Marble Harbor Investment Counsel LLC increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,139 shares of the utilities provider’s stock after buying an additional 718 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Duke Energy Corporation were worth $1,160,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of DUK. Pinnacle Bank bought a new stake in shares of Duke Energy Corporation during the first quarter worth about $104,000. Sunbelt Securities Inc. bought a new stake in shares of Duke Energy Corporation during the fourth quarter worth about $118,000. North Star Investment Management Corp. raised its stake in shares of Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after buying an additional 322 shares during the period. Advantage Investment Management LLC raised its stake in shares of Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after buying an additional 462 shares during the period. Finally, Nicolet Bankshares Inc. raised its stake in shares of Duke Energy Corporation by 379.2% in the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock worth $142,000 after buying an additional 1,369 shares during the period. Institutional investors and hedge funds own 55.72% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) traded down 0.16% on Friday, reaching $84.91. 2,089,799 shares of the company’s stock traded hands. The stock has a market capitalization of $59.43 billion, a PE ratio of 27.08 and a beta of 0.24. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $87.75. The firm’s 50-day moving average is $84.90 and its 200 day moving average is $82.25.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results 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 firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period last year, the firm posted $1.13 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts forecast that Duke Energy Corporation will post $4.61 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be issued a dividend of $0.89 per share. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 109.27%.
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Several equities research analysts recently weighed in on the stock. BMO Capital Markets reiterated a “hold” rating and set a $81.00 price objective on shares of Duke Energy Corporation in a research note on Friday, April 28th. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Barclays PLC reiterated an “equal weight” rating and set a $88.00 price objective (up previously from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Deutsche Bank AG increased their price objective on shares of Duke Energy Corporation from $81.00 to $83.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $82.23.
In related news, Director Theodore F. Craver, Jr. bought 3,500 shares of the company’s stock in a transaction on Monday, May 15th. The stock was bought at an average cost of $83.73 per share, with a total value of $293,055.00. Following the completion of the purchase, the director now owns 5,706 shares in the company, valued at approximately $477,763.38. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John H. Forsgren sold 2,190 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $82.86, for a total transaction of $181,463.40. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.
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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