Iowa State Bank lifted its stake in Duke Energy Corporation (NYSE:DUK) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,313 shares of the utilities provider’s stock after buying an additional 133 shares during the period. Duke Energy Corporation comprises approximately 1.6% of Iowa State Bank’s holdings, making the stock its 29th largest holding. Iowa State Bank’s holdings in Duke Energy Corporation were worth $3,370,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Daiwa SB Investments Ltd. acquired a new position in shares of Duke Energy Corporation in the 2nd quarter worth approximately $130,000. North Star Investment Management Corp. raised its holdings in shares of Duke Energy Corporation by 26.2% in the 1st 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 in the last quarter. Advantage Investment Management LLC raised its holdings in shares of Duke Energy Corporation by 37.4% in the 1st 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 in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Duke Energy Corporation by 84.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock worth $152,000 after buying an additional 848 shares in the last quarter. Finally, Arrow Financial Corp raised its holdings in shares of Duke Energy Corporation by 52.2% in the 1st quarter. Arrow Financial Corp now owns 1,884 shares of the utilities provider’s stock worth $155,000 after buying an additional 646 shares in the last quarter. 56.22% of the stock is owned by institutional investors and hedge funds.
Shares of Duke Energy Corporation (NYSE DUK) traded down 0.48% on Friday, reaching $87.08. The company’s stock had a trading volume of 1,644,580 shares. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.40. The company has a market cap of $60.95 billion, a PE ratio of 25.79 and a beta of 0.25. The firm has a 50 day moving average of $86.62 and a 200 day moving average of $84.29.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 earnings per share. Analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.89 per share. The ex-dividend date is Wednesday, August 16th. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.07%. Duke Energy Corporation’s dividend payout ratio is 105.64%.
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In other news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the transaction, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently commented on DUK shares. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Friday. Morgan Stanley increased their price target on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. BMO Capital Markets restated a “hold” rating and set a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Deutsche Bank AG restated a “hold” rating and set a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Duke Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $83.18.
About Duke Energy Corporation
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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