QCI Asset Management Inc. NY grew its position in Duke Energy Corp (NYSE:DUK) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 159,239 shares of the utilities provider’s stock after purchasing an additional 6,968 shares during the period. QCI Asset Management Inc. NY’s holdings in Duke Energy were worth $12,742,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wright Investors Service Inc. raised its holdings in Duke Energy by 5.3% in the third quarter. Wright Investors Service Inc. now owns 12,137 shares of the utilities provider’s stock worth $971,000 after purchasing an additional 606 shares during the period. Wagner Wealth Management LLC raised its holdings in shares of Duke Energy by 28.9% during the second quarter. Wagner Wealth Management LLC now owns 2,753 shares of the utilities provider’s stock worth $218,000 after acquiring an additional 617 shares during the period. Providence Capital Advisors LLC raised its holdings in shares of Duke Energy by 4.4% during the second quarter. Providence Capital Advisors LLC now owns 14,905 shares of the utilities provider’s stock worth $1,179,000 after acquiring an additional 625 shares during the period. Atria Investments LLC raised its holdings in shares of Duke Energy by 16.3% during the third quarter. Atria Investments LLC now owns 4,475 shares of the utilities provider’s stock worth $358,000 after acquiring an additional 626 shares during the period. Finally, Benedict Financial Advisors Inc. raised its holdings in shares of Duke Energy by 2.2% during the second quarter. Benedict Financial Advisors Inc. now owns 30,329 shares of the utilities provider’s stock worth $2,398,000 after acquiring an additional 650 shares during the period. Institutional investors own 58.85% of the company’s stock.
A number of brokerages recently commented on DUK. Morgan Stanley dropped their price objective on shares of Duke Energy from $91.00 to $85.00 and set a “hold” rating on the stock in a report on Friday, September 21st. JPMorgan Chase & Co. upgraded shares of Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 price objective on the stock in a report on Monday, July 23rd. Guggenheim restated a “buy” rating and set a $86.00 price objective on shares of Duke Energy in a report on Friday, August 17th. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Wednesday, July 25th. Finally, Citigroup upgraded shares of Duke Energy from a “sell” rating to a “neutral” rating and set a $77.00 price objective on the stock in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. Duke Energy presently has an average rating of “Hold” and a consensus price target of $84.00.
In related news, COO Dhiaa M. Jamil sold 4,279 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total value of $348,909.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by company insiders.
Duke Energy stock opened at $85.58 on Friday. The firm has a market capitalization of $60.38 billion, a P/E ratio of 18.73, a price-to-earnings-growth 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 quick ratio of 0.41, a current ratio of 0.68 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last released its earnings results on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.59 billion. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 earnings per share. On average, research analysts anticipate that Duke Energy Corp will post 4.74 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be given a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Thursday, November 15th. Duke Energy’s dividend payout ratio (DPR) is currently 81.18%.
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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