Duke Energy Co. (NYSE:DUK) Shares Sold by Profund Advisors LLC


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Profund Advisors LLC decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 3.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,848 shares of the utilities provider’s stock after selling 1,281 shares during the period. Profund Advisors LLC’s holdings in Duke Energy were worth $3,099,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DUK. FMR LLC lifted its position in Duke Energy by 63.9% during the fourth quarter. FMR LLC now owns 8,728,974 shares of the utilities provider’s stock worth $799,224,000 after buying an additional 3,404,795 shares during the period. Morgan Stanley lifted its holdings in shares of Duke Energy by 25.0% during the 3rd quarter. Morgan Stanley now owns 4,957,683 shares of the utilities provider’s stock worth $439,053,000 after acquiring an additional 992,573 shares during the period. Squarepoint Ops LLC boosted its position in shares of Duke Energy by 144.1% in the third quarter. Squarepoint Ops LLC now owns 801,773 shares of the utilities provider’s stock worth $71,005,000 after acquiring an additional 473,254 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Duke Energy by 1.4% in the third 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 last quarter. Finally, Rothschild & Co. Asset Management US Inc. grew its holdings in Duke Energy by 51.4% in the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 708,275 shares of the utilities provider’s stock valued at $64,849,000 after purchasing an additional 240,333 shares during the period. 63.48% of the stock is owned by institutional investors and hedge funds.

NYSE DUK opened at $88.35 on Tuesday. 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 fifty-two week low of $62.13 and a fifty-two week high of $103.79. The business has a 50 day moving average price of $91.28 and a two-hundred day moving average price of $89.38. The stock has a market cap of $65.02 billion, a PE ratio of 32.36, a P/E/G ratio of 4.88 and a beta of 0.23.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Wednesday, February 10th. The utilities provider reported $1.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.03. Duke Energy had a net margin of 8.68% and a return on equity of 8.28%. Sell-side analysts anticipate that Duke Energy Co. will post 5.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 16th. Stockholders of record on Friday, February 12th will be paid a dividend of $0.965 per share. The ex-dividend date of this dividend is Thursday, February 11th. This represents a $3.86 annualized dividend and a dividend yield of 4.37%. Duke Energy’s dividend payout ratio is presently 76.28%.

Several research analysts recently weighed in on the company. Mizuho increased their target price on Duke Energy from $93.00 to $96.00 in a research report on Monday, February 1st. Credit Suisse Group raised their price objective on Duke Energy from $92.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, January 29th. Morgan Stanley decreased their target price on Duke Energy from $95.00 to $93.00 and set an “equal weight” rating for the company in a report on Wednesday, January 20th. The Goldman Sachs Group downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 target price for the company. in a research report on Thursday, January 14th. Finally, BMO Capital Markets assumed coverage on shares of Duke Energy in a research report on Tuesday, November 24th. They set an “outperform” rating and a $99.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Duke Energy has a consensus rating of “Hold” and an average price target of $98.00.

Duke Energy Company 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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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