Hancock Whitney Corp reduced its stake in shares of Duke Energy Corp (NYSE:DUK) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,347 shares of the utilities provider’s stock after selling 281 shares during the quarter. Hancock Whitney Corp’s holdings in Duke Energy were worth $2,129,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Savior LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $27,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $27,000. Peddock Capital Advisors LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $30,000. Pacifica Partners Inc. purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $30,000. Finally, John W. Brooker & Co. CPAs purchased a new stake in shares of Duke Energy in the fourth quarter valued at approximately $32,000. Institutional investors own 60.14% of the company’s stock.
A number of research firms have recently commented on DUK. UBS Group restated a “buy” rating and issued a $105.00 price objective on shares of Duke Energy in a research report on Thursday, January 2nd. Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating and set a $99.00 price target for the company. in a research report on Tuesday, January 21st. Barclays upgraded Duke Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 27th. Citigroup dropped their price target on Duke Energy from $94.00 to $93.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Finally, Goldman Sachs Group upgraded Duke Energy from a “sell” rating to a “buy” rating and boosted their price target for the stock from $88.00 to $93.00 in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $97.42.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.54 billion. Duke Energy had a return on equity of 8.37% and a net margin of 14.89%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. On average, analysts predict that Duke Energy Corp will post 5.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, February 13th. Duke Energy’s dividend payout ratio (DPR) is currently 74.70%.
About Duke Energy
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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