Duke Energy Corp (DUK) Shares Sold by Epoch Investment Partners Inc.
Epoch Investment Partners Inc. trimmed its stake in shares of Duke Energy Corp (NYSE:DUK) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,782,223 shares of the utilities provider’s stock after selling 91,011 shares during the period. Duke Energy comprises about 1.3% of Epoch Investment Partners Inc.’s portfolio, making the stock its 16th largest position. Epoch Investment Partners Inc. owned about 0.68% of Duke Energy worth $401,325,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the stock. BlackRock Inc. increased its stake in Duke Energy by 2,866.0% in the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after buying an additional 41,268,968 shares during the last quarter. Vanguard Group Inc. increased its stake in Duke Energy by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock valued at $4,183,115,000 after buying an additional 1,572,216 shares during the last quarter. Morgan Stanley increased its stake in Duke Energy by 25.1% in the 1st quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock valued at $402,605,000 after buying an additional 986,456 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Duke Energy by 575.7% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the utilities provider’s stock valued at $81,984,000 after buying an additional 814,210 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Duke Energy by 259.9% in the 2nd quarter. Janus Henderson Group PLC now owns 830,534 shares of the utilities provider’s stock valued at $69,425,000 after buying an additional 599,761 shares during the last quarter. Institutional investors and hedge funds own 57.24% of the company’s stock.
Several equities research analysts have issued reports on the stock. 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. SunTrust Banks reiterated a “hold” rating and issued a $90.00 price target on shares of Duke Energy in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $87.00 price target on shares of Duke Energy in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $87.21.
Duke Energy (NYSE:DUK) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the 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 14.76% and a return on equity of 9.25%. Duke Energy’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 EPS. research analysts predict that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Friday, November 17th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Thursday, November 16th. Duke Energy’s payout ratio is 117.49%.
In related news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.
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Duke Energy 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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