Nissay Asset Management Corp Japan ADV increased its stake in Duke Energy Corp (NYSE:DUK) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,953 shares of the utilities provider’s stock after buying an additional 4,535 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Duke Energy were worth $6,158,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. lifted its position in Duke Energy by 0.4% in the second quarter. BlackRock Inc. now owns 45,977,809 shares of the utilities provider’s stock worth $3,635,924,000 after buying an additional 174,888 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Duke Energy by 0.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 19,862,028 shares of the utilities provider’s stock worth $1,589,358,000 after buying an additional 121,046 shares during the last quarter. Legal & General Group Plc lifted its position in Duke Energy by 1.9% in the second quarter. Legal & General Group Plc now owns 5,037,516 shares of the utilities provider’s stock worth $398,357,000 after buying an additional 95,960 shares during the last quarter. FMR LLC lifted its position in Duke Energy by 28.5% in the second quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock worth $365,201,000 after buying an additional 1,023,646 shares during the last quarter. Finally, Swiss National Bank lifted its position in Duke Energy by 2.4% in the second quarter. Swiss National Bank now owns 3,098,691 shares of the utilities provider’s stock worth $245,044,000 after buying an additional 73,200 shares during the last quarter. Institutional investors own 58.83% of the company’s stock.
A number of analysts have weighed in on the company. Howard Weil assumed coverage on Duke Energy in a research note on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 target price on the stock. Zacks Investment Research lowered Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Morgan Stanley increased their target price on Duke Energy from $79.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Monday, July 16th. Guggenheim reiterated a “buy” rating and issued a $85.00 target price on shares of Duke Energy in a research note on Monday, July 23rd. Finally, Scotiabank assumed coverage on Duke Energy in a research note on Tuesday, July 24th. They issued a “buy” rating and a $85.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.06.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.08). The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.61 billion. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 EPS. Sell-side analysts predict that Duke Energy Corp will post 4.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.9275 per share. The ex-dividend date is Thursday, November 15th. This represents a $3.71 annualized dividend and a dividend yield of 4.49%. Duke Energy’s dividend payout ratio is currently 81.18%.
In other news, EVP Melissa H. Anderson sold 500 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $81.76, for a total transaction of $40,880.00. Following the transaction, the executive vice president now owns 15,096 shares in the company, valued at $1,234,248.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Dhiaa M. Jamil sold 7,000 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $80.98, for a total value of $566,860.00. Following the transaction, the chief operating officer now owns 4,279 shares in the company, valued at approximately $346,513.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,779 shares of company stock worth $956,650. Insiders own 0.07% of the company’s stock.
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; 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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