Pinnacle Financial Partners Inc. grew its holdings in Duke Energy Corp (NYSE:DUK) by 13.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,059 shares of the utilities provider’s stock after acquiring an additional 7,490 shares during the period. Pinnacle Financial Partners Inc.’s holdings in Duke Energy were worth $5,461,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of DUK. Legal & General Group Plc grew its position 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 worth $387,699,000 after acquiring an additional 168,181 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its position 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 worth $1,580,000 after acquiring an additional 2,058 shares in the last quarter. Simmons Bank grew its position in Duke Energy by 1.4% in the first quarter. Simmons Bank now owns 19,864 shares of the utilities provider’s stock worth $1,630,000 after acquiring an additional 267 shares in the last quarter. Birch Hill Investment Advisors LLC grew its position 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 worth $774,000 after acquiring an additional 222 shares in the last quarter. Finally, Sentry Investment Management LLC grew its position 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 worth $4,567,000 after acquiring an additional 14,041 shares in the last quarter. 57.34% of the stock is owned by institutional investors.
Several analysts have commented on the stock. Zacks Investment Research raised shares of Duke Energy from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research report on Thursday, August 24th. Morgan Stanley boosted their target price on shares of Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday. SunTrust Banks reaffirmed a “hold” rating and set a $90.00 price objective on shares of Duke Energy in a report on Monday, November 6th. BidaskClub raised shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Wolfe Research raised shares of Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $87.21.
Shares of Duke Energy Corp (NYSE DUK) opened at $87.84 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The stock has a market cap of $61,475.39, a price-to-earnings ratio of 19.74, a P/E/G ratio of 4.80 and a beta of 0.26. Duke Energy Corp has a 1-year low of $75.78 and a 1-year high of $91.80.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. Duke Energy’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. analysts anticipate that Duke Energy Corp will post 4.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy’s payout ratio is currently 117.49%.
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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.
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