Palo Capital Inc. boosted its holdings in shares of Duke Energy Corp (NYSE:DUK) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,567 shares of the utilities provider’s stock after purchasing an additional 2,892 shares during the period. Palo Capital Inc.’s holdings in Duke Energy were worth $1,898,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in DUK. Nelson Roberts Investment Advisors LLC bought a new stake in Duke Energy during the 3rd quarter valued at approximately $112,000. Shamrock Asset Management LLC bought a new stake in Duke Energy during the 4th quarter valued at approximately $115,000. Wealthcare Advisory Partners LLC bought a new stake in Duke Energy during the 3rd quarter valued at approximately $131,000. Acropolis Investment Management LLC bought a new stake in Duke Energy during the 4th quarter valued at approximately $131,000. Finally, AllSquare Wealth Management LLC bought a new stake in Duke Energy during the 3rd quarter valued at approximately $155,000. Institutional investors own 57.21% of the company’s stock.
Several analysts have weighed in on DUK shares. SunTrust Banks reaffirmed a “hold” rating and set a $87.00 price objective on shares of Duke Energy in a research report on Wednesday, October 4th. Zacks Investment Research raised Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Citigroup lifted their price objective on Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. Finally, Bank of America reaffirmed a “neutral” rating and set a $92.00 price objective on shares of Duke Energy in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. Duke Energy presently has a consensus rating of “Hold” and an average target price of $87.19.
Duke Energy Corp (NYSE:DUK) traded down $0.52 during mid-day trading on Monday, reaching $76.82. The company had a trading volume of 4,536,600 shares, compared to its average volume of 3,601,731. The company has a market cap of $54,200.00, a PE ratio of 20.16, a PEG ratio of 3.98 and a beta of 0.26. Duke Energy Corp has a fifty-two week low of $76.28 and a fifty-two week high of $91.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.03. The business had revenue of $6.48 billion for 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%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 EPS. analysts predict that Duke Energy Corp will post 4.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a yield of 4.63%. Duke Energy’s dividend payout ratio is presently 93.44%.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is currently owned by insiders.
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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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