Livingston Group Asset Management CO operating as Southport Capital Management Increases Position in Duke Energy Corporation (NYSE:DUK)

Livingston Group Asset Management CO operating as Southport Capital Management raised its position in shares of Duke Energy Corporation (NYSE:DUK) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 19,469 shares of the utilities provider’s stock after buying an additional 40 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Duke Energy Corporation were worth $1,627,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DUK. Atlas Brown Inc. boosted its stake in Duke Energy Corporation by 9.1% in the first quarter. Atlas Brown Inc. now owns 10,342 shares of the utilities provider’s stock worth $848,000 after buying an additional 861 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Duke Energy Corporation by 4.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 611,726 shares of the utilities provider’s stock worth $50,168,000 after buying an additional 27,259 shares during the period. Private Asset Management Inc. boosted its stake in Duke Energy Corporation by 0.4% in the first quarter. Private Asset Management Inc. now owns 28,748 shares of the utilities provider’s stock worth $2,358,000 after buying an additional 111 shares during the period. Liberty Capital Management Inc. boosted its stake in Duke Energy Corporation by 30.0% in the first quarter. Liberty Capital Management Inc. now owns 1,950 shares of the utilities provider’s stock worth $160,000 after buying an additional 450 shares during the period. Finally, Beacon Financial Group boosted its stake in Duke Energy Corporation by 1.5% in the first quarter. Beacon Financial Group now owns 110,158 shares of the utilities provider’s stock worth $9,037,000 after buying an additional 1,622 shares during the period. Hedge funds and other institutional investors own 55.60% of the company’s stock.

Shares of Duke Energy Corporation (DUK) opened at 85.70 on Friday. The stock has a market cap of $59.99 billion, a price-to-earnings ratio of 25.39 and a beta of 0.24. The stock’s 50 day moving average is $84.78 and its 200 day moving average is $82.84. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $87.75.

Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The business had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 earnings per share. On average, equities analysts expect that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.15%. Duke Energy Corporation’s dividend payout ratio is currently 101.48%.

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Several research firms recently issued reports on DUK. Deutsche Bank AG reiterated a “hold” rating and issued a $84.00 price objective (up from $83.00) on shares of Duke Energy Corporation in a report on Wednesday. Morgan Stanley lifted their price objective on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday. BMO Capital Markets reiterated a “hold” rating and issued a $85.00 price objective on shares of Duke Energy Corporation in a report on Wednesday, May 10th. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Tuesday, July 11th. Finally, BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.71.

In related news, Director E Marie Mckee sold 1,937 shares of the firm’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 transaction of $165,206.73. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Theodore F. Craver, Jr. bought 3,500 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average price of $83.73 per share, for a total transaction of $293,055.00. Following the transaction, the director now 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.

Duke Energy Corporation Company Profile

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.

Institutional Ownership by Quarter for Duke Energy Corporation (NYSE:DUK)

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