Haverford Trust Co. Grows Holdings in Duke Energy Corp (DUK)
Haverford Trust Co. raised its stake in Duke Energy Corp (NYSE:DUK) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,115 shares of the utilities provider’s stock after buying an additional 892 shares during the period. Haverford Trust Co.’s holdings in Duke Energy were worth $1,019,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in DUK. Nelson Roberts Investment Advisors LLC purchased a new stake in Duke Energy in the 3rd quarter valued at about $112,000. Shamrock Asset Management LLC purchased a new stake in Duke Energy in the 4th quarter valued at about $115,000. Global Trust Asset Management LLC purchased a new stake in Duke Energy in the 4th quarter valued at about $115,000. Wealthcare Advisory Partners LLC purchased a new stake in Duke Energy in the 3rd quarter valued at about $131,000. Finally, Acropolis Investment Management LLC purchased a new stake in Duke Energy in the 4th quarter valued at about $131,000. 57.18% of the stock is owned by institutional investors.
In related news, COO Dhiaa M. Jamil sold 500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total transaction of $44,540.00. Following the completion of the sale, the chief operating officer now owns 34,115 shares of the company’s stock, valued at $3,038,964.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.
Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. Duke Energy’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities analysts forecast that Duke Energy Corp will post 4.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a yield of 4.72%. Duke Energy’s payout ratio is 98.34%.
DUK has been the subject of several research reports. Guggenheim reissued a “buy” rating and issued a $96.00 price objective on shares of Duke Energy in a research report on Wednesday, January 3rd. Goldman Sachs Group cut shares of Duke Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $80.11 to $88.00 in a research report on Wednesday, January 10th. SunTrust Banks reaffirmed a “hold” rating and issued a $90.00 price target on shares of Duke Energy in a research report on Monday, November 6th. Credit Suisse Group raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lowered their price target for the stock from $91.00 to $83.00 in a research report on Tuesday, January 23rd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $82.00 price target (down previously from $92.00) on shares of Duke Energy in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. Duke Energy presently has a consensus rating of “Hold” and a consensus target price of $86.47.
About Duke Energy
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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