Braun Stacey Associates Inc. lifted its position in Duke Energy Corporation (NYSE:DUK) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,343 shares of the utilities provider’s stock after buying an additional 3,230 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Duke Energy Corporation were worth $8,221,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Winfield Associates Inc. boosted its position in Duke Energy Corporation by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 165 shares during the period. Jolley Asset Management LLC boosted its position in Duke Energy Corporation by 26.4% during the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 313 shares during the period. North Star Investment Management Corp. boosted its position in Duke Energy Corporation by 26.2% during the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 322 shares during the period. Daiwa SB Investments Ltd. bought a new stake in Duke Energy Corporation during the second quarter worth approximately $130,000. Finally, Advantage Investment Management LLC boosted its position in Duke Energy Corporation by 37.4% during the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 462 shares during the period. 56.22% of the stock is owned by institutional investors and hedge funds.
Shares of Duke Energy Corporation (NYSE DUK) opened at 86.06 on Tuesday. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.40. The company has a market capitalization of $60.24 billion, a PE ratio of 25.49 and a beta of 0.25. The stock has a 50 day moving average price of $86.72 and a 200 day moving average price of $84.38.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 EPS. On average, analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, August 18th were paid a $0.89 dividend. The ex-dividend date of this dividend was 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 yield of 4.14%. Duke Energy Corporation’s payout ratio is 105.64%.
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A number of brokerages have issued reports on DUK. BidaskClub raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Morgan Stanley upped their target price on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. BMO Capital Markets reaffirmed a “hold” rating and set a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $87.00 target price on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $83.18.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the sale, the executive vice president now directly owns 50,316 shares in the company, valued at approximately $4,338,245.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.
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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