Segall Bryant & Hamill LLC Grows Holdings in Duke Energy Corp (DUK)
Segall Bryant & Hamill LLC lifted its position in shares of Duke Energy Corp (NYSE:DUK) by 11.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,115 shares of the utilities provider’s stock after buying an additional 1,000 shares during the period. Segall Bryant & Hamill LLC’s holdings in Duke Energy were worth $849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in DUK. BlackRock Inc. increased its holdings in shares of Duke Energy by 2,866.0% during the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after buying an additional 41,268,968 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 purchasing an additional 1,572,216 shares during the last quarter. Morgan Stanley increased its holdings 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 purchasing an additional 986,456 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings 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 purchasing an additional 814,210 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in Duke Energy by 16.6% in the 1st quarter. Epoch Investment Partners Inc. now owns 5,225,916 shares of the utilities provider’s stock valued at $428,577,000 after purchasing an additional 743,146 shares during the last quarter. Institutional investors and hedge funds own 57.23% of the company’s stock.
DUK has been the subject of several research reports. Zacks Investment Research downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Bank of America reiterated a “neutral” rating and issued a $92.00 target price on shares of Duke Energy in a report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of Duke Energy in a report on Friday, September 1st. Citigroup lifted their target price on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley lifted their target price on shares of Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $87.21.
Duke Energy Corp (NYSE:DUK) opened at $84.17 on Tuesday. The company has a market cap of $58,916.95, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 4.60 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. Duke Energy Corp has a 12 month low of $76.14 and a 12 month high of $91.80.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results 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. 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%. The company’s quarterly 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 earnings per share. sell-side analysts forecast that Duke Energy Corp will post 4.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Friday, November 17th were paid a $0.89 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.23%. Duke Energy’s dividend payout ratio (DPR) is 117.49%.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.
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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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