Hancock Whitney Corp Trims Holdings in Duke Energy Corp (NYSE:DUK)

Hancock Whitney Corp decreased its holdings in Duke Energy Corp (NYSE:DUK) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,347 shares of the utilities provider’s stock after selling 281 shares during the period. Hancock Whitney Corp’s holdings in Duke Energy were worth $2,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Duke Energy by 1.8% during the second quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock valued at $4,450,250,000 after buying an additional 888,787 shares during the period. State Street Corp increased its stake in shares of Duke Energy by 1.1% during the third quarter. State Street Corp now owns 37,751,534 shares of the utilities provider’s stock valued at $3,618,862,000 after buying an additional 398,849 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Duke Energy by 4.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 21,318,682 shares of the utilities provider’s stock valued at $2,043,609,000 after buying an additional 990,017 shares during the period. California Public Employees Retirement System increased its stake in shares of Duke Energy by 10.5% during the third quarter. California Public Employees Retirement System now owns 5,820,070 shares of the utilities provider’s stock valued at $557,912,000 after buying an additional 552,223 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Duke Energy by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,176,204 shares of the utilities provider’s stock valued at $289,702,000 after buying an additional 41,115 shares during the period. Institutional investors and hedge funds own 60.14% of the company’s stock.

DUK opened at $101.28 on Friday. The business’s 50-day moving average is $93.93 and its two-hundred day moving average is $92.33. Duke Energy Corp has a 1 year low of $84.28 and a 1 year high of $101.77. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.72 and a quick ratio of 0.49. The firm has a market capitalization of $72.98 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 4.00 and a beta of 0.07.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 13th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Duke Energy had a return on equity of 8.37% and a net margin of 14.89%. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts expect that Duke Energy Corp will post 5.15 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 14th will be paid a $0.945 dividend. The ex-dividend date is Thursday, February 13th. This represents a $3.78 annualized dividend and a yield of 3.73%. Duke Energy’s dividend payout ratio (DPR) is presently 74.70%.

Several brokerages have recently commented on DUK. Mizuho began coverage on Duke Energy in a research note on Friday, November 22nd. They set a “neutral” rating and a $90.00 price target on the stock. Evercore ISI restated a “hold” rating and set a $92.00 price target on shares of Duke Energy in a research note on Wednesday, December 4th. UBS Group restated a “buy” rating and set a $105.00 price target on shares of Duke Energy in a research note on Thursday, January 2nd. Barclays upgraded Duke Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 27th. Finally, Zacks Investment Research lowered Duke Energy from a “hold” rating to a “sell” rating and set a $99.00 price target on the stock. in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $97.42.

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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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