Biltmore Family Office LLC bought a new position in shares of Duke Energy Corp (NYSE:DUK) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 29,338 shares of the utilities provider’s stock, valued at approximately $2,468,000.
Several other hedge funds have also made changes to their positions in DUK. Truewealth LLC acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $102,000. Nelson Roberts Investment Advisors LLC acquired a new position in shares of Duke Energy during the 3rd quarter worth approximately $112,000. Shamrock Asset Management LLC acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $115,000. Global Trust Asset Management LLC acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $115,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Duke Energy during the 3rd quarter worth approximately $131,000. 57.13% of the stock is owned by institutional investors and hedge funds.
In other Duke Energy news, COO Dhiaa M. Jamil sold 500 shares of the firm’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $89.08, for a total value of $44,540.00. Following the completion of the sale, the chief operating officer now directly owns 34,115 shares of the company’s stock, valued at approximately $3,038,964.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by company insiders.
DUK has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $91.00 target price on shares of Duke Energy in a research note on Thursday, February 1st. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Guggenheim reaffirmed a “buy” rating and set a $96.00 target price on shares of Duke Energy in a research note on Wednesday, January 3rd. UBS Group initiated coverage on Duke Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $91.00 target price for the company. Finally, Deutsche Bank raised Duke Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $77.22 to $86.00 in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. Duke Energy has a consensus rating of “Hold” and a consensus price target of $86.27.
Duke Energy Corp (NYSE:DUK) opened at $77.00 on Thursday. Duke Energy Corp has a 52 week low of $72.93 and a 52 week high of $91.80. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $53,950.00, a price-to-earnings ratio of 21.27, a P/E/G ratio of 4.41 and a beta of 0.15.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.03. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the company earned $0.81 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. equities analysts predict that Duke Energy Corp will post 4.7 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is presently 98.34%.
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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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