Johnson Financial Group Inc. reduced its position in shares of Duke Energy Corporation (NYSE:DUK) by 38.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,881 shares of the utilities provider’s stock after selling 12,674 shares during the quarter. Johnson Financial Group Inc.’s holdings in Duke Energy Corporation were worth $1,662,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Winfield Associates Inc. grew its holdings in shares of Duke Energy Corporation by 14.3% in the second 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 in the last quarter. Jolley Asset Management LLC grew its holdings in shares of Duke Energy Corporation by 26.4% in the second 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 in the last quarter. Daiwa SB Investments Ltd. bought a new position in shares of Duke Energy Corporation in the second quarter valued at approximately $130,000. Advantage Investment Management LLC grew its holdings in shares of Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 462 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in shares of Duke Energy Corporation by 104.1% in the first 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 in the last quarter. 56.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Duke Energy Corporation (NYSE:DUK) traded down $0.74 on Friday, reaching $88.89. 2,216,600 shares of the company’s stock were exchanged, compared to its average volume of 2,581,137. The stock has a market cap of $62,738.81, a price-to-earnings ratio of 20.14, a PEG ratio of 4.90 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $89.74.
Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period in the previous year, the business earned $1.68 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. research analysts expect that Duke Energy Corporation will post 4.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.00%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio is currently 117.49%.
DUK has been the subject of a number of analyst reports. Zacks Investment Research downgraded Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. BMO Capital Markets restated a “hold” rating and set a $87.00 price target (up previously from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Deutsche Bank AG restated a “hold” rating and set a $84.00 price target (up previously from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Finally, Morgan Stanley lifted 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. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $86.90.
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In related news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.07% of the company’s stock.
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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