Steward Partners Investment Advisory LLC purchased a new position in Duke Energy Corp (NYSE:DUK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,104 shares of the utilities provider’s stock, valued at approximately $1,603,000.
A number of other hedge funds also recently bought and sold shares of the stock. Winfield Associates Inc. boosted its stake in Duke Energy by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 165 shares in the last quarter. Nelson Roberts Investment Advisors LLC acquired a new stake in Duke Energy in the 3rd quarter worth approximately $112,000. Daiwa SB Investments Ltd. acquired a new stake in Duke Energy in the 2nd quarter worth approximately $130,000. Wealthcare Advisory Partners LLC purchased a new position in Duke Energy during the 3rd quarter worth approximately $131,000. Finally, AllSquare Wealth Management LLC purchased a new position in Duke Energy during the 3rd quarter worth approximately $155,000. 57.23% of the stock is currently owned by institutional investors.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is owned by corporate insiders.
Duke Energy Corp (NYSE DUK) opened at $78.90 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $55,494.06, a P/E ratio of 26.04, a P/E/G ratio of 4.10 and a beta of 0.26. Duke Energy Corp has a fifty-two week low of $76.28 and a fifty-two week high of $91.80.
Duke Energy (NYSE:DUK) last announced 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. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 earnings per share. equities analysts anticipate that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The company 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 $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Thursday, February 15th. Duke Energy’s payout ratio is currently 117.49%.
A number of equities analysts have issued reports on DUK shares. Guggenheim reissued a “buy” rating and set a $96.00 price target on shares of Duke Energy in a research report on Wednesday, January 3rd. SunTrust Banks reaffirmed a “hold” rating and set a $87.00 target price on shares of Duke Energy in a report on Wednesday, October 4th. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Goldman Sachs Group cut shares of Duke Energy from a “buy” rating to a “neutral” rating and lifted their price target for the company from $80.11 to $88.00 in a research note on Wednesday. Finally, Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.48.
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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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