Westpac Banking Corp Buys 46,903 Shares of Duke Energy Corp. (DUK)
Westpac Banking Corp increased its position in shares of Duke Energy Corp. (NYSE:DUK) by 80.5% during the second quarter, Holdings Channel reports. The firm owned 105,148 shares of the company’s stock after buying an additional 46,903 shares during the period. Westpac Banking Corp’s holdings in Duke Energy Corp. were worth $9,021,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Prospera Financial Services Inc raised its position in Duke Energy Corp. by 70.0% in the first quarter. Prospera Financial Services Inc now owns 14,694 shares of the company’s stock worth $1,186,000 after buying an additional 6,053 shares during the period. Acadian Asset Management LLC raised its position in Duke Energy Corp. by 962.7% in the first quarter. Acadian Asset Management LLC now owns 515,666 shares of the company’s stock worth $41,604,000 after buying an additional 467,140 shares during the period. Eastern Bank raised its position in Duke Energy Corp. by 0.7% in the first quarter. Eastern Bank now owns 129,792 shares of the company’s stock worth $10,472,000 after buying an additional 866 shares during the period. Brookstone Capital Management raised its position in Duke Energy Corp. by 494.9% in the first quarter. Brookstone Capital Management now owns 43,989 shares of the company’s stock worth $3,549,000 after buying an additional 36,595 shares during the period. Finally, Spirit of America Management Corp NY bought a new position in Duke Energy Corp. during the first quarter worth about $269,000. Hedge funds and other institutional investors own 56.56% of the company’s stock.
Duke Energy Corp. (NYSE:DUK) traded up 0.49% during trading on Wednesday, reaching $80.56. The company’s stock had a trading volume of 291,351 shares. The firm has a 50 day moving average of $81.46 and a 200 day moving average of $81.04. The stock has a market capitalization of $55.50 billion, a price-to-earnings ratio of 21.30 and a beta of 0.06. Duke Energy Corp. has a 52 week low of $65.50 and a 52 week high of $87.75.
Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.01 by $0.06. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the company posted $0.95 earnings per share. Analysts expect that Duke Energy Corp. will post $4.59 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 12th were given a dividend of $0.855 per share. This is a boost from Duke Energy Corp.’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $3.42 annualized dividend and a dividend yield of 4.27%. Duke Energy Corp.’s dividend payout ratio (DPR) is presently 90.24%.
A number of analysts have issued reports on DUK shares. Mizuho reaffirmed a “neutral” rating and set a $75.00 price target on shares of Duke Energy Corp. in a report on Thursday, June 30th. Zacks Investment Research raised Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a report on Tuesday, July 12th. Citigroup Inc. lifted their price target on Duke Energy Corp. from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, July 26th. Finally, Howard Weil lifted their price target on Duke Energy Corp. from $78.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $79.91.
In other news, EVP Douglas F. Esamann sold 3,000 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $84.58, for a total transaction of $253,740.00. Following the transaction, the executive vice president now owns 50,609 shares of the company’s stock, valued at $4,280,509.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.
Duke Energy Corp. Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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