Anchor Funding Administration LLC decreased its holdings in Devon Power Co. (NYSE:DVN – Free Report) by 36.2% within the 2nd quarter, Holdings Channel stories. The institutional investor owned 1,764 shares of the power firm’s inventory after promoting 999 shares in the course of the quarter. Anchor Funding Administration LLC’s holdings in Devon Power have been value $84,000 on the finish of the newest reporting interval.
Quite a few different institutional traders have additionally just lately modified their holdings of the enterprise. Vanguard Group Inc. lifted its holdings in Devon Power by 3.5% within the first quarter. Vanguard Group Inc. now owns 76,457,056 shares of the power firm’s inventory valued at $3,836,615,000 after buying a further 2,559,039 shares in the course of the interval. Pacer Advisors Inc. lifted its stake in shares of Devon Power by 16.8% within the second quarter. Pacer Advisors Inc. now owns 9,913,516 shares of the power firm’s inventory valued at $469,901,000 after buying a further 1,428,776 shares in the course of the interval. Los Angeles Capital Administration LLC lifted its stake in shares of Devon Power by 7,165.6% within the second quarter. Los Angeles Capital Administration LLC now owns 1,376,253 shares of the power firm’s inventory valued at $65,234,000 after buying a further 1,357,311 shares in the course of the interval. Dimensional Fund Advisors LP boosted its holdings in Devon Power by 16.7% in the course of the second quarter. Dimensional Fund Advisors LP now owns 8,793,217 shares of the power firm’s inventory value $416,779,000 after shopping for a further 1,255,543 shares within the final quarter. Lastly, Nationwide Financial institution of Canada FI grew its place in Devon Power by 447.6% in the course of the second quarter. Nationwide Financial institution of Canada FI now owns 1,179,538 shares of the power firm’s inventory value $56,299,000 after shopping for a further 964,147 shares in the course of the interval. 69.72% of the inventory is at present owned by hedge funds and different institutional traders.
Analysts Set New Worth Targets
A number of equities analysis analysts have just lately commented on the corporate. Sanford C. Bernstein decreased their worth goal on Devon Power from $48.00 to $43.00 and set a “market carry out” ranking on the inventory in a analysis be aware on Wednesday, July seventeenth. Piper Sandler decreased their goal worth on Devon Power from $65.00 to $57.00 and set an “obese” ranking on the inventory in a analysis report on Thursday, August fifteenth. JPMorgan Chase & Co. dropped their worth goal on Devon Power from $64.00 to $51.00 and set an “obese” ranking for the corporate in a analysis report on Thursday, September twelfth. BMO Capital Markets minimize their worth goal on Devon Power from $52.00 to $48.00 and set an “outperform” ranking for the corporate in a analysis be aware on Friday. Lastly, Financial institution of America reissued a “purchase” ranking and issued a $64.00 worth goal on shares of Devon Power in a analysis be aware on Friday, June 14th. Eight funding analysts have rated the inventory with a maintain ranking and fourteen have assigned a purchase ranking to the corporate. Primarily based on knowledge from MarketBeat, Devon Power presently has a median ranking of “Average Purchase” and a median worth goal of $53.79.
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Devon Power Worth Efficiency
Shares of NYSE:DVN opened at $42.41 on Friday. The enterprise has a fifty day easy shifting common of $42.74 and a 200-day easy shifting common of $46.87. Devon Power Co. has a 52 week low of $37.76 and a 52 week excessive of $55.09. The corporate has a market cap of $26.80 billion, a P/E ratio of 8.09, a P/E/G ratio of 1.22 and a beta of two.02. The corporate has a fast ratio of 1.03, a present ratio of 1.11 and a debt-to-equity ratio of 0.45.
Devon Power (NYSE:DVN – Get Free Report) final introduced its quarterly earnings knowledge on Tuesday, August sixth. The power firm reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.15. Devon Power had a web margin of twenty-two.60% and a return on fairness of 29.14%. The enterprise had income of $3.92 billion for the quarter, in comparison with analyst estimates of $3.90 billion. Throughout the identical interval within the prior yr, the agency posted $1.18 EPS. The corporate’s income was up 13.4% on a year-over-year foundation. Equities analysis analysts forecast that Devon Power Co. will publish 5.11 EPS for the present yr.
Devon Power Pronounces Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Stockholders of file on Friday, September thirteenth have been issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September thirteenth. This represents a $0.88 dividend on an annualized foundation and a dividend yield of two.07%. Devon Power’s payout ratio is 16.79%.
Devon Power Firm Profile
Devon Power Company, an unbiased power firm, engages within the exploration, improvement, and manufacturing of oil, pure gasoline, and pure gasoline liquids in america. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The corporate was based in 1971 and is headquartered in Oklahoma Metropolis, Oklahoma.
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