Duke Energy Corporation (NYSE:DUK) Shares Bought by Citizens Financial Group Inc. RI
Citizens Financial Group Inc. RI boosted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 13.1% during the first quarter, Holdings Channel reports. The fund owned 112,449 shares of the utilities provider’s stock after buying an additional 13,041 shares during the period. Citizens Financial Group Inc. RI’s holdings in Duke Energy Corporation were worth $9,222,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in Duke Energy Corporation by 30.6% in the first quarter. FMR LLC now owns 4,909,584 shares of the utilities provider’s stock valued at $402,635,000 after buying an additional 1,151,408 shares during the last quarter. Canada Pension Plan Investment Board increased its position 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 position 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 position 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. Finally, British Airways Pensions Investment Management Ltd purchased a new position in Duke Energy Corporation during the first quarter valued at $40,443,000. 55.79% of the stock is owned by hedge funds and other institutional investors.
Shares of Duke Energy Corporation (NYSE:DUK) opened at 86.48 on Friday. The stock has a market cap of $60.53 billion, a P/E ratio of 27.58 and a beta of 0.24. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $87.75. The stock has a 50 day moving average price of $84.87 and a 200-day moving average price of $82.44.
Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the previous year, the business earned $1.07 EPS. The company’s revenue was up 6.6% on a year-over-year basis. On average, analysts forecast that Duke Energy Corporation will post $4.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.89 per share. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a yield of 4.12%. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s payout ratio is 101.48%.
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DUK has been the subject of several research analyst reports. Zacks Investment Research downgraded Duke Energy Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. BMO Capital Markets reissued a “hold” rating and set a $85.00 price target on shares of Duke Energy Corporation in a research report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $82.00 to $85.00 in a research report on Monday, June 26th. Barclays PLC reissued an “equal weight” rating and set a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corporation in a research report on Sunday, April 23rd. Finally, BidaskClub downgraded Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Duke Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $82.51.
In other Duke Energy Corporation news, Director John H. Forsgren sold 2,190 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $82.86, for a total transaction of $181,463.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Theodore F. Craver, Jr. bought 3,500 shares of the business’s stock in a transaction on Monday, May 15th. The shares were purchased at an average cost of $83.73 per share, for a total transaction of $293,055.00. Following the completion of the purchase, the director now owns 5,706 shares in the company, valued at $477,763.38. The disclosure for this purchase can be found here. 0.07% of the stock is owned by insiders.
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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