Duke Energy Corp (DUK) Shares Sold by Cypress Asset Management Inc. TX
Cypress Asset Management Inc. TX reduced its stake in Duke Energy Corp (NYSE:DUK) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,434 shares of the utilities provider’s stock after selling 1,145 shares during the period. Cypress Asset Management Inc. TX’s holdings in Duke Energy were worth $876,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of DUK. Legal & General Group Plc increased its stake in Duke Energy by 3.7% in the first quarter. Legal & General Group Plc now owns 4,727,381 shares of the utilities provider’s stock valued at $387,699,000 after purchasing an additional 168,181 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its stake in Duke Energy by 12.0% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 19,265 shares of the utilities provider’s stock valued at $1,580,000 after purchasing an additional 2,058 shares in the last quarter. Simmons Bank increased its stake in Duke Energy by 1.4% in the first quarter. Simmons Bank now owns 19,864 shares of the utilities provider’s stock valued at $1,630,000 after purchasing an additional 267 shares in the last quarter. Birch Hill Investment Advisors LLC increased its stake in Duke Energy by 2.4% in the first quarter. Birch Hill Investment Advisors LLC now owns 9,443 shares of the utilities provider’s stock valued at $774,000 after purchasing an additional 222 shares in the last quarter. Finally, Sentry Investment Management LLC increased its stake in Duke Energy by 33.7% in the first quarter. Sentry Investment Management LLC now owns 55,691 shares of the utilities provider’s stock valued at $4,567,000 after purchasing an additional 14,041 shares in the last quarter. 57.34% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by insiders.
Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Bank of America reaffirmed a “neutral” rating and issued a $92.00 price target on shares of Duke Energy in a research note on Tuesday, October 24th. SunTrust Banks reiterated a “hold” rating and set a $88.00 price objective on shares of Duke Energy in a report on Thursday, October 12th. Morgan Stanley lifted their price objective on shares of Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $87.00 price objective on shares of Duke Energy in a report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Duke Energy presently has an average rating of “Hold” and a consensus price target of $87.21.
Duke Energy Corp (NYSE:DUK) opened at $87.84 on Friday. The stock has a market cap of $61,289.86, a PE ratio of 19.68, a PEG ratio of 4.79 and a beta of 0.26. Duke Energy Corp has a twelve month low of $75.78 and a twelve month high of $91.80. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $1.68 earnings per share. sell-side analysts anticipate that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.05%. The ex-dividend date is Thursday, November 16th. Duke Energy’s dividend payout ratio (DPR) is presently 117.49%.
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Duke Energy 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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