Symons Capital Management Inc. lowered its stake in shares of Duke Energy Corp (NYSE:DUK) by 10.7% in the third quarter, Holdings Channel reports. The institutional investor owned 112,157 shares of the utilities provider’s stock after selling 13,402 shares during the quarter. Duke Energy accounts for approximately 5.0% of Symons Capital Management Inc.’s portfolio, making the stock its 2nd biggest position. Symons Capital Management Inc.’s holdings in Duke Energy were worth $10,752,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in Duke Energy by 43.9% during the second quarter. Invesco Ltd. now owns 11,711,714 shares of the utilities provider’s stock worth $1,033,443,000 after purchasing an additional 3,574,870 shares during the last quarter. Vanguard Group Inc. lifted its stake in Duke Energy by 1.9% during the second quarter. Vanguard Group Inc. now owns 59,914,178 shares of the utilities provider’s stock worth $5,286,827,000 after purchasing an additional 1,102,963 shares during the last quarter. BlackRock Inc. lifted its stake in Duke Energy by 1.8% during the second quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock worth $4,450,250,000 after purchasing an additional 888,787 shares during the last quarter. California Public Employees Retirement System lifted its stake in Duke Energy by 19.9% during the second quarter. California Public Employees Retirement System now owns 5,267,847 shares of the utilities provider’s stock worth $464,835,000 after purchasing an additional 873,282 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its stake in Duke Energy by 4,030.8% during the second quarter. Balyasny Asset Management LLC now owns 727,722 shares of the utilities provider’s stock worth $64,214,000 after purchasing an additional 710,105 shares during the last quarter. 60.32% of the stock is owned by institutional investors and hedge funds.
In other Duke Energy news, EVP Douglas F. Esamann sold 4,430 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $92.44, for a total value of $409,509.20. Following the sale, the executive vice president now directly owns 64,722 shares in the company, valued at $5,982,901.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lloyd M. Yates sold 20,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $90.81, for a total value of $1,816,200.00. Following the completion of the sale, the executive vice president now owns 41,154 shares in the company, valued at $3,737,194.74. The disclosure for this sale can be found here. Insiders sold 26,802 shares of company stock worth $2,443,654 over the last quarter. 0.09% of the stock is currently owned by company insiders.
DUK stock traded down $2.63 during mid-day trading on Friday, reaching $89.95. The company had a trading volume of 6,023,566 shares, compared to its average volume of 3,026,935. The company has a quick ratio of 0.47, a current ratio of 0.71 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $67.87 billion, a P/E ratio of 19.06, a P/E/G ratio of 3.84 and a beta of 0.07. Duke Energy Corp has a one year low of $82.46 and a one year high of $97.37. The stock’s 50-day simple moving average is $95.22 and its two-hundred day simple moving average is $90.74.
Duke Energy (NYSE:DUK) last posted its earnings results on Friday, November 8th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.10. The company had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.65 earnings per share. On average, research analysts forecast that Duke Energy Corp will post 4.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Thursday, November 14th. Duke Energy’s payout ratio is 80.08%.
Several brokerages recently issued reports on DUK. SunTrust Banks set a $96.00 price objective on Duke Energy and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Morgan Stanley raised their price objective on Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised their target price on Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Credit Suisse Group raised their target price on Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Citigroup cut their target price on Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $95.00.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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