an additional 84,730 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Duke Energy by 3.4% in the third quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock worth $422,872,000 after purchasing an additional 164,381 shares during the last quarter. 57.23% of the stock is currently owned by institutional investors.

In other news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction that occurred on 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 can be accessed through this hyperlink. 0.07% of the stock is currently owned by company insiders.

Several analysts recently issued reports on DUK shares. KeyCorp reissued a “hold” rating on shares of Duke Energy in a research note on Friday, September 1st. Morgan Stanley lifted their price objective on Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. SunTrust Banks reaffirmed a “hold” rating and set a $87.00 price objective on shares of Duke Energy in a research report on Wednesday, October 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. 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 company’s stock. The company currently has an average rating of “Hold” and an average price target of $86.67.

Shares of Duke Energy Corp (NYSE:DUK) opened at $84.11 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $58,783.95, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 4.59 and a beta of 0.26. 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period last year, the business earned $1.68 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. equities research analysts anticipate that Duke Energy Corp will post 4.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Friday, November 17th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.23%. Duke Energy’s payout ratio is 117.49%.

ILLEGAL ACTIVITY NOTICE: “Independent Advisor Alliance Has $6.43 Million Position in Duke Energy Corp (DUK)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.com-unik.info/2017/12/30/independent-advisor-alliance-has-6-43-million-position-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)

What are top analysts saying about Duke Energy? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Duke Energy and related companies.

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