Park Avenue Securities LLC Invests $234,000 in Duke Energy Corp. (DUK)
Park Avenue Securities LLC acquired a new position in Duke Energy Corp. (NYSE:DUK) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,731 shares of the company’s stock, valued at approximately $234,000.
A number of other institutional investors also recently added to or reduced their stakes in DUK. State Street Corp boosted its stake in Duke Energy Corp. by 7.1% in the first quarter. State Street Corp now owns 33,751,418 shares of the company’s stock valued at $2,723,058,000 after buying an additional 2,230,071 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Duke Energy Corp. by 12.7% in the first quarter. BlackRock Fund Advisors now owns 10,906,718 shares of the company’s stock valued at $879,954,000 after buying an additional 1,229,979 shares in the last quarter. Bank of Montreal Can purchased a new stake in Duke Energy Corp. during the second quarter valued at $73,310,000. Renaissance Technologies LLC boosted its stake in Duke Energy Corp. by 25.2% in the first quarter. Renaissance Technologies LLC now owns 4,016,967 shares of the company’s stock valued at $324,089,000 after buying an additional 808,700 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in Duke Energy Corp. by 5,854.6% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 552,761 shares of the company’s stock valued at $47,421,000 after buying an additional 543,478 shares in the last quarter. 56.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Duke Energy Corp. (NYSE:DUK) traded down 0.48% during mid-day trading on Wednesday, reaching $77.09. The company had a trading volume of 3,834,155 shares. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.75. The stock has a 50 day moving average price of $80.39 and a 200 day moving average price of $81.21. The firm has a market capitalization of $53.11 billion, a PE ratio of 20.38 and a beta of 0.13.
Duke Energy Corp. (NYSE:DUK) last issued its 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. The business earned $5.10 billion during the quarter, compared to the consensus estimate of $5.71 billion. Duke Energy Corp. had a return on equity of 7.85% and a net margin of 11.39%. During the same quarter last year, the company earned $0.95 EPS. On average, equities analysts forecast that Duke Energy Corp. will post $4.59 earnings per share for the current year.
The firm 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 represents a $3.42 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Wednesday, August 10th. This is an increase from Duke Energy Corp.’s previous quarterly dividend of $0.83. Duke Energy Corp.’s dividend payout ratio (DPR) is 90.24%.
Several equities research analysts recently weighed in on DUK shares. Mizuho reaffirmed a “neutral” rating and set a $75.00 price objective on shares of Duke Energy Corp. in a research report on Thursday, June 30th. Citigroup Inc. cut their price objective on shares of Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday. Zacks Investment Research cut shares of Duke Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a research report on Tuesday. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $88.00 price objective (up previously from $78.00) on shares of Duke Energy Corp. in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. Duke Energy Corp. has a consensus rating of “Hold” and an average target price of $80.23.
In other news, EVP Douglas F. Esamann sold 3,000 shares of Duke Energy Corp. stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the completion of the sale, the executive vice president now owns 50,609 shares in the company, valued at approximately $4,280,509.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.
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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