Barings LLC reduced its holdings in Duke Energy Corp. (NYSE: DUK) by 35.1% during the third quarter, according to the company’s most recent 13F filing with the SEC. The fund owned 14,790 shares of the utilities after 8,000 shares during the quarter. Barings LLC’s holdings in Duke Energy were worth $ 1,241,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its holdings in Duke Energy by 2.866.0% in the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $ 3,502,557,000 after acquiring an additional 41,268,968 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Duke Energy by 4.1% in the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock worth $ 3,975,109,000 after purchasing an additional 1,918,598 shares during the last quarter. Morgan Stanley raised its stake in shares of Duke Energy by 25.1% in the first quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock worth $ 402,605,000 after purchasing an additional 986,456 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Duke Energy by 575.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the utilities provider’s stock worth $ 81,984,000 after purchasing an additional 814,210 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its position in Duke Energy by 16.6% during the first quarter. Epoch Investment Partners Inc. now owns 5,225,916 shares of the utilities provider’s stock valued at $ 428,577,000 after acquiring an additional 743,146 shares during the last quarter. Hedge funds and other institutional investors 57.23% of the company’s stock.
A number of analysts recently commented on DUK shares. Citigroup upped their price on Duke Energy from $ 74.00 to $ 77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. ValuEngine Low Energy Duke Energy from a “buy” rating for a “hold” rating in a report on Tuesday, December 19th. Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and upped their price for $ 80.11 to $ 88.00 in a research note on Wednesday. Guggenheim reaffirmed a “buy” rating and issued a $ 96.00. Finally, Royal Bank of Canada reissued a “buy” rating and set a $ 87.00. Two analysts have given a rating, have given a rating and have given a rating to the company. The company has an average rating of “Hold” and a consensus target price of $ 87.48. Duke Energy Corp ( DUK ) traded down $ 0.38 on Friday, reaching $ 78.90. The company ‘s stock had a trading volume of 3,211,130 shares, compared to its average volume of 2,582,735. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The stock has a market cap 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 low price of $ 76.28 and a high season of $ 91.80. Duke Energy (NYSE: DUK) last announced its earnings on Friday, November 3rd. $ 1.59 per share for the quarter, the consensus estimate of $ 1.56 by $ 0.03. The business had revenue of $ 6.48 billion, compared to $ 7.43 billion. Had a return on equity of 7.54% and a net margin of 9.09%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $ 1.68 EPS. equities analysts anticipate that Duke Energy Corp. will post 4.56 EPS for the current year.
The firm also reported a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a $ 0.89 dividend. The former dividend date of this dividend is Thursday, February 15th. This represents a $ 3.56 dividend on an annualized basis and a dividend yield of 4.51%. Duke Energy’s payout ratio is 117.49%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $ 89.95, for a total value of $ 449,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . 0.07% of the stock is owned by company insiders.
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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 comprehensive service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers in the Southeast and Midwest regions of the United States.
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