First Interstate Bank increased its position in shares of Duke Energy Corp (NYSE:DUK) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,737 shares of the utilities provider’s stock after buying an additional 201 shares during the period. First Interstate Bank’s holdings in Duke Energy Corp were worth $553,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Canada Pension Plan Investment Board increased its position in shares of Duke Energy Corp by 191.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,602,472 shares of the utilities provider’s stock worth $131,419,000 after buying an additional 1,053,262 shares during the last quarter. Wells Fargo & Company MN increased its stake in Duke Energy Corp by 22.0% in the first quarter. Wells Fargo & Company MN now owns 3,640,404 shares of the utilities provider’s stock valued at $298,551,000 after buying an additional 656,042 shares in the last quarter. Swiss National Bank increased its stake in Duke Energy Corp by 21.9% in the first quarter. Swiss National Bank now owns 3,093,691 shares of the utilities provider’s stock valued at $253,714,000 after buying an additional 555,000 shares in the last quarter. British Airways Pensions Investment Management Ltd acquired a new stake in Duke Energy Corp during the first quarter valued at approximately $40,443,000. Finally, Karp Capital Management Corp acquired a new stake in Duke Energy Corp during the first quarter valued at approximately $25,363,000. 55.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Duke Energy Corp (NYSE DUK) traded down 0.80% during midday trading on Friday, reaching $85.70. 2,516,839 shares of the company’s stock were exchanged. Duke Energy Corp has a 12 month low of $72.34 and a 12 month high of $87.75. The company’s 50 day moving average is $84.80 and its 200-day moving average is $82.78. The stock has a market cap of $59.99 billion, a PE ratio of 25.39 and a beta of 0.24.
Duke Energy Corp (NYSE:DUK) last released its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.01. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corp had a return on equity of 6.69% and a net margin of 12.44%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 earnings per share. Equities analysts forecast that Duke Energy Corp will post $4.60 EPS for the current fiscal year.
The company 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. 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 of this dividend is Wednesday, August 16th. Duke Energy Corp’s payout ratio is 101.48%.
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Several analysts have commented on DUK shares. BMO Capital Markets reissued a “hold” rating and issued a $85.00 target price on shares of Duke Energy Corp in a research report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) upgraded shares of Duke Energy Corp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. BidaskClub cut shares of Duke Energy Corp from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Morgan Stanley restated an “equal weight” rating and issued a $87.00 price objective (down from $91.00) on shares of Duke Energy Corp in a research note on Monday, July 10th. Finally, Zacks Investment Research cut shares of Duke Energy Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.71.
In related news, Director Theodore F. Craver, Jr. bought 3,500 shares of Duke Energy Corp stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average cost of $83.73 per share, for a total transaction of $293,055.00. Following the completion of the acquisition, the director now directly owns 5,706 shares of the company’s stock, valued at approximately $477,763.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.
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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