QS Investors LLC raised its holdings in Duke Energy Corp (NYSE:DUK) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,768 shares of the utilities provider’s stock after buying an additional 9,573 shares during the quarter. QS Investors LLC’s holdings in Duke Energy were worth $15,289,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Laurel Wealth Advisors Inc. grew its position in shares of Duke Energy by 0.3% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 12,643 shares of the utilities provider’s stock worth $1,056,000 after buying an additional 32 shares during the last quarter. Fairfield Bush & CO. grew its position in shares of Duke Energy by 1.2% in the 2nd quarter. Fairfield Bush & CO. now owns 6,333 shares of the utilities provider’s stock worth $529,000 after buying an additional 75 shares during the last quarter. First City Capital Management Inc. grew its position in shares of Duke Energy by 0.4% in the 2nd quarter. First City Capital Management Inc. now owns 20,589 shares of the utilities provider’s stock worth $1,721,000 after buying an additional 78 shares during the last quarter. Gofen & Glossberg LLC IL grew its position in shares of Duke Energy by 0.7% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 12,368 shares of the utilities provider’s stock worth $1,034,000 after buying an additional 85 shares during the last quarter. Finally, Atlantic Trust LLC grew its position in shares of Duke Energy by 2.7% in the 2nd quarter. Atlantic Trust LLC now owns 7,371 shares of the utilities provider’s stock worth $607,000 after buying an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.
DUK has been the topic of a number of recent analyst reports. Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $80.11 to $88.00 in a research report on Wednesday, January 10th. Morgan Stanley lifted their price objective 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. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. SunTrust Banks restated a “hold” rating and set a $83.00 price target on shares of Duke Energy in a research report on Tuesday, December 26th. Finally, ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. Duke Energy currently has an average rating of “Hold” and a consensus target price of $86.33.
Duke Energy Corp (DUK) opened at $76.13 on Friday. The stock has a market capitalization of $53,298.08, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 4.36 and a beta of 0.15. Duke Energy Corp has a one year low of $72.93 and a one year high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.42 and a current ratio of 0.68.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. equities research analysts forecast that Duke Energy Corp will post 4.7 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s payout ratio is 81.65%.
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Duke Energy 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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