BTIM Corp. raised its position in shares of Duke Energy Corp (NYSE:DUK) by 26.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,484 shares of the utilities provider’s stock after buying an additional 1,133 shares during the period. BTIM Corp.’s holdings in Duke Energy Corp were worth $458,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of DUK. Pinnacle Bank acquired a new position in shares of Duke Energy Corp during the first quarter worth approximately $104,000. Jolley Asset Management LLC boosted its position in shares of Duke Energy Corp by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Duke Energy Corp by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock valued at $127,000 after buying an additional 322 shares in the last quarter. Daiwa SB Investments Ltd. purchased a new position in shares of Duke Energy Corp during the second quarter valued at $130,000. Finally, Advantage Investment Management LLC boosted its position in shares of Duke Energy Corp by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after buying an additional 462 shares in the last quarter. 55.60% of the stock is currently owned by institutional investors.
Shares of Duke Energy Corp (NYSE DUK) traded down 0.80% during midday trading on Friday, reaching $85.70. The company had a trading volume of 2,516,839 shares. Duke Energy Corp has a 52-week low of $72.34 and a 52-week high of $87.75. The company’s 50-day moving average is $84.78 and its 200-day moving average is $82.84. The firm has a market cap of $59.99 billion, a P/E ratio of 25.39 and a beta of 0.24.
Duke Energy Corp (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. Duke Energy Corp had a return on equity of 6.69% and a net margin of 12.44%. The firm had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. Equities research analysts expect that Duke Energy Corp will post $4.60 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a dividend of $0.89 per share. This is a boost from Duke Energy Corp’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Wednesday, August 16th. Duke Energy Corp’s dividend payout ratio is currently 101.48%.
Several brokerages recently weighed in on DUK. BMO Capital Markets reaffirmed a “hold” rating and set a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corp in a research note on Friday, August 4th. Morgan Stanley raised their target price on Duke Energy Corp from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday. Deutsche Bank AG reaffirmed a “hold” rating and set a $84.00 target price (up previously from $83.00) on shares of Duke Energy Corp in a research note on Wednesday. Zacks Investment Research raised Duke Energy Corp from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Tuesday, July 11th. Finally, BidaskClub raised Duke Energy Corp from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $82.71.
In other news, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total transaction of $165,206.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Theodore F. Craver, Jr. acquired 3,500 shares of Duke Energy Corp stock in a transaction dated Monday, May 15th. The shares were purchased at an average cost of $83.73 per share, with a total value of $293,055.00. Following the completion of the transaction, the director now directly owns 5,706 shares of the company’s stock, valued at $477,763.38. The disclosure for this purchase can be found here. 0.07% of the stock is owned by corporate insiders.
About Duke Energy Corp
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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