First Interstate Bank boosted its stake in Duke Energy Corporation (NYSE:DUK) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 Corporation were worth $553,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hyman Charles D increased its position in Duke Energy Corporation by 2.7% in the first quarter. Hyman Charles D now owns 136,927 shares of the utilities provider’s stock valued at $11,229,000 after buying an additional 3,633 shares during the last quarter. Oarsman Capital Inc. purchased a new position in Duke Energy Corporation during the first quarter valued at $332,000. MAI Capital Management increased its position in Duke Energy Corporation by 4.2% in the first quarter. MAI Capital Management now owns 6,298 shares of the utilities provider’s stock valued at $516,000 after buying an additional 254 shares during the last quarter. ARGI Investment Services LLC purchased a new position in Duke Energy Corporation during the first quarter valued at $1,030,000. Finally, Steinberg Global Asset Management increased its position in Duke Energy Corporation by 2.5% in the first quarter. Steinberg Global Asset Management now owns 87,042 shares of the utilities provider’s stock valued at $7,138,000 after buying an additional 2,114 shares during the last quarter. Institutional investors own 55.41% of the company’s stock.
Shares of Duke Energy Corporation (NYSE DUK) opened at 86.38 on Friday. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $87.75. The firm 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 (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. On average, equities analysts expect that Duke Energy Corporation will post $4.60 EPS for the current year.
The business 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 is Wednesday, August 16th. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a yield of 4.12%. Duke Energy Corporation’s dividend payout ratio is 105.64%.
Several research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Deutsche Bank AG reissued a “hold” rating and set a $84.00 price objective (up previously from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. BMO Capital Markets reissued a “hold” rating and set a $87.00 price objective (up previously from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. BidaskClub raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Friday, July 21st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $82.71.
In other Duke Energy Corporation news, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction that occurred 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 SEC, which can be accessed through the SEC website. Also, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 50,316 shares in the company, valued at $4,338,245.52. The disclosure for this sale can be found here. Corporate 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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