NN Investment Partners Holdings N.V. Sells 117,071 Shares of Duke Energy Corp (DUK)
NN Investment Partners Holdings N.V. decreased its holdings in Duke Energy Corp (NYSE:DUK) by 95.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,171 shares of the utilities provider’s stock after selling 117,071 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Duke Energy were worth $413,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. CWM LLC raised its stake in shares of Duke Energy by 956.6% in the 3rd quarter. CWM LLC now owns 10,724 shares of the utilities provider’s stock valued at $858,000 after buying an additional 9,709 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Duke Energy in the 3rd quarter valued at $824,000. Gilman Hill Asset Management LLC raised its stake in shares of Duke Energy by 3.7% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 49,062 shares of the utilities provider’s stock valued at $3,926,000 after buying an additional 1,738 shares in the last quarter. Barings LLC raised its stake in shares of Duke Energy by 69.1% in the 3rd quarter. Barings LLC now owns 26,684 shares of the utilities provider’s stock valued at $2,136,000 after buying an additional 10,900 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Duke Energy by 2.0% in the 3rd quarter. State Treasurer State of Michigan now owns 241,584 shares of the utilities provider’s stock valued at $19,332,000 after buying an additional 4,700 shares in the last quarter. Institutional investors own 58.85% of the company’s stock.
In other Duke Energy news, COO Dhiaa M. Jamil sold 4,279 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total transaction of $348,909.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Dhiaa M. Jamil sold 7,000 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $80.98, for a total transaction of $566,860.00. Following the sale, the chief operating officer now directly owns 4,279 shares in the company, valued at approximately $346,513.42. The disclosure for this sale can be found here. 0.07% of the stock is owned by corporate insiders.
Duke Energy (NYSE:DUK) last posted its earnings results on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.12. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same quarter in the prior year, the firm earned $1.59 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts expect that Duke Energy Corp will post 4.74 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Thursday, November 15th. Duke Energy’s dividend payout ratio is currently 81.18%.
A number of equities analysts have recently issued reports on the stock. Wells Fargo & Co dropped their price objective on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a research note on Monday. Zacks Investment Research cut shares of Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. Morgan Stanley upped their target price on shares of Duke Energy from $86.00 to $91.00 and gave the stock a “hold” rating in a report on Tuesday, September 11th. Guggenheim reaffirmed a “buy” rating and issued a $86.00 target price on shares of Duke Energy in a report on Friday, August 17th. Finally, Citigroup raised shares of Duke Energy from a “sell” rating to a “neutral” rating and set a $77.00 target price on the stock in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $84.00.
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About Duke Energy
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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