Vantage Investment Partners LLC lowered its position in shares of Duke Energy Corp (NYSE:DUK) by 91.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,523 shares of the utilities provider’s stock after selling 135,388 shares during the quarter. Vantage Investment Partners LLC’s holdings in Duke Energy were worth $1,053,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Truewealth LLC acquired a new stake in Duke Energy during the fourth quarter worth approximately $102,000. Nelson Roberts Investment Advisors LLC purchased a new position in Duke Energy during the third quarter worth approximately $112,000. Global Trust Asset Management LLC purchased a new position in Duke Energy during the fourth quarter worth approximately $115,000. Shamrock Asset Management LLC purchased a new position in Duke Energy during the fourth quarter worth approximately $115,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in Duke Energy during the third quarter worth approximately $131,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.
A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Morgan Stanley increased their price target on shares of Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. SunTrust Banks reaffirmed a “hold” rating and set a $83.00 price target on shares of Duke Energy in a research note on Tuesday, December 26th. Finally, Guggenheim reaffirmed a “buy” rating and set a $96.00 price target on shares of Duke Energy in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $86.33.
Duke Energy Corp (NYSE:DUK) opened at $76.13 on Friday. Duke Energy Corp has a one year low of $72.93 and a one year high of $91.80. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The company has a market cap of $53,298.08, a price-to-earnings ratio of 16.62, a PEG ratio of 4.36 and a beta of 0.15.
Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. sell-side analysts forecast that Duke Energy Corp will post 4.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio is presently 81.65%.
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Duke Energy Company 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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