Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in Duke Energy Corp (NYSE:DUK) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,695 shares of the utilities provider’s stock after selling 816 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Duke Energy were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of DUK. CIBC World Markets Inc. raised its position in shares of Duke Energy by 8.2% in the 2nd quarter. CIBC World Markets Inc. now owns 104,873 shares of the utilities provider’s stock worth $8,766,000 after purchasing an additional 7,948 shares during the last quarter. HPM Partners LLC raised its position in shares of Duke Energy by 7.0% in the 2nd quarter. HPM Partners LLC now owns 9,235 shares of the utilities provider’s stock worth $772,000 after purchasing an additional 603 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in shares of Duke Energy by 35.2% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 328,586 shares of the utilities provider’s stock worth $27,467,000 after purchasing an additional 85,617 shares during the last quarter. Trust Co. of Virginia VA raised its position in shares of Duke Energy by 11.5% in the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock worth $1,129,000 after purchasing an additional 1,392 shares during the last quarter. Finally, Regal Investment Advisors LLC increased its holdings in Duke Energy by 9.4% in the 2nd quarter. Regal Investment Advisors LLC now owns 33,919 shares of the utilities provider’s stock worth $2,835,000 after buying an additional 2,922 shares in the last quarter. 57.18% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the company. Wells Fargo & Co reiterated a “market perform” rating and issued a $82.00 price objective (down from $92.00) on shares of Duke Energy in a report on Wednesday. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Morgan Stanley reduced their price objective on Duke Energy from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, February 13th. SunTrust Banks set a $79.00 price objective on Duke Energy and gave the stock a “hold” rating in a report on Monday, February 12th. Finally, UBS Group assumed coverage on Duke Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $91.00 price objective for the company. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $86.86.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $6.09 billion. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. equities research analysts anticipate that Duke Energy Corp will post 4.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.71%. Duke Energy’s dividend payout ratio is currently 81.65%.
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About Duke Energy
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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