Investment Centers of America Inc. lowered its stake in shares of Duke Energy Corp (NYSE:DUK) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,098 shares of the utilities provider’s stock after selling 1,823 shares during the quarter. Investment Centers of America Inc.’s holdings in Duke Energy were worth $3,534,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Financial Advisory Service Inc. grew its holdings in shares of Duke Energy by 0.3% during the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock worth $562,000 after buying an additional 17 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in Duke Energy by 0.7% in the 1st quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock valued at $219,000 after purchasing an additional 18 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in Duke Energy by 0.3% in the 2nd quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock valued at $594,000 after purchasing an additional 19 shares in the last quarter. Accredited Investors Inc. boosted its holdings in Duke Energy by 0.7% in the 2nd quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock valued at $235,000 after purchasing an additional 19 shares in the last quarter. Finally, Hudock Capital Group LLC boosted its holdings in Duke Energy by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock valued at $699,000 after purchasing an additional 24 shares in the last quarter. 57.23% of the stock is currently owned by hedge funds and other institutional investors.
Duke Energy Corp (NYSE DUK) traded down $0.38 during mid-day trading on Friday, hitting $78.90. 3,211,130 shares of the stock were exchanged, compared to its average volume of 2,582,735. Duke Energy Corp has a 52 week low of $76.28 and a 52 week high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The firm has a market cap of $55,494.06, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 4.10 and a beta of 0.26.
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 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 company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period last year, the firm earned $1.68 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. equities research analysts expect that Duke Energy Corp will post 4.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 annualized dividend and a dividend yield of 4.51%. Duke Energy’s dividend payout ratio is currently 117.49%.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a report on Monday, October 30th. SunTrust Banks set a $82.00 price objective on Duke Energy and gave the company a “hold” rating in a report on Wednesday, January 3rd. Bank of America reaffirmed a “neutral” rating and issued a $92.00 price objective on shares of Duke Energy in a report on Tuesday, October 24th. Wolfe Research raised Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. 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 report on Thursday, October 12th. Two equities research 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’s stock. Duke Energy presently has a consensus rating of “Hold” and a consensus target price of $87.48.
In related news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale 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.
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Duke Energy 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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