Oppenheimer & Co. Inc. Has $10.13 Million Stake in Duke Energy Corporation (NYSE:DUK)
Oppenheimer & Co. Inc. boosted its position in Duke Energy Corporation (NYSE:DUK) by 3.7% during the first quarter, Holdings Channel reports. The firm owned 123,569 shares of the utilities provider’s stock after buying an additional 4,386 shares during the period. Oppenheimer & Co. Inc.’s holdings in Duke Energy Corporation were worth $10,134,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in DUK. Pinnacle Bank purchased a new stake in shares of Duke Energy Corporation during the first quarter worth about $104,000. North Star Investment Management Corp. boosted its stake in shares of Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after buying an additional 322 shares during the period. Advantage Investment Management LLC boosted its stake in shares of Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after buying an additional 462 shares during the period. Baystate Wealth Management LLC purchased a new stake in shares of Duke Energy Corporation during the first quarter worth about $142,000. Finally, Nicolet Bankshares Inc. boosted its stake in shares of Duke Energy Corporation by 379.2% in the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock worth $142,000 after buying an additional 1,369 shares during the period. 55.60% of the stock is owned by hedge funds and other institutional investors.
Duke Energy Corporation (NYSE DUK) traded down 0.34% during trading on Thursday, reaching $85.91. 322,399 shares of the company’s stock traded hands. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.75. The firm has a market capitalization of $60.13 billion, a PE ratio of 25.45 and a beta of 0.24. The company has a 50-day moving average price of $84.80 and a 200 day moving average price of $82.76.
Duke Energy Corporation (NYSE:DUK) last released its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.89 per share. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.13%. Duke Energy Corporation’s dividend payout ratio is presently 101.48%.
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A number of brokerages have recently issued reports on DUK. BMO Capital Markets reissued a “hold” rating and issued a $87.00 price objective (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Deutsche Bank AG reissued a “hold” rating and issued a $84.00 price objective (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday. BidaskClub raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Tuesday, July 11th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $87.00 price objective (down from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $82.58.
In other Duke Energy Corporation news, Director Theodore F. Craver, Jr. bought 3,500 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was acquired at an average price of $83.73 per share, with a total value of $293,055.00. Following the completion of the acquisition, the director now directly owns 5,706 shares of the company’s stock, valued at $477,763.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total transaction of $165,206.73. The disclosure for this sale can be found here. 0.07% of the stock is owned by corporate insiders.
Duke Energy Corporation Company Profile
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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