Capital Investment Counsel Inc cut its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 0.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,002 shares of the utilities provider’s stock after selling 35 shares during the period. Capital Investment Counsel Inc’s holdings in Duke Energy Corporation were worth $738,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of DUK. North Star Investment Management Corp. boosted its position in shares of Duke Energy Corporation by 26.2% during the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after buying an additional 322 shares during the period. Advantage Investment Management LLC raised its holdings in Duke Energy Corporation by 37.4% during the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 462 shares in the last quarter. Nicolet Bankshares Inc. raised its holdings in Duke Energy Corporation by 379.2% during the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 1,369 shares in the last quarter. Baystate Wealth Management LLC bought a new stake in Duke Energy Corporation during the first quarter worth approximately $142,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Duke Energy Corporation by 84.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 848 shares in the last quarter. Institutional investors and hedge funds own 56.22% of the company’s stock.
DUK has been the topic of several recent analyst reports. Zacks Investment Research raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. BidaskClub cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $82.00 to $85.00 in a report on Monday, June 26th. Morgan Stanley reissued an “equal weight” rating and set a $87.00 target price (down previously from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 10th. Finally, BMO Capital Markets reissued a “hold” rating and set a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, eleven 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 $83.11.
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In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the firm’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 transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.
Shares of Duke Energy Corporation (NYSE DUK) opened at 86.77 on Thursday. The firm’s 50-day moving average is $86.45 and its 200 day moving average is $84.25. The firm has a market capitalization of $60.73 billion, a P/E ratio of 25.70 and a beta of 0.25. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $88.40.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts forecast 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. Shareholders of record on Friday, August 18th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost 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 4.10%. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 105.64%.
Duke Energy Corporation 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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