Smith Salley & Associates cut its holdings in Duke Energy Corp (NYSE:DUK) by 12.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,784 shares of the utilities provider’s stock after selling 5,451 shares during the period. Smith Salley & Associates’ holdings in Duke Energy were worth $3,183,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DUK. Landaas & Co. WI ADV bought a new position in Duke Energy in the second quarter worth approximately $110,000. TRUE Private Wealth Advisors bought a new position in Duke Energy in the third quarter worth approximately $119,000. Kaizen Advisory LLC raised its position in Duke Energy by 125.8% in the second quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 858 shares during the period. Psagot Investment House Ltd. raised its position in Duke Energy by 1,514.3% in the third quarter. Psagot Investment House Ltd. now owns 1,695 shares of the utilities provider’s stock worth $136,000 after acquiring an additional 1,590 shares during the period. Finally, AdvisorNet Financial Inc raised its position in Duke Energy by 137.3% in the second quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 1,002 shares during the period. Institutional investors and hedge funds own 58.85% of the company’s stock.
DUK has been the topic of several recent research reports. Morgan Stanley increased their price target on shares of Duke Energy from $79.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Monday, July 16th. Citigroup raised shares of Duke Energy from a “sell” rating to a “neutral” rating and set a $77.00 price objective for the company in a research note on Friday, July 20th. JPMorgan Chase & Co. raised shares of Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 price objective for the company in a research note on Monday, July 23rd. Guggenheim reissued a “buy” rating and issued a $85.00 price objective on shares of Duke Energy in a research note on Monday, July 23rd. Finally, Howard Weil assumed coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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 transaction of $348,909.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.07% of the company’s stock.
Shares of NYSE DUK opened at $85.58 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.41. The firm has a market capitalization of $60.38 billion, a PE ratio of 18.73, a PEG 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.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.12. The firm had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.59 billion. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 earnings per share. As a group, research analysts predict that Duke Energy Corp will post 4.74 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be paid a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.71 annualized dividend and a yield of 4.34%. Duke Energy’s payout ratio is 81.18%.
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About Duke Energy
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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