Gulf International Bank UK Ltd grew its stake in shares of Duke Energy Corp (NYSE:DUK) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,596 shares of the utilities provider’s stock after purchasing an additional 6,591 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Duke Energy were worth $15,406,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. OLD Second National Bank of Aurora lifted its position in Duke Energy by 4.1% in the first quarter. OLD Second National Bank of Aurora now owns 2,920 shares of the utilities provider’s stock worth $263,000 after purchasing an additional 114 shares during the period. Glassman Wealth Services lifted its position in shares of Duke Energy by 35.2% during the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 117 shares during the last quarter. Atlas Brown Inc. lifted its position in shares of Duke Energy by 1.4% during the 1st quarter. Atlas Brown Inc. now owns 9,063 shares of the utilities provider’s stock valued at $816,000 after acquiring an additional 123 shares during the last quarter. Intl Fcstone Inc. lifted its position in shares of Duke Energy by 3.8% during the 1st quarter. Intl Fcstone Inc. now owns 3,400 shares of the utilities provider’s stock valued at $306,000 after acquiring an additional 125 shares during the last quarter. Finally, Buckhead Capital Management LLC lifted its position in shares of Duke Energy by 0.4% during the 1st quarter. Buckhead Capital Management LLC now owns 31,618 shares of the utilities provider’s stock valued at $2,846,000 after acquiring an additional 125 shares during the last quarter. 60.10% of the stock is owned by institutional investors.
DUK has been the subject of a number of recent research reports. Zacks Investment Research downgraded Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. ValuEngine downgraded WideOpenWest from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Bank of America upgraded Copa from a “neutral” rating to a “buy” rating in a research report on Monday, May 13th. KeyCorp initiated coverage on Southern in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. Finally, JPMorgan Chase & Co. set a $90.00 price objective on Duke Energy and gave the company a “hold” rating in a research report on Monday, May 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Duke Energy has an average rating of “Hold” and a consensus price target of $90.44.
Duke Energy stock traded down $0.75 during mid-day trading on Wednesday, hitting $86.93. 664,660 shares of the company’s stock were exchanged, compared to its average volume of 2,303,617. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.49 and a current ratio of 0.75. The firm has a market capitalization of $64.18 billion, a PE ratio of 18.42, a P/E/G ratio of 3.69 and a beta of 0.14. Duke Energy Corp has a 1-year low of $78.00 and a 1-year high of $91.67. The business has a 50 day moving average price of $88.37.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.03. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same period in the prior year, the company earned $1.28 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. Analysts expect that Duke Energy Corp will post 4.92 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be paid a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,117 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total transaction of $451,319.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $85.92, for a total transaction of $146,064.00. Following the transaction, the senior vice president now owns 6,091 shares of the company’s stock, valued at approximately $523,338.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,598 shares of company stock valued at $752,989. Corporate insiders own 0.09% of the company’s stock.
Duke Energy Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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