Harwood Advisory Group LLC cut its stake in Duke Energy Corp (NYSE:DUK) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,077 shares of the utilities provider’s stock after selling 37 shares during the period. Harwood Advisory Group LLC’s holdings in Duke Energy Corp were worth $508,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Pinnacle Bank bought a new stake in Duke Energy Corp during the first quarter valued at $104,000. North Star Investment Management Corp. raised 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 worth $127,000 after buying an additional 322 shares during the period. Daiwa SB Investments Ltd. acquired a new position in shares of Duke Energy Corp during the second quarter worth approximately $130,000. Advantage Investment Management LLC raised 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 worth $139,000 after buying an additional 462 shares during the period. Finally, Nicolet Bankshares Inc. raised its position in shares of Duke Energy Corp by 379.2% in the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock worth $142,000 after buying an additional 1,369 shares during the period. Hedge funds and other institutional investors own 55.60% of the company’s stock.
Duke Energy Corp (NYSE:DUK) traded down 0.80% during trading on Friday, reaching $85.70. The company’s stock had a trading volume of 2,516,839 shares. The company’s 50 day moving average price is $84.78 and its 200-day moving average price is $82.84. The stock has a market cap of $59.99 billion, a P/E ratio of 25.39 and a beta of 0.24. Duke Energy Corp has a 1-year low of $72.34 and a 1-year high of $87.75.
Duke Energy Corp (NYSE:DUK) last released its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.01. The business 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 firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. Equities analysts forecast that Duke Energy Corp will post $4.60 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from Duke Energy Corp’s previous quarterly dividend of $0.86. Duke Energy Corp’s dividend payout ratio is currently 101.48%.
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A number of research analysts have recently commented on DUK shares. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corp from a “neutral” rating to a “buy” rating and upped their price target for the stock from $82.00 to $85.00 in a report on Monday, June 26th. Zacks Investment Research upgraded Duke Energy Corp from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a report on Friday, July 21st. Morgan Stanley reiterated an “equal weight” rating and set a $87.00 price target (down from $91.00) on shares of Duke Energy Corp in a report on Monday, July 10th. Barclays PLC reiterated an “equal weight” rating and set a $88.00 price target (up from $82.00) on shares of Duke Energy Corp in a report on Sunday, April 23rd. Finally, BidaskClub upgraded Duke Energy Corp from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $82.71.
In other news, Director E Marie Mckee sold 1,937 shares of the firm’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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 bought at an average cost of $83.73 per share, for a total transaction of $293,055.00. Following the completion of the purchase, the director now directly owns 5,706 shares of the company’s stock, valued at approximately $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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