Foster & Motley Inc. bought a new position in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,453 shares of the utilities provider’s stock, valued at approximately $205,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Winfield Associates Inc. grew 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 buying an additional 165 shares in the last quarter. Jolley Asset Management LLC grew 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 buying an additional 313 shares in the last quarter. Daiwa SB Investments Ltd. acquired a new stake in Duke Energy Corporation during the second quarter worth about $130,000. North Star Investment Management Corp. grew 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 buying an additional 322 shares in the last quarter. Finally, Advantage Investment Management LLC grew 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 buying an additional 462 shares in the last quarter. 56.22% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by company insiders.
Shares of Duke Energy Corporation (NYSE:DUK) opened at 85.20 on Thursday. The firm has a market capitalization of $59.64 billion, a P/E ratio of 25.24 and a beta of 0.25. The firm’s 50-day moving average price is $86.74 and its 200-day moving average price is $84.41. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40.
Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 18th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.18%. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 105.64%.
A number of research firms recently weighed in on DUK. Zacks Investment Research downgraded Duke Energy Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley lifted 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. KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and set a $87.00 target price on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. Finally, BidaskClub raised Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price 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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