Raymond James & Associates grew its stake in Duke Energy Corp (NYSE:DUK) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,987,347 shares of the utilities provider’s stock after buying an additional 29,737 shares during the period. Raymond James & Associates owned approximately 0.28% of Duke Energy worth $167,156,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in DUK. HighTower Advisors LLC grew its stake in Duke Energy by 8.2% in the 2nd quarter. HighTower Advisors LLC now owns 236,687 shares of the utilities provider’s stock worth $19,809,000 after buying an additional 17,934 shares in the last quarter. Clinton Group Inc. purchased a new stake in shares of Duke Energy in the 2nd quarter valued at $2,261,000. Garner Asset Management Corp purchased a new stake in shares of Duke Energy in the 2nd quarter valued at $618,000. Sun Life Financial INC boosted its stake in shares of Duke Energy by 2,803.2% in the 2nd quarter. Sun Life Financial INC now owns 8,216 shares of the utilities provider’s stock valued at $687,000 after purchasing an additional 7,933 shares in the last quarter. Finally, Guardian Capital LP boosted its stake in shares of Duke Energy by 10.7% in the 2nd quarter. Guardian Capital LP now owns 158,230 shares of the utilities provider’s stock valued at $13,226,000 after purchasing an additional 15,276 shares in the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.
In related news, COO Dhiaa M. Jamil sold 500 shares of the company’s 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 completion of the sale, the chief operating officer now directly owns 34,115 shares in the company, valued at approximately $3,038,964.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.07% of the company’s stock.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the business posted $0.81 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. equities analysts anticipate that Duke Energy Corp will post 4.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be issued 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 yield of 4.68%. Duke Energy’s dividend payout ratio is currently 81.65%.
A number of brokerages have recently issued reports on DUK. Morgan Stanley reaffirmed an “equal weight” rating and issued a $83.00 price objective (down previously from $85.00) on shares of Duke Energy in a research note on Thursday. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $82.00 price objective (down previously from $92.00) on shares of Duke Energy in a research note on Wednesday, February 21st. Guggenheim reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Duke Energy in a research note on Friday, February 23rd. Finally, SunTrust Banks set a $79.00 price objective on shares of Duke Energy and gave the company a “hold” rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $86.33.
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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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