Municipal Employees Retirement System of Michigan increased its position in shares of Duke Energy Corp (NYSE:DUK) by 113.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,620 shares of the utilities provider’s stock after acquiring an additional 20,540 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Duke Energy were worth $3,249,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BB&T Investment Services Inc. raised its stake in shares of Duke Energy by 12.8% during the 3rd quarter. BB&T Investment Services Inc. now owns 16,991 shares of the utilities provider’s stock worth $1,424,000 after acquiring an additional 1,923 shares in the last quarter. Sei Investments Co. raised its stake in shares of Duke Energy by 26.4% during the 3rd quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock worth $12,790,000 after acquiring an additional 31,789 shares in the last quarter. Iberiabank Corp raised its stake in shares of Duke Energy by 3.6% during the 3rd quarter. Iberiabank Corp now owns 65,328 shares of the utilities provider’s stock worth $5,487,000 after acquiring an additional 2,297 shares in the last quarter. Atlantic Trust Group LLC raised its stake in shares of Duke Energy by 52.5% during the 3rd quarter. Atlantic Trust Group LLC now owns 26,754 shares of the utilities provider’s stock worth $2,244,000 after acquiring an additional 9,213 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Duke Energy by 0.9% during the 3rd quarter. Swiss National Bank now owns 3,239,991 shares of the utilities provider’s stock worth $271,900,000 after acquiring an additional 28,500 shares in the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.
In related news, COO Dhiaa M. Jamil sold 500 shares of the stock in a transaction on 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 of the company’s stock, valued at $3,038,964.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is owned by corporate insiders.
Shares of Duke Energy Corp (NYSE DUK) opened at $76.74 on Friday. The firm has a market cap of $53,907.13, a price-to-earnings ratio of 17.60, a PEG ratio of 4.43 and a beta of 0.15. 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.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $6.09 billion. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. research analysts forecast that Duke Energy Corp will post 4.7 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a $0.89 dividend. The ex-dividend date is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.64%. Duke Energy’s 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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