Union Bankshares Corp boosted its holdings in Duke Energy Corp (NYSE:DUK) by 43.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,386 shares of the utilities provider’s stock after acquiring an additional 2,536 shares during the quarter. Union Bankshares Corp’s holdings in Duke Energy were worth $724,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in DUK. YHB Investment Advisors Inc. increased its position in shares of Duke Energy by 8.4% in the fourth quarter. YHB Investment Advisors Inc. now owns 4,558 shares of the utilities provider’s stock valued at $393,000 after buying an additional 355 shares in the last quarter. Palo Capital Inc. increased its position in shares of Duke Energy by 1.8% in the third quarter. Palo Capital Inc. now owns 24,497 shares of the utilities provider’s stock valued at $1,960,000 after buying an additional 436 shares in the last quarter. Boltwood Capital Management increased its position in shares of Duke Energy by 8.3% in the fourth quarter. Boltwood Capital Management now owns 5,945 shares of the utilities provider’s stock valued at $513,000 after buying an additional 455 shares in the last quarter. Wright Investors Service Inc. increased its position in shares of Duke Energy by 5.3% in the third quarter. Wright Investors Service Inc. now owns 12,137 shares of the utilities provider’s stock valued at $971,000 after buying an additional 606 shares in the last quarter. Finally, Atria Investments LLC increased its position in shares of Duke Energy by 16.3% in the third quarter. Atria Investments LLC now owns 4,475 shares of the utilities provider’s stock valued at $358,000 after buying an additional 626 shares in the last quarter. Hedge funds and other institutional investors own 59.40% of the company’s stock.
A number of research analysts have recently weighed in on the company. Morgan Stanley dropped their price target on Duke Energy from $91.00 to $85.00 and set a “hold” rating for the company in a research report on Friday, September 21st. Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $88.00 to $87.00 in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Barclays increased their price objective on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research note on Monday, November 19th. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Finally, Zacks Investment Research lowered Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $85.25.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.12. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.59 billion. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS. On average, equities research analysts expect that Duke Energy Corp will post 4.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be paid a $0.9275 dividend. This represents a $3.71 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Thursday, February 14th. Duke Energy’s dividend payout ratio is currently 81.18%.
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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; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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