QCI Asset Management Inc. NY Has $12.74 Million Stake in Duke Energy Corp (DUK)

QCI Asset Management Inc. NY grew its position in Duke Energy Corp (NYSE:DUK) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,239 shares of the utilities provider’s stock after acquiring an additional 6,968 shares during the period. QCI Asset Management Inc. NY’s holdings in Duke Energy were worth $12,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Trust Co. of Vermont grew its holdings in Duke Energy by 6.7% in the second quarter. Trust Co. of Vermont now owns 17,298 shares of the utilities provider’s stock valued at $1,368,000 after purchasing an additional 1,085 shares during the period. Xact Kapitalforvaltning AB boosted its stake in shares of Duke Energy by 3.7% in the second quarter. Xact Kapitalforvaltning AB now owns 74,405 shares of the utilities provider’s stock worth $5,884,000 after acquiring an additional 2,630 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new stake in shares of Duke Energy in the second quarter worth approximately $201,000. Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in shares of Duke Energy in the second quarter worth approximately $1,004,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Duke Energy by 48.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 2,164 shares of the utilities provider’s stock worth $171,000 after acquiring an additional 707 shares during the last quarter. 58.85% of the stock is owned by institutional investors.

In related news, COO Dhiaa M. Jamil sold 4,279 shares of Duke Energy stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $81.54, for a total transaction of $348,909.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.

A number of brokerages have recently issued reports on DUK. Morgan Stanley lifted their price target on Duke Energy from $86.00 to $91.00 and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Scotiabank began coverage on Duke Energy in a research note on Tuesday, July 24th. They issued a “buy” rating and a $85.00 price target on the stock. JPMorgan Chase & Co. raised Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 price target on the stock in a research note on Monday, July 23rd. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price target on shares of Duke Energy in a research note on Monday, July 23rd. Finally, Citigroup raised Duke Energy from a “sell” rating to a “neutral” rating and set a $77.00 price target on the stock in a research note on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $84.00.

Shares of Duke Energy stock opened at $85.58 on Friday. Duke Energy Corp has a one year low of $71.96 and a one year high of $91.80. The company has a market cap of $60.38 billion, a P/E ratio of 18.73, a P/E/G ratio of 3.56 and a beta of -0.06. The company has a current ratio of 0.68, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.12. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter last year, the business posted $1.59 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, research analysts predict that Duke Energy Corp will post 4.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be given a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.71 dividend on an annualized basis and a yield of 4.34%. Duke Energy’s payout ratio is 81.18%.

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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.

See Also: Diversification

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

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