QCI Asset Management Inc. NY Acquires 7,123 Shares of Duke Energy Corp (DUK)

QCI Asset Management Inc. NY increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 6.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 121,238 shares of the utilities provider’s stock after purchasing an additional 7,123 shares during the period. QCI Asset Management Inc. NY’s holdings in Duke Energy were worth $10,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in Duke Energy by 3.7% in the first quarter. Legal & General Group Plc now owns 4,727,381 shares of the utilities provider’s stock valued at $387,699,000 after acquiring an additional 168,181 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in Duke Energy by 12.0% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 19,265 shares of the utilities provider’s stock valued at $1,580,000 after acquiring an additional 2,058 shares in the last quarter. Simmons Bank boosted its stake in Duke Energy by 1.4% in the first quarter. Simmons Bank now owns 19,864 shares of the utilities provider’s stock valued at $1,630,000 after acquiring an additional 267 shares in the last quarter. Birch Hill Investment Advisors LLC boosted its stake in Duke Energy by 2.4% in the first quarter. Birch Hill Investment Advisors LLC now owns 9,443 shares of the utilities provider’s stock valued at $774,000 after acquiring an additional 222 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its stake in Duke Energy by 33.7% in the first quarter. Sentry Investment Management LLC now owns 55,691 shares of the utilities provider’s stock valued at $4,567,000 after acquiring an additional 14,041 shares in the last quarter. Hedge funds and other institutional investors own 57.34% of the company’s stock.

Shares of Duke Energy Corp (DUK) opened at $88.37 on Tuesday. Duke Energy Corp has a one year low of $74.95 and a one year high of $91.80. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The company has a market cap of $61,632.85, a price-to-earnings ratio of 19.79, a PEG ratio of 4.82 and a beta of 0.26.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. research analysts predict that Duke Energy Corp will post 4.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.03%. Duke Energy’s payout ratio is currently 117.49%.

In other news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.07% of the company’s stock.

Several brokerages have weighed in on DUK. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Wolfe Research upgraded shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Royal Bank of Canada restated a “buy” rating and issued a $87.00 target price on shares of Duke Energy in a research note on Tuesday, November 7th. SunTrust Banks restated a “hold” rating and issued a $90.00 target price on shares of Duke Energy in a research note on Monday, November 6th. Finally, Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given 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 $86.90.

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Duke Energy Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

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

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