IFG Advisory LLC raised its position in Duke Energy Corp (NYSE:DUK) by 17.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,384 shares of the utilities provider’s stock after purchasing an additional 2,613 shares during the quarter. IFG Advisory LLC’s holdings in Duke Energy were worth $1,533,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of DUK. BlackRock Inc. grew its stake in Duke Energy by 2.6% in the 1st quarter. BlackRock Inc. now owns 49,544,716 shares of the utilities provider’s stock worth $4,459,023,000 after acquiring an additional 1,274,643 shares in the last quarter. Geode Capital Management LLC grew its stake in Duke Energy by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock worth $771,079,000 after acquiring an additional 750,534 shares in the last quarter. California Public Employees Retirement System grew its stake in Duke Energy by 19.7% in the 1st quarter. California Public Employees Retirement System now owns 4,394,565 shares of the utilities provider’s stock worth $395,511,000 after acquiring an additional 724,378 shares in the last quarter. Swiss National Bank boosted its stake in shares of Duke Energy by 2.8% during the first quarter. Swiss National Bank now owns 3,146,391 shares of the utilities provider’s stock valued at $283,175,000 after purchasing an additional 84,900 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Duke Energy by 1.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,887,061 shares of the utilities provider’s stock valued at $254,754,000 after purchasing an additional 42,345 shares in the last quarter. 60.40% of the stock is currently owned by institutional investors.
A number of research firms have recently issued reports on DUK. Barclays dropped their price objective on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 18th. Bank of America downgraded shares of Duke Energy from a “neutral” rating to an “underperform” rating in a research note on Monday, May 13th. KeyCorp began coverage on shares of Duke Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating on the stock. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price objective on the stock. in a research note on Wednesday, June 26th. Finally, ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $91.14.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $91.05, for a total value of $154,785.00. Following the completion of the sale, the senior vice president now directly owns 4,891 shares in the company, valued at $445,325.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.
DUK traded down $0.06 during trading on Friday, hitting $91.26. The stock had a trading volume of 87,030 shares, compared to its average volume of 2,803,118. The company has a market capitalization of $66.43 billion, a PE ratio of 19.28, a PEG ratio of 3.75 and a beta of 0.12. Duke Energy Corp has a twelve month low of $78.00 and a twelve month high of $92.11. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.47 and a current ratio of 0.71. The stock has a 50 day simple moving average of $88.85 and a two-hundred day simple moving average of $88.89.
Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.14. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. Duke Energy’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. On average, equities research analysts anticipate that Duke Energy Corp will post 4.95 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be paid a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 4.14%. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Thursday, August 15th. Duke Energy’s dividend payout ratio (DPR) is 80.08%.
About Duke Energy
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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