Northern Oak Wealth Management Inc. lowered its holdings in Duke Energy Corp (NYSE:DUK) by 5.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,006 shares of the utilities provider’s stock after selling 222 shares during the quarter. Northern Oak Wealth Management Inc.’s holdings in Duke Energy were worth $345,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in DUK. Oregon Public Employees Retirement Fund increased its holdings in shares of Duke Energy by 8,422.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,521,173 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 6,444,652 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Duke Energy by 48.7% in the 3rd quarter. Renaissance Technologies LLC now owns 6,051,129 shares of the utilities provider’s stock valued at $484,211,000 after purchasing an additional 1,980,562 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of Duke Energy by 130.8% in the 3rd quarter. OppenheimerFunds Inc. now owns 3,432,454 shares of the utilities provider’s stock valued at $274,665,000 after purchasing an additional 1,945,200 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Duke Energy by 941.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,856,602 shares of the utilities provider’s stock valued at $160,211,000 after purchasing an additional 1,678,300 shares during the last quarter. Finally, Vanguard Group Inc lifted its holdings in shares of Duke Energy by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock valued at $4,355,880,000 after buying an additional 1,539,841 shares during the period. Institutional investors and hedge funds own 60.70% of the company’s stock.
In other Duke Energy news, EVP Melissa H. Anderson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total transaction of $174,980.00. Following the completion of the sale, the executive vice president now owns 18,198 shares of the company’s stock, valued at $1,592,143.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Lynn J. Good sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $89.92, for a total value of $1,348,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,250 shares of company stock valued at $1,900,878. 0.08% of the stock is owned by company insiders.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.05). Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.84 billion. During the same period last year, the firm posted $0.94 EPS. Duke Energy’s revenue was up 5.4% on a year-over-year basis. On average, research analysts anticipate that Duke Energy Corp will post 4.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, February 15th were given a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Thursday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.
Several equities analysts recently issued reports on DUK shares. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Wednesday, December 12th. Bank of America raised their price target on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a research report on Monday, March 11th. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Morgan Stanley raised their price target on Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Finally, Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $85.08.
About Duke Energy
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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