Mengis Capital Management Inc. maintained its stake in Duke Energy Corp. (NYSE:DUK) during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,633 shares of the company’s stock at the end of the third quarter. Mengis Capital Management Inc.’s holdings in Duke Energy Corp. were worth $290,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of DUK. Huntington National Bank boosted its stake in Duke Energy Corp. by 28.0% in the third quarter. Huntington National Bank now owns 145,247 shares of the company’s stock valued at $11,625,000 after buying an additional 31,783 shares in the last quarter. Strategy Asset Managers LLC boosted its stake in Duke Energy Corp. by 4.5% in the third quarter. Strategy Asset Managers LLC now owns 12,770 shares of the company’s stock valued at $1,022,000 after buying an additional 554 shares in the last quarter. Outfitter Advisors LTD. boosted its stake in Duke Energy Corp. by 2.1% in the third quarter. Outfitter Advisors LTD. now owns 4,911 shares of the company’s stock valued at $393,000 after buying an additional 100 shares in the last quarter. APG Asset Management N.V. boosted its stake in Duke Energy Corp. by 11.8% in the third quarter. APG Asset Management N.V. now owns 1,725,774 shares of the company’s stock valued at $138,131,000 after buying an additional 182,200 shares in the last quarter. Finally, Stockman Asset Management acquired a new stake in Duke Energy Corp. during the third quarter valued at approximately $401,000. 55.97% of the stock is owned by institutional investors and hedge funds.
Shares of Duke Energy Corp. (NYSE:DUK) traded up 0.27% during midday trading on Friday, hitting $77.33. The stock had a trading volume of 2,662,840 shares. The firm has a market cap of $53.28 billion, a price-to-earnings ratio of 18.71 and a beta of 0.11. The company’s 50-day moving average price is $76.29 and its 200-day moving average price is $79.68. Duke Energy Corp. has a 12-month low of $70.35 and a 12-month high of $87.75.
Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings data on Friday, November 4th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.09 billion. During the same period in the prior year, the company posted $1.47 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Duke Energy Corp. will post $4.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Friday, February 17th will be issued a $0.855 dividend. This represents a $3.42 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Wednesday, February 15th. Duke Energy Corp.’s dividend payout ratio (DPR) is 82.61%.
Several analysts have recently commented on the company. Citigroup Inc. cut Duke Energy Corp. from a “neutral” rating to a “sell” rating and set a $69.00 price target for the company. in a report on Wednesday, January 11th. Vetr raised Duke Energy Corp. from a “sell” rating to a “hold” rating and set a $76.67 price objective for the company in a report on Monday, January 2nd. JPMorgan Chase & Co. cut Duke Energy Corp. from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $79.00 to $77.00 in a report on Friday, December 16th. Bank of America Corp. cut Duke Energy Corp. from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $78.00 to $69.00 in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $83.00 price objective (down from $88.00) on shares of Duke Energy Corp. in a report on Monday, November 7th. Four research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.97.
In other news, EVP Frank H. Yoho bought 14,850 shares of the business’s stock in a transaction on Friday, November 18th. The stock was purchased at an average cost of $74.00 per share, for a total transaction of $1,098,900.00. Following the completion of the transaction, the executive vice president now directly owns 23,687 shares of the company’s stock, valued at approximately $1,752,838. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John H. Forsgren bought 1,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was purchased at an average price of $77.80 per share, with a total value of $77,800.00. Following the completion of the transaction, the director now directly owns 1,165 shares of the company’s stock, valued at $90,637. The disclosure for this purchase can be found here. Corporate insiders own 0.08% of the company’s stock.
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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