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Duke Energy Corp (NYSE:DUK) Stake Raised by Fiera Capital Corp
June 11th, 2019 - Comments Off on Duke Energy Corp (NYSE:DUK) Stake Raised by Fiera Capital Corp - Filed Under - by Stacy Sanders
Fiera Capital Corp increased its position in Duke Energy Corp (NYSE:DUK) by 9.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,113 shares of the utilities provider's stock after purchasing an additional 833 shares during the quarter. Fiera Capital Corp's holdings in Duke Energy were worth $910,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DUK. Oregon Public Employees Retirement Fund lifted its stake 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 purchasing an additional 6,444,652 shares during the period. FMR LLC lifted its stake in shares of Duke Energy by 41.8% in the 4th quarter. FMR LLC now owns 7,411,128 shares of the utilities provider's stock valued at $639,581,000 after purchasing an additional 2,186,456 shares during the period. Canada Pension Plan Investment Board lifted 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 period. Vanguard Group Inc lifted its stake 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 purchasing an additional 1,539,841 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Duke Energy by 2.6% in the 1st quarter. BlackRock Inc. now owns 49,544,716 shares of the utilities provider's stock valued at $4,459,023,000 after purchasing an additional 1,274,643 shares during the period. Institutional investors own 60.18% of the company's stock.
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A number of research analysts have recently commented on the company. Bank of America raised their target price on Duke Energy from $89.00 to $91.00 and gave the company a "neutral" rating in a research note on Monday, March 11th. Morgan Stanley raised their target price on Duke Energy from $85.00 to $88.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 12th. ValuEngine cut Duke Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, April 3rd. Credit Suisse Group cut Duke Energy from an "outperform" rating to a "neutral" rating in a research note on Friday, February 15th. Finally, Zacks Investment Research cut Duke Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. The company has a consensus rating of "Hold" and an average target price of $87.60.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,117 shares of Duke Energy 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Marie Mckee sold 1,781 shares of Duke Energy stock in a transaction on Monday, May 20th. The shares were sold at an average price of $87.37, for a total value of $155,605.97. Following the transaction, the director now owns 1 shares of the company's stock, valued at approximately $87.37. The disclosure for this sale can be found here. Insiders have sold 8,598 shares of company stock valued at $752,989 in the last quarter. 0.09% of the stock is owned by company insiders.
Shares of NYSE:DUK opened at $86.29 on Tuesday. The firm has a market cap of $63.37 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 3.66 and a beta of 0.13. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.67. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.75 and a quick ratio of 0.49.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.21 by $0.03. The business had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.39 billion. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share. As a group, research analysts anticipate that Duke Energy Corp will post 4.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy's payout ratio is 78.60%.
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About Duke Energy
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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