Duke Energy Corporation (DUK) Shares Bought by Quantitative Investment Management LLC
Quantitative Investment Management LLC increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 309.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,300 shares of the utilities provider’s stock after buying an additional 75,800 shares during the period. Quantitative Investment Management LLC’s holdings in Duke Energy Corporation were worth $8,225,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. Moloney Securities Asset Management LLC bought a new stake in shares of Duke Energy Corporation during the fourth quarter worth $1,044,000. Silvercrest Asset Management Group LLC raised its stake in Duke Energy Corporation by 8.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 15,295 shares of the utilities provider’s stock valued at $1,187,000 after buying an additional 1,167 shares in the last quarter. Guardian Capital Advisors LP raised its stake in Duke Energy Corporation by 0.6% in the fourth quarter. Guardian Capital Advisors LP now owns 99,439 shares of the utilities provider’s stock valued at $7,731,000 after buying an additional 577 shares in the last quarter. Zurich Insurance Group Ltd FI raised its stake in Duke Energy Corporation by 98.3% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 110,027 shares of the utilities provider’s stock valued at $8,540,000 after buying an additional 54,552 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Duke Energy Corporation by 15.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 228,556 shares of the utilities provider’s stock valued at $17,740,000 after buying an additional 30,503 shares in the last quarter. Institutional investors own 55.79% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) traded up 0.90% during mid-day trading on Thursday, hitting $86.51. 2,915,400 shares of the stock traded hands. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $87.75. The stock has a market cap of $60.55 billion, a PE ratio of 23.32 and a beta of 0.24. The company has a 50 day moving average of $84.87 and a 200-day moving average of $82.44.
Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a return on equity of 7.87% and a net margin of 9.17%. Duke Energy Corporation’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $1.07 EPS. Equities research analysts forecast that Duke Energy Corporation will post $4.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio (DPR) is 109.27%.
Several equities research analysts have recently commented on DUK shares. Deutsche Bank AG boosted their price target on shares of Duke Energy Corporation from $81.00 to $83.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Barclays PLC restated an “equal weight” rating and issued a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corporation in a report on Sunday, April 23rd. Zacks Investment Research lowered shares of Duke Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. BMO Capital Markets restated a “hold” rating and issued a $81.00 price target on shares of Duke Energy Corporation in a report on Friday, April 28th. Finally, BidaskClub lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Duke Energy Corporation currently has an average rating of “Hold” and a consensus price target of $82.23.
In other Duke Energy Corporation news, Director John H. Forsgren sold 2,190 shares of Duke Energy Corporation stock in a transaction on Friday, May 12th. The stock was sold at an average price of $82.86, for a total value of $181,463.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director E Marie Mckee sold 1,937 shares of Duke Energy Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.
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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