Toronto Dominion Bank raised its holdings in Duke Energy Corp (NYSE:DUK) by 22.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,630 shares of the utilities provider’s stock after purchasing an additional 48,342 shares during the period. Toronto Dominion Bank’s holdings in Duke Energy were worth $22,119,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of DUK. Winfield Associates Inc. grew its position in shares of Duke Energy by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after buying an additional 165 shares during the period. Daiwa SB Investments Ltd. bought a new position in Duke Energy during the 2nd quarter valued at about $130,000. Jacobi Capital Management LLC lifted its stake in Duke Energy by 104.1% during 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 period. Camarda Financial Advisors LLC lifted its stake in Duke Energy by 357.1% during the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after acquiring an additional 1,664 shares during the period. Finally, Westwood Holdings Group Inc. bought a new position in Duke Energy during the 2nd quarter valued at about $181,000. 57.34% of the stock is owned by institutional investors.
DUK has been the topic of several recent research reports. Deutsche Bank reiterated a “hold” rating and issued a $84.00 price objective (up previously from $83.00) on shares of Duke Energy in a research note on Wednesday, August 9th. Morgan Stanley increased their price objective on shares of Duke Energy from $87.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. BidaskClub raised shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $87.00 price objective on shares of Duke Energy in a report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $86.90.
Shares of Duke Energy Corp (NYSE DUK) traded down $0.41 on Thursday, hitting $87.90. The company had a trading volume of 2,345,992 shares, compared to its average volume of 2,591,004. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The stock has a market capitalization of $61,530.00, a PE ratio of 19.77, a price-to-earnings-growth ratio of 4.81 and a beta of 0.26. Duke Energy Corp has a 52-week low of $73.50 and a 52-week high of $91.80.
Duke Energy (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy 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 analysts’ expectations of $7.43 billion. During the same period in the prior year, the business earned $1.68 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. sell-side analysts predict that Duke Energy Corp will post 4.56 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Thursday, November 16th. Duke Energy’s dividend payout ratio is currently 93.44%.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.07% of the stock is owned by company insiders.
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About Duke Energy
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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