Amundi Pioneer Asset Management Inc. acquired a new position in shares of Duke Energy Corp (NYSE:DUK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 263,940 shares of the utilities provider’s stock, valued at approximately $22,201,000.
Other institutional investors have also recently modified their holdings of the company. Nelson Roberts Investment Advisors LLC bought a new stake in Duke Energy during the third quarter worth about $112,000. Shamrock Asset Management LLC bought a new stake in Duke Energy during the fourth quarter worth about $115,000. Global Trust Asset Management LLC bought a new stake in Duke Energy during the fourth quarter worth about $115,000. Wealthcare Advisory Partners LLC bought a new stake in Duke Energy during the third quarter worth about $131,000. Finally, Acropolis Investment Management LLC bought a new stake in Duke Energy during the fourth quarter worth about $131,000. 57.13% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO Dhiaa M. Jamil sold 500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total value of $44,540.00. Following the transaction, the chief operating officer now directly owns 34,115 shares in the company, valued at $3,038,964.20. The sale 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 Corp (DUK) opened at $76.55 on Tuesday. Duke Energy Corp has a twelve month low of $72.93 and a twelve month high of $91.80. The firm has a market cap of $53,630.00, a P/E ratio of 21.15, a P/E/G ratio of 4.38 and a beta of 0.15. 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 announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the business posted $0.81 earnings per share. Duke Energy’s revenue was up 4.1% compared to the same quarter last year. equities analysts predict 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. Investors of record on Friday, February 16th will be issued a $0.89 dividend. The ex-dividend date is Thursday, February 15th. This represents a $3.56 annualized dividend and a yield of 4.65%. Duke Energy’s dividend payout ratio is currently 98.34%.
COPYRIGHT VIOLATION WARNING: “Amundi Pioneer Asset Management Inc. Acquires New Position in Duke Energy Corp (DUK)” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/03/13/amundi-pioneer-asset-management-inc-acquires-new-position-in-duke-energy-corp-duk.html.
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 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.
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.