Penserra Capital Management LLC Takes $2.34 Million Position in Duke Energy Corp (DUK)

Penserra Capital Management LLC acquired a new position in shares of Duke Energy Corp (NYSE:DUK) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 29,236 shares of the utilities provider’s stock, valued at approximately $2,339,000.

Other large investors have also recently bought and sold shares of the company. Boothe Investment Group Inc. purchased a new stake in Duke Energy during the 2nd quarter worth approximately $420,000. Cornerstone Capital Inc. increased its stake in Duke Energy by 6.2% during the 2nd quarter. Cornerstone Capital Inc. now owns 58,289 shares of the utilities provider’s stock worth $4,609,000 after buying an additional 3,395 shares in the last quarter. Millennium Management LLC increased its stake in Duke Energy by 23.2% during the 2nd quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock worth $137,648,000 after buying an additional 328,285 shares in the last quarter. American Research & Management Co. purchased a new stake in Duke Energy during the 2nd quarter worth approximately $1,158,000. Finally, Advisors Asset Management Inc. increased its stake in Duke Energy by 69.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 214,894 shares of the utilities provider’s stock worth $16,994,000 after buying an additional 87,950 shares in the last quarter. Institutional investors own 58.85% of the company’s stock.

In related news, COO Dhiaa M. Jamil sold 4,279 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $81.54, for a total value of $348,909.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.07% of the company’s stock.

Several equities research analysts have commented on DUK shares. Morgan Stanley boosted their price objective on Duke Energy from $79.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Monday, July 16th. Citigroup upgraded Duke Energy from a “sell” rating to a “neutral” rating and set a $77.00 target price on the stock in a report on Friday, July 20th. JPMorgan Chase & Co. upgraded Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 target price on the stock in a report on Monday, July 23rd. Guggenheim restated a “buy” rating and set a $85.00 target price on shares of Duke Energy in a report on Monday, July 23rd. Finally, Howard Weil assumed coverage on Duke Energy in a report on Tuesday, July 24th. They set a “sector outperform” rating and a $85.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. Duke Energy presently has an average rating of “Hold” and a consensus target price of $84.00.

Shares of Duke Energy stock opened at $85.58 on Friday. The company has a market cap of $60.38 billion, a PE ratio of 18.73, a P/E/G ratio of 3.56 and a beta of -0.06. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.68.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The firm had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the prior year, the firm posted $1.59 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, analysts expect that Duke Energy Corp will post 4.74 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be issued a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, November 15th. Duke Energy’s dividend payout ratio is presently 81.18%.

ILLEGAL ACTIVITY WARNING: “Penserra Capital Management LLC Takes $2.34 Million Position in Duke Energy Corp (DUK)” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/11/10/penserra-capital-management-llc-takes-2-34-million-position-in-duke-energy-corp-duk.html.

Duke Energy Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

See Also: What strategies should day traders use to execute a trade?

Institutional Ownership by Quarter for Duke Energy (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.

Leave a Reply