Ladenburg Thalmann Financial Services Inc. lifted its stake in Duke Energy Corp (NYSE:DUK) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 294,621 shares of the utilities provider’s stock after buying an additional 22,197 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Duke Energy were worth $24,778,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Flaharty Asset Management LLC lifted its stake in shares of Duke Energy by 23.0% in the fourth quarter. Flaharty Asset Management LLC now owns 3,885 shares of the utilities provider’s stock worth $319,000 after acquiring an additional 726 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Duke Energy by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 1,374,466 shares of the utilities provider’s stock worth $115,606,000 after acquiring an additional 26,156 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Duke Energy in the fourth quarter worth about $6,061,000. Raymond James & Associates lifted its stake in shares of Duke Energy by 1.5% in the fourth quarter. Raymond James & Associates now owns 1,987,347 shares of the utilities provider’s stock worth $167,156,000 after acquiring an additional 29,737 shares in the last quarter. Finally, Luminus Management LLC acquired a new position in shares of Duke Energy in the fourth quarter worth about $29,163,000. 57.13% of the stock is owned by institutional investors.
In other Duke Energy news, COO Dhiaa M. Jamil sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $89.08, for a total transaction of $44,540.00. Following the sale, the chief operating officer now owns 34,115 shares in the company, valued at $3,038,964.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.07% of the company’s stock.
Shares of Duke Energy Corp (NYSE DUK) opened at $76.47 on Wednesday. Duke Energy Corp has a one year low of $72.93 and a one year high of $91.80. The stock has a market capitalization of $53,592.09, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 4.41 and a beta of 0.15. The company has a current ratio of 0.68, a quick ratio of 0.42 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.03. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Duke Energy’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities research analysts expect that Duke Energy Corp will post 4.7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.66%. The ex-dividend date is Thursday, February 15th. Duke Energy’s payout ratio is currently 81.65%.
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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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