Cubist Systematic Strategies LLC reduced its holdings in shares of Duke Energy Corp (NYSE:DUK) by 93.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,931 shares of the utilities provider’s stock after selling 28,409 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Duke Energy were worth $162,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DUK. Pinebridge Investments L.P. purchased a new position in shares of Duke Energy in the second quarter valued at $500,000. Trust Co. of Virginia VA boosted its stake in shares of 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 purchasing an additional 1,392 shares during the period. Sei Investments Co. boosted its stake in shares of Duke Energy by 26.4% in the third quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock valued at $12,790,000 after purchasing an additional 31,789 shares during the period. Swiss National Bank boosted its stake in shares of Duke Energy by 0.9% in the third quarter. Swiss National Bank now owns 3,239,991 shares of the utilities provider’s stock valued at $271,900,000 after purchasing an additional 28,500 shares during the period. Finally, Iberiabank Corp boosted its stake in shares of Duke Energy by 3.6% in the third quarter. Iberiabank Corp now owns 65,328 shares of the utilities provider’s stock valued at $5,487,000 after purchasing an additional 2,297 shares during the period. Institutional investors own 57.23% of the company’s stock.
DUK has been the subject of several analyst reports. Bank of America restated a “neutral” rating and issued a $92.00 target price on shares of Duke Energy in a research note on Tuesday, October 24th. Citigroup upped their target price on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Morgan Stanley upped their target price on shares of Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $87.48.
Shares of Duke Energy Corp (NYSE DUK) opened at $78.90 on Friday. The stock has a market cap of $55,494.06, a price-to-earnings ratio of 26.04, a P/E/G ratio of 4.10 and a beta of 0.26. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a twelve month low of $76.28 and a twelve month high of $91.80.
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, beating the consensus estimate of $1.56 by $0.03. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. equities analysts predict that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 annualized dividend and a yield of 4.51%. 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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