Guggenheim Capital LLC raised its stake in Duke Energy Corp (NYSE:DUK) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 717,311 shares of the utilities provider’s stock after acquiring an additional 25,435 shares during the period. Guggenheim Capital LLC owned 0.10% of Duke Energy worth $60,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Truewealth LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $102,000. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of Duke Energy during the third quarter worth about $112,000. Shamrock Asset Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $115,000. Global Trust Asset Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $115,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Duke Energy during the third quarter worth about $131,000. 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 dated 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 transaction, the chief operating officer now directly owns 34,115 shares of the company’s stock, valued at $3,038,964.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.03. The firm had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. analysts predict that Duke Energy Corp will post 4.7 EPS 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 is Thursday, February 15th. This represents a $3.56 annualized dividend and a yield of 4.66%. Duke Energy’s dividend payout ratio is currently 81.65%.
Several brokerages have recently weighed in on DUK. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Morgan Stanley increased their target price on shares of Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. SunTrust Banks reiterated a “hold” rating and set a $83.00 target price on shares of Duke Energy in a research note on Tuesday, December 26th. Finally, Guggenheim reiterated a “buy” rating and set a $96.00 target price on shares of Duke Energy in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. Duke Energy currently has a consensus rating of “Hold” and an average target price of $86.33.
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Duke Energy Company 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.
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