QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Duke Energy Corp (NYSE:DUK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,300 shares of the utilities provider’s stock, valued at approximately $824,000.
Several other institutional investors also recently bought and sold shares of the company. Landaas & Co. WI ADV acquired a new stake in Duke Energy during the second quarter valued at approximately $110,000. TRUE Private Wealth Advisors acquired a new stake in Duke Energy during the third quarter valued at approximately $119,000. Kaizen Advisory LLC lifted its stake in Duke Energy by 125.8% during the second quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 858 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Duke Energy by 137.3% during the second quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Duke Energy during the second quarter valued at approximately $140,000. Institutional investors and hedge funds own 58.83% of the company’s stock.
In other Duke Energy news, COO Dhiaa M. Jamil sold 4,279 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total value of $348,909.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Dhiaa M. Jamil sold 7,000 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $80.98, for a total transaction of $566,860.00. Following the completion of the sale, the chief operating officer now owns 4,279 shares of the company’s stock, valued at approximately $346,513.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,779 shares of company stock valued at $956,650. Insiders own 0.08% of the company’s stock.
Duke Energy (NYSE:DUK) last released its earnings results on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.08). Duke Energy had a return on equity of 7.92% and a net margin of 11.52%. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.61 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, research analysts expect that Duke Energy Corp will post 4.7 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 16th will be given a $0.9275 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.71 dividend on an annualized basis and a yield of 4.45%. Duke Energy’s payout ratio is 81.18%.
Several research firms recently commented on DUK. ValuEngine raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Howard Weil assumed coverage on shares of Duke Energy in a research report on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 price target for the company. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Morgan Stanley upped their price target on shares of Duke Energy from $79.00 to $86.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. Finally, Guggenheim restated a “buy” rating and issued a $85.00 price target on shares of Duke Energy in a research report on Monday, July 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $84.06.
Duke Energy Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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