Novare Capital Management LLC reduced its holdings in shares of Duke Energy Co. (NYSE:DUK – Get Rating) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,847 shares of the utilities provider's stock after selling 2,804 shares during the quarter. Novare Capital Management LLC's holdings in Duke Energy were worth $6,267,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of DUK. Price T Rowe Associates Inc. MD lifted its position in shares of Duke Energy by 541.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,566,436 shares of the utilities provider's stock worth $811,198,000 after buying an additional 6,387,550 shares during the last quarter. State Street Corp raised its position in Duke Energy by 3.8% in the second quarter. State Street Corp now owns 44,338,703 shares of the utilities provider's stock valued at $4,753,552,000 after purchasing an additional 1,623,646 shares during the last quarter. BlackRock Inc. raised its position in Duke Energy by 2.1% in the third quarter. BlackRock Inc. now owns 54,910,595 shares of the utilities provider's stock valued at $5,107,783,000 after purchasing an additional 1,109,394 shares during the last quarter. Vanguard Group Inc. raised its position in Duke Energy by 1.5% in the third quarter. Vanguard Group Inc. now owns 70,549,902 shares of the utilities provider's stock valued at $6,562,551,000 after purchasing an additional 1,035,303 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in Duke Energy by 41.9% in the third quarter. Neuberger Berman Group LLC now owns 2,875,520 shares of the utilities provider's stock valued at $267,696,000 after purchasing an additional 849,278 shares during the last quarter. 63.22% of the stock is currently owned by institutional investors.
Get Duke Energy alerts:Wall Street Analysts Forecast Growth
Several research firms have commented on DUK. Royal Bank of Canada dropped their target price on Duke Energy from $116.00 to $112.00 and set a "sector perform" rating for the company in a research report on Thursday, February 16th. StockNews.com initiated coverage on Duke Energy in a research note on Thursday, March 16th. They issued a "hold" rating for the company. Wells Fargo & Company decreased their price target on Duke Energy from $111.00 to $103.00 and set an "equal weight" rating for the company in a research note on Friday, February 10th. Morgan Stanley decreased their price target on Duke Energy from $105.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Mizuho increased their price target on Duke Energy from $100.00 to $102.00 and gave the company a "neutral" rating in a research note on Friday, December 9th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $106.09.
Insider Activity
In related news, SVP Louis E. Renjel sold 1,900 shares of Duke Energy stock in a transaction on Monday, February 13th. The stock was sold at an average price of $99.90, for a total transaction of $189,810.00. Following the sale, the senior vice president now directly owns 9,967 shares in the company, valued at $995,703.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company's stock.
Duke Energy Stock Down 0.7 %
NYSE:DUK traded down $0.63 on Wednesday, hitting $94.14. The stock had a trading volume of 401,840 shares, compared to its average volume of 2,968,752. The business's fifty day moving average is $98.89 and its 200 day moving average is $98.73. The company has a market cap of $72.50 billion, a PE ratio of 28.55, a P/E/G ratio of 3.15 and a beta of 0.42. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 1.34. Duke Energy Co. has a 52 week low of $83.76 and a 52 week high of $116.33.
Duke Energy (NYSE:DUK – Get Rating) last posted its earnings results on Thursday, February 9th. The utilities provider reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.05. Duke Energy had a return on equity of 8.45% and a net margin of 9.11%. The company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $5.27 billion. During the same quarter last year, the company earned $0.94 earnings per share. The company's revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities research analysts expect that Duke Energy Co. will post 5.63 EPS for the current fiscal year.
Duke Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 16th. Stockholders of record on Friday, February 17th were issued a $1.005 dividend. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $4.02 dividend on an annualized basis and a dividend yield of 4.27%. Duke Energy's dividend payout ratio is presently 121.08%.
Duke Energy Profile
(Get Rating)
Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities & Infrastructure and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in regulated electric utilities in the Carolinas, Florida and the Midwest.
Featured Articles
- Get a free copy of the StockNews.com research report on Duke Energy (DUK)
- GameStop Shares Surge On Surprise Profit
- Nike, Inc's Q3 Surprise Isn't All That Surprising: Is It A Buy?
- Want Diversified Upside in Biotechnology? Check out LABU
- 3 Tech Stocks Well Positioned For Growth At A Reasonable Price
- These 3 Dividend Growers Yield More Than the 10-Year Note
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.