Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Duke Energy Corp (NYSE:DUK) by 2.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 163,888 shares of the utilities provider’s stock after purchasing an additional 4,692 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Duke Energy were worth $14,750,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the company. OLD Second National Bank of Aurora raised its stake in shares of Duke Energy by 4.1% during the 1st quarter. OLD Second National Bank of Aurora now owns 2,920 shares of the utilities provider’s stock worth $263,000 after buying an additional 114 shares in the last quarter. BRYN MAWR TRUST Co increased its stake in Duke Energy by 0.5% in the 4th quarter. BRYN MAWR TRUST Co now owns 21,157 shares of the utilities provider’s stock valued at $1,826,000 after purchasing an additional 115 shares in the last quarter. Atlas Brown Inc. increased its stake in Duke Energy by 1.4% in the 1st quarter. Atlas Brown Inc. now owns 9,063 shares of the utilities provider’s stock valued at $816,000 after purchasing an additional 123 shares in the last quarter. Intl Fcstone Inc. increased its stake in Duke Energy by 3.8% in the 1st quarter. Intl Fcstone Inc. now owns 3,400 shares of the utilities provider’s stock valued at $306,000 after purchasing an additional 125 shares in the last quarter. Finally, Buckhead Capital Management LLC increased its stake in Duke Energy by 0.4% in the 1st quarter. Buckhead Capital Management LLC now owns 31,618 shares of the utilities provider’s stock valued at $2,846,000 after purchasing an additional 125 shares in the last quarter. 60.22% of the stock is owned by institutional investors and hedge funds.
Duke Energy stock opened at $88.81 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 1.25. The firm has a market cap of $64.66 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 3.71 and a beta of 0.06. Duke Energy Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.67.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.03. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.39 billion. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. Duke Energy’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. On average, research analysts anticipate that Duke Energy Corp will post 4.94 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be given a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s payout ratio is 78.60%.
Several equities analysts recently weighed in on DUK shares. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Morgan Stanley raised their price objective on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Bank of America raised their price objective on Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, March 11th. Finally, Zacks Investment Research downgraded Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Duke Energy presently has an average rating of “Hold” and an average target price of $88.70.
In other Duke Energy news, Chairman Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $89.92, for a total transaction of $1,348,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Marie Mckee sold 1,781 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $87.37, for a total value of $155,605.97. Following the transaction, the director now directly owns 1 shares of the company’s stock, valued at approximately $87.37. The disclosure for this sale can be found here. Insiders have sold 22,731 shares of company stock valued at $2,027,567 in the last three months. 0.09% of the stock is currently owned by company insiders.
Duke Energy Company 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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