Close Asset Management Ltd Sells 133 Shares of Duke Energy Corp (NYSE:DUK)

Share on StockTwits

Close Asset Management Ltd lessened its position in shares of Duke Energy Corp (NYSE:DUK) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,675 shares of the utilities provider’s stock after selling 133 shares during the quarter. Close Asset Management Ltd’s holdings in Duke Energy were worth $3,996,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Duke Energy by 1.9% during 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 purchasing an additional 1,102,963 shares in the last quarter. BlackRock Inc. increased its stake in Duke Energy by 1.8% during the 2nd quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock valued at $4,450,250,000 after purchasing an additional 888,787 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Duke Energy by 4.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 21,318,682 shares of the utilities provider’s stock valued at $2,043,609,000 after purchasing an additional 990,017 shares in the last quarter. Invesco Ltd. increased its stake in Duke Energy by 43.9% during the 2nd quarter. Invesco Ltd. now owns 11,711,714 shares of the utilities provider’s stock valued at $1,033,443,000 after purchasing an additional 3,574,870 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Duke Energy by 6.1% during the 2nd quarter. Northern Trust Corp now owns 9,852,985 shares of the utilities provider’s stock valued at $869,427,000 after purchasing an additional 566,287 shares in the last quarter. Institutional investors and hedge funds own 60.32% of the company’s stock.

NYSE DUK traded up $0.04 during mid-day trading on Wednesday, reaching $87.63. 151,414 shares of the stock were exchanged, compared to its average volume of 3,039,085. The business’s 50 day moving average is $94.85 and its 200-day moving average is $90.74. Duke Energy Corp has a 1 year low of $82.46 and a 1 year high of $97.37. The company has a market capitalization of $65.54 billion, a P/E ratio of 18.62, a P/E/G ratio of 3.68 and a beta of 0.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.49 and a current ratio of 0.72.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.10. Duke Energy had a net margin of 14.10% and a return on equity of 8.24%. The firm had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the prior year, the firm posted $1.65 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that Duke Energy Corp will post 5.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Thursday, November 14th. Duke Energy’s dividend payout ratio (DPR) is presently 80.08%.

Several analysts have recently commented on the stock. Wells Fargo & Co dropped their price objective on shares of Duke Energy from $100.00 to $96.00 and set a “market perform” rating on the stock in a report on Monday. 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 report on Monday, October 14th. 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 report on Thursday, October 17th. Citigroup dropped their price objective on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Finally, SunTrust Banks dropped their price objective on shares of Duke Energy to $90.00 and set a “hold” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Duke Energy has a consensus rating of “Hold” and a consensus price target of $94.44.

In other Duke Energy news, EVP Douglas F. Esamann sold 4,430 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $92.44, for a total transaction of $409,509.20. Following the transaction, the executive vice president now directly owns 64,722 shares of the company’s stock, valued at $5,982,901.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Lloyd M. Yates sold 20,000 shares of the stock in a transaction on 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 directly owns 41,154 shares in the company, valued at $3,737,194.74. The disclosure for this sale can be found here. Insiders have sold 26,802 shares of company stock worth $2,443,654 over the last three months. 0.09% of the stock is currently owned by insiders.

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.

Read More: Insider Trading

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

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Jennifer R. Condame Sells 1,609 Shares of Graham Co.  Stock
Jennifer R. Condame Sells 1,609 Shares of Graham Co. Stock
Michael R. Smith Purchases 5,000 Shares of ICC Holdings Inc  Stock
Michael R. Smith Purchases 5,000 Shares of ICC Holdings Inc Stock
Insider Selling: eXp World Holdings Inc  CAO Sells 8,334 Shares of Stock
Insider Selling: eXp World Holdings Inc CAO Sells 8,334 Shares of Stock
Mario J. Gabelli Buys 2,264 Shares of Associated Capital Group Inc  Stock
Mario J. Gabelli Buys 2,264 Shares of Associated Capital Group Inc Stock
Joshua Levine Sells 17,587 Shares of Accuray Incorporated  Stock
Joshua Levine Sells 17,587 Shares of Accuray Incorporated Stock
Hanger Inc  Shares Purchased by Barclays PLC
Hanger Inc Shares Purchased by Barclays PLC


© 2006-2019 Ticker Report