Unigestion Holding SA cut its position in Duke Energy Corp (NYSE:DUK) by 29.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 124,002 shares of the utilities provider’s stock after selling 50,814 shares during the quarter. Unigestion Holding SA’s holdings in Duke Energy were worth $9,922,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of DUK. FMR LLC raised its holdings in Duke Energy by 28.5% in the second quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock worth $365,201,000 after buying an additional 1,023,646 shares during the last quarter. PointState Capital LP purchased a new position in Duke Energy in the second quarter worth about $49,727,000. Millennium Management LLC raised its holdings in Duke Energy by 23.2% in the second quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock worth $137,648,000 after buying an additional 328,285 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Duke Energy by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 19,740,982 shares of the utilities provider’s stock worth $1,561,116,000 after buying an additional 317,835 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Duke Energy by 18.8% in the second quarter. California Public Employees Retirement System now owns 1,985,214 shares of the utilities provider’s stock worth $156,991,000 after acquiring an additional 314,104 shares during the period. 58.85% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on DUK. Wells Fargo & Co reduced their price target on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a research note on Monday, November 5th. Howard Weil began coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 price target for the company. Morgan Stanley lifted their price target on shares of Duke Energy from $79.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Monday, July 16th. Zacks Investment Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Finally, Guggenheim reiterated a “buy” rating and issued a $85.00 price target on shares of Duke Energy in a research note on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $84.00.
Shares of NYSE DUK opened at $85.58 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.41. The company has a market cap of $60.38 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 3.56 and a beta of -0.06. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.80.
Duke Energy (NYSE:DUK) last announced its earnings results on Friday, November 2nd. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.12. The company had revenue of $6.63 billion during the quarter, compared to analyst estimates of $6.59 billion. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 earnings per share. Equities research analysts anticipate that Duke Energy Corp will post 4.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be given a dividend of $0.9275 per share. The ex-dividend date is Thursday, November 15th. This represents a $3.71 annualized dividend and a yield of 4.34%. Duke Energy’s dividend payout ratio (DPR) is 81.18%.
Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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