Cypress Capital Group Continues to Hold Stake in Duke Energy Corporation (DUK)
Cypress Capital Group held its position in shares of Duke Energy Corporation (NYSE:DUK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,935 shares of the utilities provider’s stock at the end of the 2nd quarter. Cypress Capital Group’s holdings in Duke Energy Corporation were worth $329,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in DUK. Winfield Associates Inc. lifted its stake in shares of Duke Energy Corporation by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after buying an additional 165 shares during the period. Jolley Asset Management LLC lifted its stake in shares of Duke Energy Corporation by 26.4% during the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares during the period. Daiwa SB Investments Ltd. purchased a new position in shares of Duke Energy Corporation during the second quarter valued at approximately $130,000. Jacobi Capital Management LLC lifted its stake in shares of Duke Energy Corporation by 104.1% during the first quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after buying an additional 1,010 shares during the period. Finally, Camarda Financial Advisors LLC lifted its stake in shares of Duke Energy Corporation by 357.1% during the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after buying an additional 1,664 shares during the period. Institutional investors and hedge funds own 56.29% of the company’s stock.
Duke Energy Corporation (NYSE DUK) opened at $88.52 on Friday. Duke Energy Corporation has a one year low of $72.34 and a one year high of $91.80. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The company has a market cap of $61,961.88, a price-to-earnings ratio of 19.89, a PEG ratio of 4.84 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The business had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter last year, the firm posted $1.68 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. sell-side analysts forecast that Duke Energy Corporation will post 4.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio is presently 117.49%.
DUK has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Bank of America Corporation reissued a “neutral” rating and set a $92.00 price objective on shares of Duke Energy Corporation in a research note on Tuesday, October 24th. KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Citigroup Inc. upped their price objective on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday, October 17th. Finally, Morgan Stanley upped their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Duke Energy Corporation has an average rating of “Hold” and an average price target of $86.90.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.07% of the company’s stock.
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Duke Energy Corporation Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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