Duke Energy Corp (DUK) Holdings Cut by Unigestion Holding SA
Unigestion Holding SA cut its position in Duke Energy Corp (NYSE:DUK) by 29.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,002 shares of the utilities provider’s stock after selling 50,814 shares during the quarter. Unigestion Holding SA’s holdings in Duke Energy were worth $9,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DUK. Landaas & Co. WI ADV purchased a new stake in shares of Duke Energy during the 2nd quarter valued at $110,000. TRUE Private Wealth Advisors purchased a new stake in shares of Duke Energy during the 3rd quarter valued at $119,000. Kaizen Advisory LLC raised its position in shares of Duke Energy by 125.8% during the 2nd quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock valued at $122,000 after buying an additional 858 shares in the last quarter. Psagot Investment House Ltd. raised its position in shares of Duke Energy by 1,514.3% during the 3rd quarter. Psagot Investment House Ltd. now owns 1,695 shares of the utilities provider’s stock valued at $136,000 after buying an additional 1,590 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of Duke Energy by 137.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock valued at $137,000 after buying an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 58.85% of the company’s stock.
Several research firms have recently weighed in on DUK. Morgan Stanley lowered their price objective on shares of Duke Energy from $91.00 to $85.00 and set a “hold” rating on the stock in a research report on Friday, September 21st. JPMorgan Chase & Co. upgraded shares of Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 price objective on the stock in a research report on Monday, July 23rd. Guggenheim restated a “buy” rating and set a $86.00 price objective on shares of Duke Energy in a research report on Friday, August 17th. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Wednesday, July 25th. Finally, Citigroup raised shares of Duke Energy from a “sell” rating to a “neutral” rating and set a $77.00 target price on the stock in a report on Friday, July 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $84.00.
Duke Energy (NYSE:DUK) last announced its earnings results on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12. The firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.59 billion. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 EPS. Research analysts expect that Duke Energy Corp will post 4.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, November 15th. Duke Energy’s payout ratio is 81.18%.
In other news, COO Dhiaa M. Jamil sold 4,279 shares of Duke Energy stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total transaction of $348,909.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.
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Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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