Delta Lloyd NV Increases Stake in Duke Energy Corp. (DUK)
Delta Lloyd NV increased its stake in Duke Energy Corp. (NYSE:DUK) by 21.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,244 shares of the company’s stock after buying an additional 9,465 shares during the period. Delta Lloyd NV’s holdings in Duke Energy Corp. were worth $4,262,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Duke Energy Corp. by 3.4% in the second quarter. Vanguard Group Inc. now owns 44,722,836 shares of the company’s stock valued at $3,836,772,000 after buying an additional 1,482,476 shares during the period. BlackRock Fund Advisors raised its stake in Duke Energy Corp. by 18.4% in the second quarter. BlackRock Fund Advisors now owns 12,910,189 shares of the company’s stock valued at $1,107,565,000 after buying an additional 2,003,471 shares during the period. Capital Research Global Investors raised its stake in Duke Energy Corp. by 7.9% in the second quarter. Capital Research Global Investors now owns 12,679,773 shares of the company’s stock valued at $1,087,798,000 after buying an additional 929,411 shares during the period. Capital World Investors raised its stake in Duke Energy Corp. by 7.4% in the second quarter. Capital World Investors now owns 10,874,999 shares of the company’s stock valued at $932,966,000 after buying an additional 750,000 shares during the period. Finally, BlackRock Group LTD raised its stake in Duke Energy Corp. by 2.6% in the second quarter. BlackRock Group LTD now owns 5,914,508 shares of the company’s stock valued at $507,405,000 after buying an additional 148,692 shares during the period. 56.16% of the stock is currently owned by institutional investors.
Duke Energy Corp. (NYSE:DUK) traded down 3.40% during midday trading on Wednesday, reaching $73.77. The company had a trading volume of 5,583,103 shares. The stock has a market capitalization of $50.82 billion, a price-to-earnings ratio of 17.84 and a beta of 0.13. The company has a 50-day moving average price of $76.86 and a 200-day moving average price of $80.54. Duke Energy Corp. has a one year low of $65.50 and a one year high of $87.75.
Duke Energy Corp. (NYSE:DUK) last released its quarterly earnings results on Friday, November 4th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.10. Duke Energy Corp. had a return on equity of 8.20% and a net margin of 12.27%. The business earned $6.43 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the business posted $1.47 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts expect that Duke Energy Corp. will post $4.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 18th will be issued a $0.855 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $3.42 dividend on an annualized basis and a dividend yield of 4.64%. Duke Energy Corp.’s dividend payout ratio is 82.61%.
DUK has been the topic of several research analyst reports. Citigroup Inc. reduced their price objective on Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 4th. Bank of America Corp. lowered Duke Energy Corp. from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $78.00 to $69.00 in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. Zacks Investment Research downgraded Duke Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Argus reiterated a “hold” rating on shares of Duke Energy Corp. in a research report on Tuesday, October 4th. Finally, Mizuho increased their target price on Duke Energy Corp. from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $79.73.
In other Duke Energy Corp. news, Director John H. Forsgren purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average cost of $77.80 per share, with a total value of $77,800.00. Following the completion of the acquisition, the director now directly owns 1,165 shares of the company’s stock, valued at approximately $90,637. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Frank H. Yoho purchased 14,850 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was acquired at an average cost of $74.00 per share, with a total value of $1,098,900.00. Following the completion of the acquisition, the executive vice president now directly owns 23,687 shares of the company’s stock, valued at $1,752,838. The disclosure for this purchase can be found here. 0.08% of the stock is owned by corporate insiders.
Duke Energy Corp. Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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