RBO & Co. LLC lowered its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 32.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,056 shares of the utilities provider’s stock after selling 5,824 shares during the period. RBO & Co. LLC’s holdings in Duke Energy Corporation were worth $1,008,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Duke Energy Corporation by 1.3% during the second quarter. Principal Financial Group Inc. now owns 1,005,566 shares of the utilities provider’s stock worth $84,055,000 after acquiring an additional 12,679 shares during the period. Motco boosted its holdings in shares of Duke Energy Corporation by 11.1% during the second quarter. Motco now owns 2,279 shares of the utilities provider’s stock worth $190,000 after acquiring an additional 227 shares during the period. Bellwether Investment Group LLC boosted its holdings in shares of Duke Energy Corporation by 4.3% during the second quarter. Bellwether Investment Group LLC now owns 2,784 shares of the utilities provider’s stock worth $233,000 after acquiring an additional 115 shares during the period. Suncoast Equity Management boosted its holdings in shares of Duke Energy Corporation by 13.1% during the second quarter. Suncoast Equity Management now owns 3,245 shares of the utilities provider’s stock worth $271,000 after acquiring an additional 375 shares during the period. Finally, QCI Asset Management Inc. NY boosted its holdings in shares of Duke Energy Corporation by 7.5% during the second quarter. QCI Asset Management Inc. NY now owns 114,115 shares of the utilities provider’s stock worth $9,539,000 after acquiring an additional 7,980 shares during the period. Institutional investors own 56.27% of the company’s stock.
A number of brokerages have recently issued reports on DUK. BMO Capital Markets restated 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. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Tuesday, July 11th. Morgan Stanley boosted their price objective on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Citigroup Inc. boosted their price objective on Duke Energy Corporation from $74.00 to $77.00 and gave the stock a “sell” rating in a report on Tuesday, October 17th. Finally, Bank of America Corporation restated a “neutral” rating and set a $92.00 price objective on shares of Duke Energy Corporation in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $86.25.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the 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 directly owns 50,316 shares in the company, valued at approximately $4,338,245.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.
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Duke Energy Corporation (NYSE:DUK) opened at 87.95 on Friday. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $88.52. The firm has a market capitalization of $61.56 billion, a P/E ratio of 26.05 and a beta of 0.24. The firm’s 50-day moving average is $86.14 and its 200 day moving average is $85.11.
Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the prior year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts expect that Duke Energy Corporation will post $4.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio is presently 105.64%.
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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