Westwood Holdings Group Inc. Purchases New Position in Duke Energy Corporation (DUK)
Westwood Holdings Group Inc. purchased a new position in shares of Duke Energy Corporation (NYSE:DUK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,169 shares of the utilities provider’s stock, valued at approximately $181,000.
Other large investors also recently made changes to their positions in the company. Winfield Associates Inc. raised its stake in Duke Energy Corporation by 14.3% during the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 165 shares in the last quarter. Jolley Asset Management LLC raised its stake in Duke Energy Corporation by 26.4% during the 2nd 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 in the last quarter. Daiwa SB Investments Ltd. acquired a new stake in Duke Energy Corporation during the 2nd quarter worth $130,000. Jacobi Capital Management LLC raised its stake in Duke Energy Corporation by 104.1% during the 1st 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 in the last quarter. Finally, Camarda Financial Advisors LLC raised its stake in Duke Energy Corporation by 357.1% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 56.30% of the company’s stock.
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Shares of Duke Energy Corporation (NYSE:DUK) opened at $88.52 on Monday. The firm has a market cap of $61,961.84, a PE ratio of 19.89, a PEG ratio of 4.84 and a beta of 0.26. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. Duke Energy Corporation has a fifty-two week low of $72.34 and a fifty-two week high of $91.80.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The business had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 earnings per share. sell-side analysts expect that Duke Energy Corporation will post 4.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s payout ratio is 117.49%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy Corporation stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.07% of the stock is owned by insiders.
Several equities research analysts recently commented on DUK shares. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BMO Capital Markets reiterated a “hold” rating and set a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Deutsche Bank AG reiterated a “hold” rating and set a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Morgan Stanley raised their price objective on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $86.90.
About Duke Energy Corporation
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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