HighPoint Advisor Group LLC Has $858,000 Stake in Duke Energy Corp (DUK)
HighPoint Advisor Group LLC increased its stake in Duke Energy Corp (NYSE:DUK) by 46.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,127 shares of the company’s stock after buying an additional 3,222 shares during the period. HighPoint Advisor Group LLC’s holdings in Duke Energy Corp were worth $858,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the company. Jolley Asset Management LLC increased its stake in Duke Energy Corp by 9.1% in the second quarter. Jolley Asset Management LLC now owns 1,186 shares of the company’s stock valued at $102,000 after buying an additional 99 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Duke Energy Corp by 8.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,250 shares of the company’s stock worth $107,000 after buying an additional 100 shares during the last quarter. Carnick & Kubik LLC acquired a new position in shares of Duke Energy Corp during the first quarter worth about $113,000. Mercer Capital Advisers Inc. increased its position in shares of Duke Energy Corp by 394.2% in the second quarter. Mercer Capital Advisers Inc. now owns 1,705 shares of the company’s stock worth $146,000 after buying an additional 1,360 shares during the last quarter. Finally, D Orazio & Associates Inc. increased its position in shares of Duke Energy Corp by 0.8% in the second quarter. D Orazio & Associates Inc. now owns 1,740 shares of the company’s stock worth $149,000 after buying an additional 14 shares during the last quarter. 56.56% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Corp (NYSE:DUK) opened at 81.90 on Thursday. The company has a market capitalization of $56.42 billion, a price-to-earnings ratio of 21.65 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. The company’s 50-day moving average price is $81.36 and its 200-day moving average price is $81.04.
Duke Energy Corp (NYSE:DUK) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. Duke Energy Corp had a return on equity of 7.85% and a net margin of 11.39%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. Equities analysts forecast that Duke Energy Corp will post $4.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 12th were issued a $0.855 dividend. The ex-dividend date was Wednesday, August 10th. This is a boost from Duke Energy Corp’s previous quarterly dividend of $0.83. This represents a $3.42 dividend on an annualized basis and a yield of 4.18%. Duke Energy Corp’s dividend payout ratio is currently 90.24%.
A number of research analysts have recently 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 on the stock in a report on Tuesday, July 12th. Citigroup Inc. upped their price target on Duke Energy Corp from $72.00 to $82.00 and gave the company 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 upped their price target on Duke Energy Corp from $78.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $79.91.
In related news, EVP Douglas F. Esamann sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total value of $253,740.00. Following the transaction, the executive vice president now directly owns 50,609 shares in the company, valued at $4,280,509.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.
About Duke Energy Corp
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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