ETRADE Capital Management LLC trimmed its position in Duke Energy Corporation (NYSE:DUK) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,780 shares of the utilities provider’s stock after selling 123 shares during the quarter. ETRADE Capital Management LLC’s holdings in Duke Energy Corporation were worth $3,242,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Winfield Associates Inc. increased its holdings 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 acquiring an additional 165 shares during the last quarter. Jolley Asset Management LLC increased its holdings 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 acquiring an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. bought a new stake in shares of Duke Energy Corporation in the 2nd quarter valued at approximately $130,000. Jacobi Capital Management LLC increased its holdings 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 acquiring an additional 1,010 shares during the last quarter. Finally, Camarda Financial Advisors LLC grew its stake in Duke Energy Corporation by 357.1% during the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after buying an additional 1,664 shares during the last quarter. Institutional investors and hedge funds own 56.27% of the company’s stock.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the sale, the executive vice president now owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.07% of the company’s stock.
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Duke Energy Corporation (NYSE:DUK) opened at $88.52 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $61,961.84, a PE ratio of 19.89, a price-to-earnings-growth ratio of 4.83 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The company had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. research analysts expect that Duke Energy Corporation will post 4.57 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.02%. Duke Energy Corporation’s dividend payout ratio (DPR) is 117.49%.
A number of research analysts recently commented on the company. SunTrust Banks, Inc. restated a “hold” rating and set a $90.00 price objective on shares of Duke Energy Corporation in a research note on Monday. Zacks Investment Research downgraded Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Bank of America Corporation restated a “neutral” rating and set a $92.00 price objective on shares of Duke Energy Corporation in a research note on Tuesday, October 24th. Royal Bank Of Canada restated a “buy” rating and set a $87.00 price objective on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. Finally, Morgan Stanley upped their price objective on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $86.38.
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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