Norinchukin Bank The lifted its position in Duke Energy Corp (NYSE:DUK) by 3.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,618 shares of the utilities provider’s stock after purchasing an additional 3,042 shares during the quarter. Norinchukin Bank The’s holdings in Duke Energy were worth $7,353,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of DUK. BlackRock Inc. boosted its holdings in shares of Duke Energy by 2,866.0% in the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after purchasing an additional 41,268,968 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Duke Energy by 33.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock worth $772,704,000 after purchasing an additional 2,345,114 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Duke Energy by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock worth $3,975,109,000 after purchasing an additional 1,918,598 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Duke Energy by 25.1% in the 1st quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock worth $402,605,000 after purchasing an additional 986,456 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Duke Energy by 575.7% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the utilities provider’s stock worth $81,984,000 after purchasing an additional 814,210 shares in the last quarter. Hedge funds and other institutional investors own 57.34% of the company’s stock.
DUK has been the subject of a number of research reports. Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. SunTrust Banks restated a “hold” rating and set a $87.00 target price on shares of Duke Energy in a report on Wednesday, October 4th. J P Morgan Chase & Co increased their target price on Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Morgan Stanley increased their target price on Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Finally, BidaskClub upgraded Duke Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $87.21.
Duke Energy (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. Duke Energy’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 EPS. equities analysts predict that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Thursday, November 16th. Duke Energy’s payout ratio is 117.49%.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.
Duke Energy Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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