Kings Point Capital Management held its stake in shares of Duke Energy Corporation (NYSE:DUK) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,050 shares of the utilities provider’s stock at the end of the first quarter. Kings Point Capital Management’s holdings in Duke Energy Corporation were worth $250,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of DUK. Canada Pension Plan Investment Board raised its stake in shares of Duke Energy Corporation 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 in the last quarter. Wells Fargo & Company MN boosted its position in Duke Energy Corporation by 22.0% in the first quarter. Wells Fargo & Company MN now owns 3,640,404 shares of the utilities provider’s stock worth $298,551,000 after buying an additional 656,042 shares during the last quarter. Swiss National Bank boosted its position in Duke Energy Corporation by 21.9% in the first quarter. Swiss National Bank now owns 3,093,691 shares of the utilities provider’s stock worth $253,714,000 after buying an additional 555,000 shares during the last quarter. British Airways Pensions Investment Management Ltd purchased a new position in Duke Energy Corporation during the first quarter worth approximately $40,443,000. Finally, Karp Capital Management Corp purchased a new position in Duke Energy Corporation during the first quarter worth approximately $25,363,000. Hedge funds and other institutional investors own 55.41% of the company’s stock.
Duke Energy Corporation (NYSE DUK) opened at 86.38 on Friday. The stock has a 50 day moving average price of $84.90 and a 200 day moving average price of $83.17. The stock has a market cap of $60.46 billion, a PE ratio of 25.59 and a beta of 0.24. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts predict that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
The firm also recently disclosed 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 represents a $3.56 annualized dividend and a dividend yield of 4.12%. 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. Duke Energy Corporation’s dividend payout ratio is currently 105.64%.
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A number of research analysts have recently commented on the company. Deutsche Bank AG restated a “hold” rating and issued a $84.00 target price (up previously from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. BMO Capital Markets restated a “hold” rating and issued a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Morgan Stanley raised their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and raised their target price for the company from $82.00 to $85.00 in a research note on Monday, June 26th. Finally, BidaskClub cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $82.71.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the sale, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director E Marie Mckee sold 1,937 shares of the stock in a transaction 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. Corporate insiders own 0.07% of the company’s stock.
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.
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