Public Employees Retirement Association of Colorado raised its holdings in Duke Energy Corp (NYSE:DUK) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 128,603 shares of the utilities provider’s stock after acquiring an additional 825 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Duke Energy were worth $11,348,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in DUK. BlackRock Inc. boosted its stake in Duke Energy by 2.6% in the first quarter. BlackRock Inc. now owns 49,544,716 shares of the utilities provider’s stock valued at $4,459,023,000 after acquiring an additional 1,274,643 shares during the last quarter. Geode Capital Management LLC boosted its stake in Duke Energy by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock valued at $771,079,000 after acquiring an additional 750,534 shares during the last quarter. California Public Employees Retirement System boosted its stake in Duke Energy by 19.7% in the first quarter. California Public Employees Retirement System now owns 4,394,565 shares of the utilities provider’s stock valued at $395,511,000 after acquiring an additional 724,378 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Duke Energy by 5,502.1% in the first quarter. Assenagon Asset Management S.A. now owns 599,423 shares of the utilities provider’s stock valued at $53,948,000 after acquiring an additional 588,723 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Duke Energy by 52.2% in the second quarter. First Trust Advisors LP now owns 1,354,349 shares of the utilities provider’s stock valued at $119,508,000 after acquiring an additional 464,779 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director E Marie Mckee sold 1,781 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $87.37, for a total transaction of $155,605.97. Following the sale, the director now directly owns 1 shares in the company, valued at $87.37. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lloyd M. Yates sold 5,117 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $88.20, for a total transaction of $451,319.40. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.14. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share. Research analysts forecast that Duke Energy Corp will post 4.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.29%. This is a positive change from Duke Energy’s previous quarterly dividend of $0.93. The ex-dividend date is Thursday, August 15th. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.
A number of equities analysts have issued reports on DUK shares. KeyCorp assumed coverage on shares of Duke Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Morgan Stanley cut their target price on shares of Duke Energy from $99.00 to $92.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. ValuEngine lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 target price on the stock. in a report on Wednesday, June 26th. Finally, Barclays cut their target price on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $90.50.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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