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%.
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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.
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