Financial Advocates Investment Management purchased a new stake in Duke Energy Corp (NYSE:DUK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,538 shares of the utilities provider’s stock, valued at approximately $213,000.
A number of other large investors have also recently made changes to their positions in the business. Verition Fund Management LLC purchased a new stake in shares of Duke Energy during the 4th quarter valued at $754,000. Zeke Capital Advisors LLC raised its position in shares of Duke Energy by 52.4% during the 4th quarter. Zeke Capital Advisors LLC now owns 15,342 shares of the utilities provider’s stock valued at $1,290,000 after buying an additional 5,272 shares in the last quarter. Biltmore Family Office LLC purchased a new stake in shares of Duke Energy during the 4th quarter valued at $2,468,000. LPL Financial LLC raised its position in shares of Duke Energy by 23.4% during the 4th quarter. LPL Financial LLC now owns 310,367 shares of the utilities provider’s stock valued at $26,105,000 after buying an additional 58,786 shares in the last quarter. Finally, Zimmer Partners LP raised its position in shares of Duke Energy by 4.3% during the 4th quarter. Zimmer Partners LP now owns 684,200 shares of the utilities provider’s stock valued at $57,548,000 after buying an additional 28,400 shares in the last quarter. 56.98% of the stock is owned by hedge funds and other institutional investors.
In other Duke Energy news, COO Dhiaa M. Jamil sold 500 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total value of $44,540.00. Following the transaction, the chief operating officer now owns 34,115 shares in the company, valued at $3,038,964.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by insiders.
Duke Energy Corp (NYSE DUK) opened at $76.19 on Friday. The company has a market cap of $53,333.06, a price-to-earnings ratio of 17.47, a P/E/G ratio of 4.39 and a beta of 0.15. Duke Energy Corp has a 52-week low of $72.93 and a 52-week high of $91.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.42.
Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS. analysts forecast that Duke Energy Corp will post 4.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 16th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date was Thursday, February 15th. Duke Energy’s payout ratio is 81.65%.
About Duke Energy
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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