3,700 Shares in Duke Energy Corp (DUK) Purchased by Bristol Advisors LLC
Bristol Advisors LLC acquired a new stake in shares of Duke Energy Corp (NYSE:DUK) in the fourth quarter, Holdings Channel reports. The fund acquired 3,700 shares of the utilities provider’s stock, valued at approximately $311,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. acquired a new position in Duke Energy during the 2nd quarter worth $500,000. Trust Co. of Virginia VA boosted its position in Duke Energy by 11.5% during the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock worth $1,129,000 after acquiring an additional 1,392 shares during the period. Sei Investments Co. boosted its position in Duke Energy by 26.4% during the 3rd quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock worth $12,790,000 after acquiring an additional 31,789 shares during the period. Swiss National Bank boosted its position in Duke Energy by 0.9% during the 3rd quarter. Swiss National Bank now owns 3,239,991 shares of the utilities provider’s stock worth $271,900,000 after acquiring an additional 28,500 shares during the period. Finally, WFG Advisors LP boosted its position in Duke Energy by 15.6% during the 2nd quarter. WFG Advisors LP now owns 9,117 shares of the utilities provider’s stock worth $762,000 after acquiring an additional 1,231 shares during the period. Institutional investors and hedge funds own 57.23% of the company’s stock.
A number of research analysts have issued reports on the company. Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $80.11 to $88.00 in a research report on Wednesday. SunTrust Banks set a $82.00 price target on Duke Energy and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Guggenheim reiterated a “buy” rating and set a $96.00 price target on shares of Duke Energy in a research report on Wednesday, January 3rd. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Morgan Stanley boosted their price target on Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $87.48.
Duke Energy Corp (DUK) traded down $0.83 on Friday, hitting $79.28. The stock had a trading volume of 4,087,200 shares, compared to its average volume of 3,227,100. Duke Energy Corp has a 12 month low of $76.28 and a 12 month 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 $55,410.00, a P/E ratio of 20.81, a PEG ratio of 4.24 and a beta of 0.26.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the previous year, the business earned $1.68 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. research analysts expect that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is presently 93.44%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.07% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).
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.