Guggenheim Capital LLC lifted its stake in shares of Duke Energy Co. (NYSE:DUK) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 258,186 shares of the utilities provider’s stock after purchasing an additional 3,317 shares during the quarter. Guggenheim Capital LLC’s holdings in Duke Energy were worth $22,865,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in Duke Energy by 491.0% during the second quarter. Thrivent Financial for Lutherans now owns 476,051 shares of the utilities provider’s stock worth $38,039,000 after buying an additional 395,498 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Duke Energy by 1.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 25,714,222 shares of the utilities provider’s stock worth $2,277,250,000 after acquiring an additional 355,234 shares during the period. California Public Employees Retirement System increased its stake in Duke Energy by 5.7% in the 2nd quarter. California Public Employees Retirement System now owns 6,017,090 shares of the utilities provider’s stock valued at $480,705,000 after purchasing an additional 325,275 shares in the last quarter. Prudential PLC raised its holdings in Duke Energy by 33.8% during the second quarter. Prudential PLC now owns 1,228,411 shares of the utilities provider’s stock worth $98,138,000 after purchasing an additional 310,052 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Duke Energy by 23.9% during the second quarter. Canada Pension Plan Investment Board now owns 1,555,772 shares of the utilities provider’s stock worth $124,290,000 after purchasing an additional 300,029 shares in the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.
In other Duke Energy news, COO Dhiaa M. Jamil sold 3,500 shares of Duke Energy stock in a transaction on Friday, November 20th. The shares were sold at an average price of $92.63, for a total value of $324,205.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.
DUK stock opened at $92.66 on Tuesday. The stock has a market capitalization of $68.19 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 5.26 and a beta of 0.24. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 1.24. Duke Energy Co. has a 52-week low of $62.13 and a 52-week high of $103.79. The stock’s fifty day simple moving average is $93.54 and its 200-day simple moving average is $86.17.
Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.08. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $7.34 billion. Duke Energy had a return on equity of 8.28% and a net margin of 8.68%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the company earned $1.79 EPS. As a group, analysts anticipate that Duke Energy Co. will post 5.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be given a dividend of $0.965 per share. This represents a $3.86 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Thursday, November 12th. Duke Energy’s dividend payout ratio (DPR) is 76.28%.
DUK has been the subject of several research reports. Bank of America raised Duke Energy from a “neutral” rating to a “buy” rating and cut their price target for the stock from $87.00 to $85.00 in a research note on Wednesday, September 9th. Morgan Stanley upped their price target on shares of Duke Energy from $98.00 to $101.00 and gave the company an “equal weight” rating in a report on Tuesday, November 17th. Barclays raised their price objective on shares of Duke Energy from $87.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 18th. BMO Capital Markets initiated coverage on Duke Energy in a research report on Tuesday, November 24th. They set an “outperform” rating and a $99.00 price objective for the company. Finally, Scotiabank cut Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 target price on the stock. in a report on Thursday, October 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $96.54.
Duke Energy Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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