Sii Investments Inc. WI lessened its stake in Duke Energy Corporation (NYSE:DUK) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,314 shares of the utilities provider’s stock after selling 1,895 shares during the quarter. Sii Investments Inc. WI’s holdings in Duke Energy Corporation were worth $859,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DUK. Financial Advisory Service Inc. increased its position in shares of Duke Energy Corporation by 0.3% in the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 17 shares during the period. Valley National Advisers Inc. increased its position in shares of Duke Energy Corporation by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 18 shares during the period. Accredited Investors Inc. increased its position in shares of Duke Energy Corporation by 0.7% in the first quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 19 shares during the period. Hayek Kallen Investment Management increased its position in shares of Duke Energy Corporation by 0.5% in the first quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock worth $325,000 after purchasing an additional 19 shares during the period. Finally, Hodges Capital Management Inc. increased its position in shares of Duke Energy Corporation by 0.3% in the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock worth $594,000 after purchasing an additional 19 shares during the period. 56.29% of the stock is owned by institutional investors.
Duke Energy Corporation (NYSE DUK) opened at $89.88 on Tuesday. The stock has a market capitalization of $62,220.83, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 4.86 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $90.22.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities research analysts expect that Duke Energy Corporation will post 4.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 3.96%. Duke Energy Corporation’s dividend payout ratio is presently 117.49%.
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A number of research analysts have issued reports on DUK shares. BMO Capital Markets reiterated a “hold” rating and issued a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Morgan Stanley lifted their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Citigroup Inc. lifted their price target on Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday, October 17th. Deutsche Bank AG reissued a “hold” rating and set a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $86.90.
Duke Energy Corporation 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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