Sigma Investment Counselors Inc. reduced its position in shares of Duke Energy Corporation (NYSE:DUK) by 2.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 19,605 shares of the utilities provider’s stock after selling 394 shares during the period. Sigma Investment Counselors Inc.’s holdings in Duke Energy Corporation were worth $1,608,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in Duke Energy Corporation by 22.0% in the first quarter. Wells Fargo & Company MN now owns 3,640,404 shares of the utilities provider’s stock worth $298,551,000 after buying an additional 656,042 shares in the last quarter. Renaissance Technologies LLC boosted its position in Duke Energy Corporation by 3.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,396,267 shares of the utilities provider’s stock worth $263,618,000 after buying an additional 113,300 shares in the last quarter. Swiss National Bank boosted its position in Duke Energy Corporation by 21.9% in the first quarter. Swiss National Bank now owns 3,093,691 shares of the utilities provider’s stock worth $253,714,000 after buying an additional 555,000 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Duke Energy Corporation by 11.1% in the first quarter. UBS Asset Management Americas Inc. now owns 2,984,715 shares of the utilities provider’s stock worth $244,776,000 after buying an additional 297,467 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Duke Energy Corporation by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,017,500 shares of the utilities provider’s stock worth $165,455,000 after buying an additional 5,834 shares in the last quarter. 55.72% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Corporation (NYSE:DUK) traded down 0.16% during mid-day trading on Friday, hitting $84.91. 2,089,799 shares of the stock were exchanged. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $87.75. The firm has a market capitalization of $59.43 billion, a price-to-earnings ratio of 27.08 and a beta of 0.24. The company’s 50-day moving average price is $84.92 and its 200 day moving average price is $82.19.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.01. Duke Energy Corporation had a net margin of 9.17% and a return on equity of 7.87%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the previous year, the company earned $1.13 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts expect that Duke Energy Corporation will post $4.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is presently 109.27%.
DUK has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $85.00 target price on shares of Duke Energy Corporation in a research note on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $82.00 to $85.00 in a research note on Monday, June 26th. BidaskClub cut Duke Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Morgan Stanley reissued an “equal weight” rating and issued a $87.00 target price (down previously from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $82.23.
In other news, Director John H. Forsgren sold 2,190 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $82.86, for a total value of $181,463.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total transaction of $165,206.73. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by corporate insiders.
Duke Energy Corporation Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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