Raymond James & Associates grew its stake in Duke Energy Corp (NYSE:DUK) by 1.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,987,347 shares of the utilities provider’s stock after purchasing an additional 29,737 shares during the period. Raymond James & Associates’ holdings in Duke Energy were worth $167,156,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of DUK. HighTower Advisors LLC raised its holdings in Duke Energy by 8.2% in the 2nd quarter. HighTower Advisors LLC now owns 236,687 shares of the utilities provider’s stock worth $19,809,000 after purchasing an additional 17,934 shares in the last quarter. Clinton Group Inc. bought a new position in shares of Duke Energy in the 2nd quarter worth about $2,261,000. Garner Asset Management Corp bought a new position in shares of Duke Energy in the 2nd quarter worth about $618,000. Sun Life Financial INC increased its stake in shares of Duke Energy by 2,803.2% in the 2nd quarter. Sun Life Financial INC now owns 8,216 shares of the utilities provider’s stock worth $687,000 after acquiring an additional 7,933 shares in the last quarter. Finally, Guardian Capital LP increased its stake in shares of Duke Energy by 10.7% in the 2nd quarter. Guardian Capital LP now owns 158,230 shares of the utilities provider’s stock worth $13,226,000 after acquiring an additional 15,276 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.
In related news, COO Dhiaa M. Jamil sold 500 shares of the stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total transaction of $44,540.00. Following the sale, the chief operating officer now directly owns 34,115 shares of the company’s stock, valued at approximately $3,038,964.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.
Shares of Duke Energy Corp (DUK) opened at $76.13 on Monday. Duke Energy Corp has a 1 year low of $72.93 and a 1 year high of $91.80. The company has a market cap of $53,298.05, a PE ratio of 17.46, a P/E/G ratio of 4.38 and a beta of 0.15. 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 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the firm posted $0.81 EPS. Duke Energy’s revenue for the quarter was up 4.1% on a year-over-year basis. equities analysts predict that Duke Energy Corp will post 4.7 earnings per share for the current fiscal year.
The company also recently disclosed 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. This represents a $3.56 annualized dividend and a yield of 4.68%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is 81.65%.
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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