Duke Energy Corporation (DUK) Position Increased by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 27.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,810,773 shares of the utilities provider’s stock after buying an additional 393,659 shares during the period. Parametric Portfolio Associates LLC owned 0.26% of Duke Energy Corporation worth $151,363,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Winfield Associates Inc. boosted its holdings in Duke Energy Corporation by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after buying an additional 165 shares in the last quarter. Jolley Asset Management LLC raised its position in Duke Energy Corporation by 26.4% during the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 313 shares during the period. Daiwa SB Investments Ltd. acquired a new position in Duke Energy Corporation during the second quarter worth $130,000. Jacobi Capital Management LLC raised its position in Duke Energy Corporation by 104.1% during the first quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 1,010 shares during the period. Finally, Camarda Financial Advisors LLC raised its position in Duke Energy Corporation by 357.1% during the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after acquiring an additional 1,664 shares during the period. 56.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Bank of America Corporation restated a “neutral” rating and set a $92.00 price objective on shares of Duke Energy Corporation in a research report on Tuesday, October 24th. SunTrust Banks, Inc. restated a “hold” rating and set a $88.00 price objective on shares of Duke Energy Corporation in a research report on Thursday, October 12th. Finally, Morgan Stanley upped their price objective on shares of 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 investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Duke Energy Corporation presently has an average rating of “Hold” and a consensus target price of $86.90.
Shares of Duke Energy Corporation (DUK) opened at $89.36 on Wednesday. The company has a market cap of $61,506.86, a PE ratio of 19.75, a PEG ratio of 4.80 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $89.50.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.03. The business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. sell-side analysts anticipate that Duke Energy Corporation will post 4.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s payout ratio is currently 117.49%.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the sale, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.07% of the stock is currently 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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