Centiva Capital LP lowered its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 70.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,750 shares of the utilities provider's stock after selling 13,863 shares during the quarter. Centiva Capital LP's holdings in Duke Energy were worth $620,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of DUK. Bcwm LLC bought a new stake in Duke Energy during the 4th quarter worth approximately $9,815,000. Bailard Inc. increased its holdings in shares of Duke Energy by 10.9% during the fourth quarter. Bailard Inc. now owns 31,921 shares of the utilities provider's stock valued at $3,439,000 after acquiring an additional 3,139 shares in the last quarter. KMG Fiduciary Partners LLC raised its position in shares of Duke Energy by 5.5% during the fourth quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider's stock worth $5,613,000 after purchasing an additional 2,705 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Duke Energy by 25.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 35,755 shares of the utilities provider's stock worth $3,852,000 after purchasing an additional 7,319 shares in the last quarter. Finally, First Business Financial Services Inc. bought a new stake in Duke Energy during the 4th quarter valued at $384,000. 65.31% of the stock is owned by institutional investors.
Duke Energy Stock Up 2.4%
Shares of NYSE DUK traded up $2.73 during midday trading on Thursday, reaching $115.19. 1,527,053 shares of the company's stock traded hands, compared to its average volume of 3,411,242. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The company has a market cap of $89.53 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a one year low of $99.21 and a one year high of $125.27. The stock's 50 day simple moving average is $119.37 and its 200-day simple moving average is $114.54.
Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The company had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. The firm's revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $1.44 earnings per share. On average, analysts predict that Duke Energy Co. will post 6.33 EPS for the current fiscal year.
Duke Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.63%. Duke Energy's payout ratio is currently 69.32%.
Analyst Ratings Changes
Several research firms recently weighed in on DUK. JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Citigroup lifted their price target on Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley boosted their price objective on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Barclays increased their price target on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group lifted their price objective on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $126.00.
Check Out Our Latest Research Report on DUK
Duke Energy Company Profile
(
Free Report)
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.
Featured Articles
Before you consider Duke Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Duke Energy wasn't on the list.
While Duke Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
