Employees Retirement System of Texas reduced its stake in Duke Energy Corporation (NYSE:DUK) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,000 shares of the utilities provider’s stock after selling 1,000 shares during the period. Employees Retirement System of Texas’ holdings in Duke Energy Corporation were worth $3,260,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of DUK. Vanguard Group Inc. lifted its holdings in Duke Energy Corporation by 3.2% during the second quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock worth $4,183,115,000 after acquiring an additional 1,572,216 shares in the last quarter. BlackRock Inc. lifted its holdings in Duke Energy Corporation by 1.2% during the second quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock worth $3,612,384,000 after acquiring an additional 506,596 shares in the last quarter. State Street Corp lifted its holdings in Duke Energy Corporation by 1.3% during the first quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock worth $2,781,737,000 after acquiring an additional 451,100 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Duke Energy Corporation by 1.5% during the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock worth $791,919,000 after acquiring an additional 141,551 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Duke Energy Corporation by 33.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock worth $772,704,000 after acquiring an additional 2,345,114 shares in the last quarter. Institutional investors and hedge funds own 56.27% of the company’s stock.
In related news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the sale, the executive vice president now owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by insiders.
Shares of Duke Energy Corporation (NYSE DUK) opened at $88.89 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $62,220.87, a PE ratio of 19.98, a P/E/G ratio of 4.86 and a beta of 0.26. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $89.74.
Duke Energy Corporation (NYSE:DUK) last released its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. Duke Energy Corporation’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 earnings per share. research analysts expect that Duke Energy Corporation will post 4.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio is currently 117.49%.
Several research analysts have weighed in on DUK shares. Zacks Investment Research lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $87.00 target price on shares of Duke Energy Corporation in a report on Wednesday, October 4th. J P Morgan Chase & Co lifted their target price on Duke Energy Corporation from $83.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. BidaskClub upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Morgan Stanley lifted their target price on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.90.
Duke Energy Corporation 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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