Duke Energy Corp. (DUK) Stake Increased by Advisory Services Network LLC
Advisory Services Network LLC raised its stake in shares of Duke Energy Corp. (NYSE:DUK) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,855 shares of the company’s stock after buying an additional 135 shares during the period. Advisory Services Network LLC’s holdings in Duke Energy Corp. were worth $674,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Jolley Asset Management LLC raised its stake in shares of 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 last quarter. Benjamin F. Edwards & Company Inc. raised 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 valued at $107,000 after buying an additional 100 shares during the last quarter. Carnick & Kubik LLC purchased a new position in shares of Duke Energy Corp. during the first quarter valued at about $113,000. Mercer Capital Advisers Inc. raised 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 valued at $146,000 after buying an additional 1,360 shares during the last quarter. Finally, Parasol Investment Management LLC raised its position in shares of Duke Energy Corp. by 2.8% in the second quarter. Parasol Investment Management LLC now owns 1,815 shares of the company’s stock valued at $156,000 after buying an additional 50 shares during the last quarter. Institutional investors own 56.56% of the company’s stock.
Shares of Duke Energy Corp. (NYSE:DUK) remained flat at $77.09 during trading on Thursday. 5,137,591 shares of the company’s stock were exchanged. Duke Energy Corp. has a 52-week low of $65.50 and a 52-week high of $87.75. The company has a market capitalization of $53.11 billion, a P/E ratio of 20.38 and a beta of 0.13. The firm has a 50 day moving average price of $80.39 and a 200-day moving average price of $81.21.
Duke Energy Corp. (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $0.95 EPS. On average, equities research analysts forecast that Duke Energy Corp. will post $4.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 12th were given a dividend of $0.855 per share. This represents a $3.42 annualized dividend and a yield of 4.44%. 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. Duke Energy Corp.’s payout ratio is presently 90.24%.
Several research analysts have issued reports on DUK shares. Zacks Investment Research upgraded Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Thursday, September 15th. SunTrust Banks Inc. cut their price target on Duke Energy Corp. from $83.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday, August 29th. Argus reiterated a “hold” rating on shares of Duke Energy Corp. in a report on Wednesday, September 14th. Citigroup Inc. cut their price target on Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Howard Weil increased 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, thirteen have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $80.23.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of Duke Energy Corp. stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the sale, the executive vice president now directly owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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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