Intercontinental Wealth Advisors LLC decreased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,006 shares of the utilities provider’s stock after selling 4,165 shares during the period. Duke Energy comprises approximately 1.3% of Intercontinental Wealth Advisors LLC’s holdings, making the stock its 17th largest position. Intercontinental Wealth Advisors LLC’s holdings in Duke Energy were worth $2,272,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of DUK. Truewealth LLC bought a new position in Duke Energy in the 4th quarter worth $102,000. Nelson Roberts Investment Advisors LLC bought a new position in Duke Energy in the 3rd quarter worth $112,000. Shamrock Asset Management LLC bought a new position in Duke Energy in the 4th quarter worth $115,000. Global Trust Asset Management LLC bought a new position in Duke Energy in the 4th quarter worth $115,000. Finally, Wealthcare Advisory Partners LLC bought a new position in Duke Energy in the 3rd quarter worth $131,000. 56.98% of the stock is owned by hedge funds and other institutional investors.
Duke Energy stock opened at $76.18 on Thursday. Duke Energy Corp has a 1-year low of $72.93 and a 1-year high of $91.80. The company has a market cap of $53,508.08, a PE ratio of 17.47, a price-to-earnings-growth ratio of 4.40 and a beta of 0.15. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.03. The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. equities research analysts forecast that Duke Energy Corp will post 4.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 16th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.67%. The ex-dividend date was Thursday, February 15th. Duke Energy’s dividend payout ratio is 81.65%.
Several brokerages recently weighed in on DUK. SunTrust Banks set a $80.00 target price on shares of Duke Energy and gave the stock a “hold” rating in a report on Monday, February 5th. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. UBS began coverage on shares of Duke Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $91.00 target price for the company. Guggenheim reaffirmed a “buy” rating and issued a $82.00 target price on shares of Duke Energy in a report on Friday, February 23rd. Finally, ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $86.53.
In other news, COO Dhiaa M. Jamil sold 500 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total transaction of $44,540.00. Following the sale, the chief operating officer now directly owns 34,115 shares in the company, 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 link. 0.07% of the stock is currently owned by corporate insiders.
Duke Energy Company 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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