Carret Asset Management LLC lessened its stake in shares of Duke Energy Corporation (NYSE:DUK) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,195 shares of the utilities provider’s stock after selling 160 shares during the quarter. Carret Asset Management LLC’s holdings in Duke Energy Corporation were worth $936,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Trust Co. of Toledo NA OH boosted its stake in shares of Duke Energy Corporation by 1.9% during the 1st quarter. Trust Co. of Toledo NA OH now owns 21,684 shares of the utilities provider’s stock worth $1,778,000 after acquiring an additional 404 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Duke Energy Corporation by 7.4% during the 1st quarter. Private Advisor Group LLC now owns 64,143 shares of the utilities provider’s stock worth $5,313,000 after acquiring an additional 4,411 shares in the last quarter. Peapack Gladstone Financial Corp boosted its stake in shares of Duke Energy Corporation by 2.9% during the 1st quarter. Peapack Gladstone Financial Corp now owns 20,083 shares of the utilities provider’s stock worth $1,647,000 after acquiring an additional 574 shares in the last quarter. GWM Advisors LLC boosted its stake in shares of Duke Energy Corporation by 26.3% during the 1st quarter. GWM Advisors LLC now owns 19,136 shares of the utilities provider’s stock worth $1,586,000 after acquiring an additional 3,979 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Duke Energy Corporation during the 1st quarter worth about $6,973,000. Institutional investors own 56.29% of the company’s stock.
Several analysts have recently issued reports on DUK shares. Zacks Investment Research downgraded Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. SunTrust Banks, Inc. reissued a “hold” rating and set a $87.00 price objective on shares of Duke Energy Corporation in a research report on Wednesday, October 4th. J P Morgan Chase & Co boosted their price objective on Duke Energy Corporation from $83.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. BidaskClub raised Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Morgan Stanley boosted their price objective on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Duke Energy Corporation currently has an average rating of “Hold” and a consensus target price of $86.90.
Duke Energy Corporation (DUK) opened at $90.58 on Thursday. 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 company has a market capitalization of $63,760.77, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 4.98 and a beta of 0.26. Duke Energy Corporation has a twelve month low of $72.34 and a twelve month high of $91.80.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 EPS. equities research analysts expect that Duke Energy Corporation will post 4.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a yield of 3.93%. Duke Energy Corporation’s dividend payout ratio (DPR) is 117.49%.
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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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