State of Alaska Department of Revenue boosted its holdings in Duke Energy Corp (NYSE:DUK) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,007 shares of the utilities provider’s stock after buying an additional 64,608 shares during the period. State of Alaska Department of Revenue’s holdings in Duke Energy were worth $18,671,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Butensky & Cohen Financial Security Inc. grew its stake in Duke Energy by 13.5% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 11,394 shares of the utilities provider’s stock valued at $958,000 after buying an additional 1,357 shares in the last quarter. Carroll Financial Associates Inc. grew its stake in Duke Energy by 1.1% in the 4th quarter. Carroll Financial Associates Inc. now owns 147,965 shares of the utilities provider’s stock valued at $12,445,000 after buying an additional 1,676 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Duke Energy by 4.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,544,036 shares of the utilities provider’s stock valued at $213,979,000 after buying an additional 103,095 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Duke Energy by 3.1% in the 4th quarter. Capital Investment Advisors LLC now owns 45,536 shares of the utilities provider’s stock valued at $3,830,000 after buying an additional 1,381 shares in the last quarter. Finally, Creative Planning grew its stake in Duke Energy by 7.3% in the 4th quarter. Creative Planning now owns 201,779 shares of the utilities provider’s stock valued at $16,972,000 after buying an additional 13,656 shares in the last quarter. Institutional investors and hedge funds own 57.26% of the company’s stock.
In other news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.07% of the company’s stock.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 EPS. sell-side analysts anticipate that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s dividend payout ratio is currently 93.44%.
A number of research firms recently weighed in on DUK. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Wolfe Research upgraded shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. SunTrust Banks reiterated a “hold” rating and issued a $90.00 price objective on shares of Duke Energy in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Royal Bank of Canada restated a “buy” rating and set a $87.00 price target on shares of Duke Energy in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Duke Energy currently has an average rating of “Hold” and an average price target of $87.19.
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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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