Cornercap Investment Counsel Inc. purchased a new position in Duke Energy Corp (NYSE:DUK) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 39,465 shares of the utilities provider’s stock, valued at approximately $3,319,000.
Several other large investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in Duke Energy by 69.3% during the fourth quarter. Renaissance Technologies LLC now owns 4,302,017 shares of the utilities provider’s stock valued at $361,843,000 after purchasing an additional 1,760,350 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Duke Energy by 259.9% during the second quarter. Janus Henderson Group PLC now owns 830,534 shares of the utilities provider’s stock valued at $69,425,000 after purchasing an additional 599,761 shares during the last quarter. BlackRock Inc. lifted its stake in Duke Energy by 0.9% during the fourth quarter. BlackRock Inc. now owns 45,499,220 shares of the utilities provider’s stock valued at $3,826,940,000 after purchasing an additional 424,604 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Duke Energy during the fourth quarter valued at approximately $32,957,000. Finally, Victory Capital Management Inc. lifted its stake in Duke Energy by 3,030.3% during the third quarter. Victory Capital Management Inc. now owns 377,579 shares of the utilities provider’s stock valued at $31,686,000 after purchasing an additional 365,517 shares during the last quarter. 57.13% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on DUK shares. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Morgan Stanley boosted their price target on shares of Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. SunTrust Banks restated a “hold” rating and set a $83.00 price target on shares of Duke Energy in a report on Tuesday, December 26th. Finally, Guggenheim restated a “buy” rating and set a $96.00 price target on shares of Duke Energy in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. Duke Energy currently has a consensus rating of “Hold” and an average target price of $86.33.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.03. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $6.09 billion. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 EPS. equities research analysts expect that Duke Energy Corp will post 4.7 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a $0.89 dividend. The ex-dividend date is Thursday, February 15th. This represents a $3.56 annualized dividend and a yield of 4.68%. Duke Energy’s dividend payout ratio is presently 81.65%.
In other Duke Energy news, COO Dhiaa M. Jamil sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total value of $44,540.00. Following the transaction, the chief operating officer now owns 34,115 shares in the company, valued at approximately $3,038,964.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by corporate 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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