Zimmer Partners LP grew its holdings in Duke Energy Corp (NYSE:DUK) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 684,200 shares of the utilities provider’s stock after acquiring an additional 28,400 shares during the quarter. Duke Energy comprises 1.4% of Zimmer Partners LP’s investment portfolio, making the stock its 25th biggest holding. Zimmer Partners LP owned about 0.10% of Duke Energy worth $57,548,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Laurel Wealth Advisors Inc. grew its stake in Duke Energy by 0.3% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 12,643 shares of the utilities provider’s stock worth $1,056,000 after buying an additional 32 shares during the last quarter. Fairfield Bush & CO. grew its stake in Duke Energy by 1.2% during the 2nd quarter. Fairfield Bush & CO. now owns 6,333 shares of the utilities provider’s stock worth $529,000 after buying an additional 75 shares during the last quarter. Gofen & Glossberg LLC IL grew its stake in Duke Energy by 0.7% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 12,368 shares of the utilities provider’s stock worth $1,034,000 after buying an additional 85 shares during the last quarter. Atlantic Trust LLC grew its stake in Duke Energy by 2.7% during the 2nd quarter. Atlantic Trust LLC now owns 7,371 shares of the utilities provider’s stock worth $607,000 after buying an additional 197 shares during the last quarter. Finally, North Star Asset Management Inc. grew its stake in Duke Energy by 6.4% during the 2nd quarter. North Star Asset Management Inc. now owns 3,347 shares of the utilities provider’s stock worth $280,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.
A number of research firms recently issued reports on DUK. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Morgan Stanley lifted their target price on Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. SunTrust Banks reiterated a “hold” rating and issued 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 issued a $96.00 target price on shares of Duke Energy in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. Duke Energy presently has an average rating of “Hold” and an average price target of $86.33.
Shares of Duke Energy Corp (NYSE:DUK) opened at $77.10 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $53,592.09, a P/E ratio of 17.54, a PEG ratio of 4.41 and a beta of 0.15. Duke Energy Corp has a 1-year low of $72.93 and a 1-year high of $91.80.
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 consensus estimate of $0.91 by $0.03. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. sell-side analysts anticipate that Duke Energy Corp will post 4.7 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders 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 dividend yield of 4.62%. Duke Energy’s dividend 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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