Bahl & Gaynor Inc. raised its position in Duke Energy Corporation (NYSE:DUK) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,938 shares of the utilities provider’s stock after purchasing an additional 2,518 shares during the period. Bahl & Gaynor Inc.’s holdings in Duke Energy Corporation were worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Winfield Associates Inc. increased its position in shares of Duke Energy Corporation by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 165 shares during the last quarter. Jolley Asset Management LLC increased its position in shares of Duke Energy Corporation by 26.4% in the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. purchased a new stake in shares of Duke Energy Corporation in the 2nd quarter valued at approximately $130,000. Jacobi Capital Management LLC increased its position in shares of Duke Energy Corporation by 104.1% in the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Camarda Financial Advisors LLC increased its position in shares of Duke Energy Corporation by 357.1% in the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 1,664 shares during the last quarter. 56.21% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on DUK shares. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Citigroup Inc. increased their target price on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. Morgan Stanley increased their target price on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and issued a $92.00 target price on shares of Duke Energy Corporation in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Duke Energy Corporation presently has an average rating of “Hold” and a consensus target price of $86.25.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following 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 filing with the SEC, which can be accessed through the SEC website. 0.07% of the stock is owned by corporate insiders.
Shares of Duke Energy Corporation (NYSE:DUK) opened at 88.31 on Wednesday. The company’s 50-day moving average is $86.18 and its 200-day moving average is $85.27. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $88.64. The firm has a market cap of $61.81 billion, a PE ratio of 26.16 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last announced its earnings results 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 company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts forecast that Duke Energy Corporation will post $4.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.03%. Duke Energy Corporation’s payout ratio is 105.64%.
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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