Assenagon Asset Management S.A. Sells 49,466 Shares of Duke Energy Co. (NYSE:DUK)

Assenagon Asset Management S.A. reduced its holdings in Duke Energy Co. (NYSE:DUKGet Rating) by 66.3% in the third quarter, HoldingsChannel reports. The firm owned 25,138 shares of the utilities provider’s stock after selling 49,466 shares during the period. Assenagon Asset Management S.A.’s holdings in Duke Energy were worth $2,338,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Shepherd Financial Partners LLC increased its holdings in Duke Energy by 0.5% in the first quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock worth $2,326,000 after purchasing an additional 94 shares in the last quarter. Baker Ellis Asset Management LLC increased its holdings in Duke Energy by 3.8% in the second quarter. Baker Ellis Asset Management LLC now owns 2,628 shares of the utilities provider’s stock worth $282,000 after purchasing an additional 97 shares in the last quarter. Perkins Coie Trust Co increased its holdings in Duke Energy by 15.1% in the second quarter. Perkins Coie Trust Co now owns 761 shares of the utilities provider’s stock worth $82,000 after purchasing an additional 100 shares in the last quarter. Lowe Brockenbrough & Co. Inc. increased its holdings in Duke Energy by 2.6% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 3,980 shares of the utilities provider’s stock worth $427,000 after purchasing an additional 100 shares in the last quarter. Finally, LexAurum Advisors LLC increased its holdings in Duke Energy by 4.2% in the second quarter. LexAurum Advisors LLC now owns 2,458 shares of the utilities provider’s stock worth $264,000 after purchasing an additional 100 shares in the last quarter. 63.22% of the stock is currently owned by institutional investors.

Duke Energy Stock Up 0.2 %

DUK stock opened at $105.66 on Thursday. The stock’s fifty day simple moving average is $100.00 and its two-hundred day simple moving average is $102.09. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 1.32. Duke Energy Co. has a 1-year low of $83.76 and a 1-year high of $116.33. The stock has a market cap of $81.36 billion, a P/E ratio of 21.30, a P/E/G ratio of 3.40 and a beta of 0.39.

Duke Energy (NYSE:DUKGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The utilities provider reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.05). The business had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Duke Energy had a return on equity of 8.24% and a net margin of 14.03%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.88 EPS. Analysts expect that Duke Energy Co. will post 5.29 EPS for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Shareholders of record on Friday, February 17th will be paid a $1.005 dividend. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $4.02 annualized dividend and a dividend yield of 3.80%. Duke Energy’s payout ratio is presently 81.05%.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Steven K. Young sold 415 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $93.57, for a total value of $38,831.55. Following the sale, the executive vice president now directly owns 112,412 shares in the company, valued at $10,518,390.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DUK. Wells Fargo & Company raised their price objective on Duke Energy from $99.00 to $111.00 in a research note on Wednesday, December 14th. KeyCorp reduced their price objective on Duke Energy from $116.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, October 20th. Morgan Stanley raised their price objective on Duke Energy from $106.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, December 15th. Seaport Res Ptn cut Duke Energy from a “neutral” rating to a “sell” rating in a research report on Monday, November 21st. Finally, BMO Capital Markets lifted their target price on Duke Energy from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, January 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy currently has an average rating of “Hold” and an average target price of $107.64.

Duke Energy Company Profile

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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; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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