Capital Wealth Planning LLC maintained its position in Duke Energy Corporation (NYSE:DUK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,021 shares of the utilities provider’s stock at the end of the first quarter. Capital Wealth Planning LLC’s holdings in Duke Energy Corporation were worth $330,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in DUK. Hennessy Advisors Inc. increased its stake in Duke Energy Corporation by 1.5% in the first quarter. Hennessy Advisors Inc. now owns 379,737 shares of the utilities provider’s stock worth $31,142,000 after buying an additional 5,500 shares during the last quarter. Hexavest Inc. increased its stake in Duke Energy Corporation by 4.4% in the first quarter. Hexavest Inc. now owns 780,241 shares of the utilities provider’s stock worth $63,988,000 after buying an additional 32,947 shares during the last quarter. Pegasus Partners Ltd. increased its stake in Duke Energy Corporation by 0.5% in the first quarter. Pegasus Partners Ltd. now owns 23,034 shares of the utilities provider’s stock worth $1,889,000 after buying an additional 110 shares during the last quarter. Brookstone Capital Management increased its stake in Duke Energy Corporation by 7.9% in the first quarter. Brookstone Capital Management now owns 78,707 shares of the utilities provider’s stock worth $6,455,000 after buying an additional 5,795 shares during the last quarter. Finally, Rothschild Investment Corp IL increased its stake in Duke Energy Corporation by 0.3% in the first quarter. Rothschild Investment Corp IL now owns 48,836 shares of the utilities provider’s stock worth $4,005,000 after buying an additional 152 shares during the last quarter. 55.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Duke Energy Corporation (NYSE:DUK) traded up 0.59% during mid-day trading on Friday, reaching $86.38. 2,853,827 shares of the company’s stock were exchanged. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.75. The firm has a market capitalization of $60.46 billion, a P/E ratio of 25.59 and a beta of 0.24. The stock has a 50-day moving average of $84.90 and a 200 day moving average of $83.17.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.56 annualized dividend and a yield of 4.12%. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 105.64%.
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A number of research firms have recently weighed in on DUK. BMO Capital Markets restated a “hold” rating and issued a $81.00 price target on shares of Duke Energy Corporation in a research note on Friday, April 28th. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Barclays PLC reiterated an “equal weight” rating and set a $88.00 target price (up from $82.00) on shares of Duke Energy Corporation in a research report on Sunday, April 23rd. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $84.00 price target (up previously from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Duke Energy Corporation presently 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 on 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.
About Duke Energy Corporation
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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