Evercore Wealth Management LLC decreased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,273 shares of the utilities provider’s stock after selling 1,731 shares during the period. Evercore Wealth Management LLC’s holdings in Duke Energy were worth $2,022,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of DUK. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Duke Energy during the second quarter valued at $5,688,000. Jennison Associates LLC boosted its stake in Duke Energy by 53.0% during the second quarter. Jennison Associates LLC now owns 599,030 shares of the utilities provider’s stock valued at $47,371,000 after buying an additional 207,506 shares during the period. Alps Advisors Inc. boosted its stake in Duke Energy by 12.6% during the second quarter. Alps Advisors Inc. now owns 11,563 shares of the utilities provider’s stock valued at $914,000 after buying an additional 1,292 shares during the period. Pitcairn Co. bought a new stake in Duke Energy during the second quarter valued at $211,000. Finally, Sandy Spring Bank boosted its stake in Duke Energy by 9.7% during the second quarter. Sandy Spring Bank now owns 9,207 shares of the utilities provider’s stock valued at $728,000 after buying an additional 817 shares during the period. 59.65% of the stock is owned by institutional investors.
DUK has been the topic of a number of research reports. Guggenheim restated a “buy” rating and set a $86.00 price target on shares of Duke Energy in a research report on Friday, August 17th. Morgan Stanley raised their price target on Duke Energy from $86.00 to $91.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. Wells Fargo & Co raised their price target on Duke Energy from $86.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. Zacks Investment Research downgraded Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Finally, Barclays raised their price target on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Duke Energy has a consensus rating of “Hold” and an average target price of $84.13.
DUK opened at $89.83 on Friday. The stock has a market capitalization of $64.19 billion, a PE ratio of 19.66, a P/E/G ratio of 3.78 and a beta of -0.03. The company has a current ratio of 0.68, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $90.70.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.12. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.59 billion. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 earnings per share. On average, analysts predict that Duke Energy Corp will post 4.74 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be issued a $0.9275 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.71 annualized dividend and a dividend yield of 4.13%. Duke Energy’s dividend payout ratio is currently 81.18%.
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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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