Duke Energy Corporation (NYSE:DUK) Shares Sold by Wimmer Associates 1 LLC
Wimmer Associates 1 LLC lowered its stake in Duke Energy Corporation (NYSE:DUK) by 7.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,825 shares of the utilities provider’s stock after selling 408 shares during the period. Wimmer Associates 1 LLC’s holdings in Duke Energy Corporation were worth $396,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its stake in Duke Energy Corporation by 191.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,602,472 shares of the utilities provider’s stock valued at $131,419,000 after buying an additional 1,053,262 shares during the last quarter. Wells Fargo & Company MN increased its stake in Duke Energy Corporation by 22.0% in the first quarter. Wells Fargo & Company MN now owns 3,640,404 shares of the utilities provider’s stock valued at $298,551,000 after buying an additional 656,042 shares during the last quarter. Swiss National Bank increased its stake in Duke Energy Corporation by 21.9% in the first quarter. Swiss National Bank now owns 3,093,691 shares of the utilities provider’s stock valued at $253,714,000 after buying an additional 555,000 shares during the last quarter. British Airways Pensions Investment Management Ltd acquired a new stake in Duke Energy Corporation during the first quarter valued at about $40,443,000. Finally, Karp Capital Management Corp acquired a new stake in Duke Energy Corporation during the first quarter valued at about $25,363,000. 55.69% of the stock is owned by institutional investors.
Duke Energy Corporation (DUK) opened at 83.84 on Monday. The firm’s 50-day moving average is $85.27 and its 200-day moving average is $81.30. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $87.75. The stock has a market capitalization of $58.68 billion, a P/E ratio of 26.73 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last released its earnings results on Tuesday, May 9th. The utilities provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Duke Energy Corporation had a return on equity of 7.87% and a net margin of 9.17%. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the prior year, the firm posted $1.13 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts predict that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be given a dividend of $0.89 per share. The ex-dividend date is Wednesday, August 16th. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.25%. Duke Energy Corporation’s dividend payout ratio (DPR) is 109.27%.
Several research firms recently issued reports on DUK. BMO Capital Markets reissued a “hold” rating and issued a $85.00 price target on shares of Duke Energy Corporation in a research report on Wednesday, May 10th. Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Tuesday, July 11th. Morgan Stanley reissued an “equal weight” rating and issued a $87.00 price target (down previously from $91.00) on shares of Duke Energy Corporation in a research report on Monday, July 10th. Deutsche Bank AG lifted their price target on shares of Duke Energy Corporation from $81.00 to $83.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $82.00 to $85.00 in a research report on Monday, June 26th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Duke Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $82.11.
In other Duke Energy Corporation news, Director Theodore F. Craver, Jr. acquired 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average cost of $83.73 per share, with a total value of $293,055.00. Following the completion of the transaction, the director now directly owns 5,706 shares of the company’s stock, valued at approximately $477,763.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John H. Forsgren sold 2,190 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $82.86, for a total value of $181,463.40. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.
About Duke Energy Corporation
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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