Delta Lloyd NV Increases Stake in Duke Energy Corp. (DUK)
Delta Lloyd NV boosted its position in Duke Energy Corp. (NYSE:DUK) by 21.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,244 shares of the company’s stock after buying an additional 9,465 shares during the period. Delta Lloyd NV’s holdings in Duke Energy Corp. were worth $4,262,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in DUK. Acadian Asset Management LLC boosted its position in shares of Duke Energy Corp. by 85.6% in the second quarter. Acadian Asset Management LLC now owns 957,001 shares of the company’s stock worth $82,100,000 after buying an additional 441,335 shares in the last quarter. Patten & Patten Inc. TN boosted its position in shares of Duke Energy Corp. by 0.8% in the third quarter. Patten & Patten Inc. TN now owns 29,133 shares of the company’s stock worth $2,332,000 after buying an additional 218 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Duke Energy Corp. by 53.9% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the company’s stock worth $81,984,000 after buying an additional 334,778 shares in the last quarter. Aviance Capital Management LLC boosted its position in shares of Duke Energy Corp. by 21.7% in the second quarter. Aviance Capital Management LLC now owns 377,236 shares of the company’s stock worth $32,363,000 after buying an additional 67,349 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Duke Energy Corp. by 2.2% in the second quarter. Strs Ohio now owns 742,611 shares of the company’s stock worth $63,708,000 after buying an additional 15,753 shares in the last quarter. Hedge funds and other institutional investors own 56.16% of the company’s stock.
Duke Energy Corp. (NYSE:DUK) traded down 3.40% on Wednesday, reaching $73.77. The company had a trading volume of 5,583,103 shares. Duke Energy Corp. has a 1-year low of $65.50 and a 1-year high of $87.75. The company’s 50-day moving average price is $76.86 and its 200 day moving average price is $80.54. The firm has a market capitalization of $50.82 billion, a P/E ratio of 17.84 and a beta of 0.13.
Duke Energy Corp. (NYSE:DUK) last posted its quarterly earnings results on Friday, November 4th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.10. Duke Energy Corp. had a return on equity of 8.20% and a net margin of 12.27%. The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the business earned $1.47 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Duke Energy Corp. will post $4.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 18th will be paid a $0.855 dividend. This represents a $3.42 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Wednesday, November 16th. Duke Energy Corp.’s dividend payout ratio (DPR) is presently 82.61%.
DUK has been the topic of a number of recent research reports. Bank of America Corp. cut Duke Energy Corp. from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $78.00 to $69.00 in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Thursday, September 15th. SunTrust Banks Inc. decreased their target price on Duke Energy Corp. from $83.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday, August 29th. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a report on Wednesday, September 14th. Finally, Citigroup Inc. decreased their price target on Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, October 4th. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $79.73.
In other Duke Energy Corp. news, Director John H. Forsgren purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were acquired at an average price of $77.80 per share, for a total transaction of $77,800.00. Following the purchase, the director now owns 1,165 shares in the company, valued at $90,637. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frank H. Yoho purchased 14,850 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was acquired at an average price of $74.00 per share, for a total transaction of $1,098,900.00. Following the purchase, the executive vice president now owns 23,687 shares in the company, valued at approximately $1,752,838. The disclosure for this purchase can be found here. 0.08% of the stock is owned by corporate insiders.
About Duke Energy Corp.
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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