Cozad Asset Management Inc. Purchases New Position in Duke Energy Corp (NYSE:DUK)

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Cozad Asset Management Inc. acquired a new stake in Duke Energy Corp (NYSE:DUK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,145 shares of the utilities provider’s stock, valued at approximately $206,000.

A number of other large investors have also recently bought and sold shares of DUK. Invesco Ltd. boosted its position in Duke Energy by 43.9% in the 2nd quarter. Invesco Ltd. now owns 11,711,714 shares of the utilities provider’s stock valued at $1,033,443,000 after buying an additional 3,574,870 shares during the last quarter. Vanguard Group Inc. boosted its position in Duke Energy by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 59,914,178 shares of the utilities provider’s stock valued at $5,286,827,000 after buying an additional 1,102,963 shares during the last quarter. BlackRock Inc. boosted its position in Duke Energy by 1.8% in the 2nd quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock valued at $4,450,250,000 after buying an additional 888,787 shares during the last quarter. California Public Employees Retirement System boosted its position in Duke Energy by 19.9% in the 2nd quarter. California Public Employees Retirement System now owns 5,267,847 shares of the utilities provider’s stock valued at $464,835,000 after buying an additional 873,282 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its position in Duke Energy by 4,030.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 727,722 shares of the utilities provider’s stock valued at $64,214,000 after buying an additional 710,105 shares during the last quarter. 60.32% of the stock is owned by institutional investors.

Shares of DUK stock opened at $93.64 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.47 and a current ratio of 0.71. Duke Energy Corp has a one year low of $82.46 and a one year high of $97.37. The company’s 50-day simple moving average is $95.35 and its 200-day simple moving average is $90.68. The stock has a market capitalization of $68.77 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 3.89 and a beta of 0.07.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter last year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, research analysts forecast that Duke Energy Corp will post 4.98 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.945 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.78 annualized dividend and a dividend yield of 4.04%. Duke Energy’s payout ratio is 80.08%.

In other news, EVP Lloyd M. Yates sold 20,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $90.81, for a total transaction of $1,816,200.00. Following the transaction, the executive vice president now owns 41,154 shares of the company’s stock, valued at $3,737,194.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dwight L. Jacobs sold 1,700 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $91.05, for a total transaction of $154,785.00. Following the transaction, the senior vice president now directly owns 4,891 shares in the company, valued at approximately $445,325.55. The disclosure for this sale can be found here. Insiders have sold 26,802 shares of company stock worth $2,443,654 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.

A number of research firms have weighed in on DUK. JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Citigroup decreased their price objective on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Morgan Stanley upped their price objective on shares of Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Credit Suisse Group upped their price objective on shares of Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, SunTrust Banks set a $96.00 price objective on shares of Duke Energy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Duke Energy currently has a consensus rating of “Hold” and an average price target of $94.22.

Duke Energy Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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