First Citizens Bank & Trust Co. lessened its stake in Duke Energy Corp (NYSE:DUK) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 32,271 shares of the utilities provider’s stock after selling 1,775 shares during the period. First Citizens Bank & Trust Co.’s holdings in Duke Energy were worth $2,714,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of DUK. QUANTRES ASSET MANAGEMENT Ltd raised its position in shares of Duke Energy by 327.5% during the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 21,800 shares of the utilities provider’s stock valued at $1,834,000 after acquiring an additional 16,700 shares during the last quarter. Lynch & Associates IN raised its position in shares of Duke Energy by 6.7% during the 4th quarter. Lynch & Associates IN now owns 29,357 shares of the utilities provider’s stock valued at $2,469,000 after acquiring an additional 1,840 shares during the last quarter. Atlantic Trust Group LLC raised its position in shares of Duke Energy by 52.5% during the 3rd quarter. Atlantic Trust Group LLC now owns 26,754 shares of the utilities provider’s stock valued at $2,244,000 after acquiring an additional 9,213 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Duke Energy by 6.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,862,232 shares of the utilities provider’s stock valued at $156,279,000 after acquiring an additional 105,013 shares during the last quarter. Finally, AXA raised its position in shares of Duke Energy by 7.6% during the 3rd quarter. AXA now owns 681,866 shares of the utilities provider’s stock valued at $57,222,000 after acquiring an additional 48,264 shares during the last quarter. Hedge funds and other institutional investors own 57.23% of the company’s stock.
Several brokerages have commented on DUK. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. SunTrust Banks set a $82.00 target price on shares of Duke Energy and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Bank of America reiterated a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a research report on Tuesday, October 24th. Wolfe Research upgraded shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $87.26.
Duke Energy (NYSE:DUK) last released its quarterly earnings data 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. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the prior year, the company earned $1.68 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. research analysts expect that Duke Energy Corp will post 4.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Thursday, February 15th. Duke Energy’s payout ratio is presently 93.44%.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale 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 corporate insiders.
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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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