Symons Capital Management Inc. trimmed its position in shares of Duke Energy Corp (NYSE:DUK) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,157 shares of the utilities provider’s stock after selling 13,402 shares during the period. Duke Energy accounts for 5.0% of Symons Capital Management Inc.’s portfolio, making the stock its 2nd largest holding. Symons Capital Management Inc.’s holdings in Duke Energy were worth $10,752,000 at the end of the most recent quarter.
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Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Duke Energy by 43.9% in the 2nd quarter. Invesco Ltd. now owns 11,711,714 shares of the utilities provider’s stock worth $1,033,443,000 after purchasing an additional 3,574,870 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Duke Energy by 1.9% in the second quarter. Vanguard Group Inc. now owns 59,914,178 shares of the utilities provider’s stock worth $5,286,827,000 after buying an additional 1,102,963 shares in the last quarter. BlackRock Inc. boosted its position in shares of Duke Energy by 1.8% during the second quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock worth $4,450,250,000 after acquiring an additional 888,787 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Duke Energy by 19.9% during the second quarter. California Public Employees Retirement System now owns 5,267,847 shares of the utilities provider’s stock worth $464,835,000 after acquiring an additional 873,282 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its stake in Duke Energy by 4,030.8% during the second quarter. Balyasny Asset Management LLC now owns 727,722 shares of the utilities provider’s stock valued at $64,214,000 after acquiring an additional 710,105 shares in the last quarter. Institutional investors own 60.21% of the company’s stock.
A number of analysts have issued reports on the stock. Mizuho initiated coverage on shares of Duke Energy in a report on Friday, November 22nd. They issued a “neutral” rating and a $90.00 price target on the stock. Barclays upgraded Duke Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 27th. Goldman Sachs Group raised Duke Energy from a “sell” rating to a “buy” rating and lifted their target price for the stock from $88.00 to $93.00 in a report on Wednesday, November 27th. Morgan Stanley boosted their target price on Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, SunTrust Banks cut their price target on Duke Energy to $90.00 and set a “hold” rating for the company in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Duke Energy currently has a consensus rating of “Hold” and a consensus price target of $94.10.
Shares of NYSE:DUK opened at $87.29 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 1.24. Duke Energy Corp has a 52 week low of $82.46 and a 52 week high of $97.37. The firm has a fifty day simple moving average of $91.56 and a two-hundred day simple moving average of $90.62. The stock has a market capitalization of $64.28 billion, a P/E ratio of 18.49, a PEG ratio of 3.63 and a beta of 0.05.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.10. The company had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a return on equity of 8.24% and a net margin of 14.10%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.65 earnings per share. On average, analysts expect that Duke Energy Corp will post 5.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Thursday, November 14th. Duke Energy’s dividend payout ratio is currently 80.08%.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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