Woodmont Investment Counsel LLC lessened its holdings in shares of Duke Energy Corp (NYSE:DUK) by 2.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,864 shares of the utilities provider’s stock after selling 1,974 shares during the quarter. Duke Energy comprises approximately 1.5% of Woodmont Investment Counsel LLC’s portfolio, making the stock its 20th biggest holding. Woodmont Investment Counsel LLC’s holdings in Duke Energy were worth $5,510,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of DUK. OppenheimerFunds Inc. boosted its position in Duke Energy by 130.8% during the third quarter. OppenheimerFunds Inc. now owns 3,432,454 shares of the utilities provider’s stock worth $274,665,000 after purchasing an additional 1,945,200 shares during the period. BlackRock Inc. boosted its position in shares of Duke Energy by 2.3% in the third quarter. BlackRock Inc. now owns 47,043,416 shares of the utilities provider’s stock valued at $3,764,415,000 after acquiring an additional 1,065,607 shares during the period. FMR LLC boosted its position in shares of Duke Energy by 28.5% in the second quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock valued at $365,201,000 after acquiring an additional 1,023,646 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Duke Energy by 12.3% in the third quarter. Bank of New York Mellon Corp now owns 6,465,312 shares of the utilities provider’s stock valued at $517,355,000 after acquiring an additional 706,008 shares during the period. Finally, PointState Capital LP bought a new position in shares of Duke Energy in the second quarter valued at approximately $49,727,000. Hedge funds and other institutional investors own 59.65% of the company’s stock.
A number of equities analysts have recently commented on the stock. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Barclays raised their target price on shares of Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Wells Fargo & Co lowered their target price on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a research note on Monday, November 5th. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $86.00 target price on shares of Duke Energy in a research note on Friday, August 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Duke Energy has an average rating of “Hold” and a consensus price target of $84.13.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, topping the consensus estimate of $1.53 by $0.12. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.59 billion. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. On average, research analysts predict that Duke Energy Corp will post 4.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 81.18%.
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Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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