Forsta AP Fonden Has $7.21 Million Stake in Duke Energy Corp (DUK)
Forsta AP Fonden trimmed its stake in Duke Energy Corp (NYSE:DUK) by 23.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,882 shares of the utilities provider’s stock after selling 26,346 shares during the period. Forsta AP Fonden’s holdings in Duke Energy were worth $7,207,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Financial Advisory Service Inc. increased its stake in shares of Duke Energy by 0.3% in the 2nd quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 17 shares in the last quarter. Valley National Advisers Inc. increased its stake in Duke Energy by 0.7% in the 1st quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after buying an additional 18 shares in the last quarter. Hodges Capital Management Inc. increased its stake in Duke Energy by 0.3% in the 2nd quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock worth $594,000 after buying an additional 19 shares in the last quarter. Accredited Investors Inc. increased its stake in Duke Energy by 0.7% in the 2nd quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock worth $235,000 after buying an additional 19 shares in the last quarter. Finally, Hudock Capital Group LLC increased its stake in Duke Energy by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock worth $699,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 57.34% of the company’s stock.
A number of equities research analysts have issued reports on the company. Morgan Stanley increased their price target on Duke Energy from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Citigroup increased their price target on Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Deutsche Bank reiterated a “hold” rating and issued a $84.00 price target (up previously from $83.00) on shares of Duke Energy in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Thursday, August 24th. Finally, Bank of America reiterated a “neutral” rating and issued a $92.00 price target on shares of Duke Energy in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $86.90.
Duke Energy Corp (DUK) opened at $88.26 on Wednesday. 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 Corp has a 1-year low of $73.50 and a 1-year high of $91.80. The company has a market cap of $62,031.84, a PE ratio of 19.92, a P/E/G ratio of 4.85 and a beta of 0.26.
Duke Energy (NYSE:DUK) last announced its quarterly 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. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter last year, the firm earned $1.68 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. research analysts expect that Duke Energy Corp will post 4.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy’s payout ratio is currently 117.49%.
Duke Energy 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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