Marco Investment Management LLC lessened its position in shares of Duke Energy Corp (NYSE:DUK) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,202 shares of the utilities provider’s stock after selling 2,163 shares during the period. Duke Energy comprises 1.2% of Marco Investment Management LLC’s investment portfolio, making the stock its 27th biggest holding. Marco Investment Management LLC’s holdings in Duke Energy were worth $7,923,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BB&T Investment Services Inc. grew its holdings in Duke Energy by 11.8% during the 4th quarter. BB&T Investment Services Inc. now owns 18,997 shares of the utilities provider’s stock worth $1,593,000 after acquiring an additional 2,006 shares in the last quarter. Lake Street Advisors Group LLC acquired a new position in Duke Energy during the 4th quarter worth approximately $296,000. MetLife Investment Advisors LLC acquired a new position in Duke Energy during the 4th quarter worth approximately $18,214,000. Gotham Asset Management LLC acquired a new position in Duke Energy during the 4th quarter worth approximately $7,447,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Duke Energy by 113.6% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 38,620 shares of the utilities provider’s stock worth $3,249,000 after acquiring an additional 20,540 shares in the last quarter. Institutional investors own 56.98% of the company’s stock.
Shares of Duke Energy Corp (NYSE DUK) opened at $77.04 on Tuesday. The company has a market cap of $54,320.19, a price-to-earnings ratio of 17.67, a P/E/G ratio of 4.47 and a beta of 0.15. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.42. Duke Energy Corp has a 12-month low of $72.93 and a 12-month high of $91.80.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $6.09 billion. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. Duke Energy’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. equities analysts forecast that Duke Energy Corp will post 4.7 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 16th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.62%. Duke Energy’s dividend payout ratio (DPR) is presently 81.65%.
In other news, COO Dhiaa M. Jamil sold 500 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total transaction of $44,540.00. Following the transaction, the chief operating officer now directly owns 34,115 shares of the company’s stock, valued at approximately $3,038,964.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.
Several analysts have recently weighed in on DUK shares. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Morgan Stanley boosted their price objective on shares of Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. SunTrust Banks restated a “hold” rating and set a $83.00 price objective on shares of Duke Energy in a research report on Tuesday, December 26th. Finally, Guggenheim restated a “buy” rating and set a $96.00 price objective on shares of Duke Energy in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.53.
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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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