Day & Ennis LLC Increases Position in Duke Energy Corp (DUK)
Day & Ennis LLC increased its position in shares of Duke Energy Corp (NYSE:DUK) by 2.1% during the first quarter, Holdings Channel reports. The firm owned 3,233 shares of the utilities provider’s stock after buying an additional 65 shares during the period. Day & Ennis LLC’s holdings in Duke Energy Corp were worth $265,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of DUK. E&G Advisors LP acquired a new stake in Duke Energy Corp during the first quarter valued at about $230,000. Bank of Montreal Can raised its stake in Duke Energy Corp by 7.6% in the first quarter. Bank of Montreal Can now owns 1,094,462 shares of the utilities provider’s stock valued at $89,756,000 after buying an additional 77,201 shares during the last quarter. Gradient Investments LLC raised its stake in Duke Energy Corp by 2.2% in the first quarter. Gradient Investments LLC now owns 6,101 shares of the utilities provider’s stock valued at $500,000 after buying an additional 133 shares during the last quarter. Regentatlantic Capital LLC raised its stake in Duke Energy Corp by 43.1% in the first quarter. Regentatlantic Capital LLC now owns 7,000 shares of the utilities provider’s stock valued at $574,000 after buying an additional 2,107 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. raised its stake in Duke Energy Corp by 1.1% in the first quarter. Ipswich Investment Management Co. Inc. now owns 27,451 shares of the utilities provider’s stock valued at $2,251,000 after buying an additional 300 shares during the last quarter. 55.60% of the stock is owned by institutional investors.
Duke Energy Corp (NYSE DUK) traded down 0.804% on Friday, reaching $85.695. 895,224 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $84.80 and its 200-day moving average is $82.78. Duke Energy Corp has a 12 month low of $72.34 and a 12 month high of $87.75. The firm has a market cap of $59.98 billion, a PE ratio of 25.384 and a beta of 0.24.
Duke Energy Corp (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. The firm had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corp had a net margin of 12.44% and a return on equity of 6.69%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 earnings per share. On average, equities analysts forecast that Duke Energy Corp will post $4.60 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be paid a $0.89 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.12%. This is a boost from Duke Energy Corp’s previous quarterly dividend of $0.86. Duke Energy Corp’s dividend payout ratio (DPR) is currently 101.48%.
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DUK has been the subject of several analyst reports. Barclays PLC reaffirmed an “equal weight” rating and issued a $88.00 price objective (up previously from $82.00) on shares of Duke Energy Corp in a research note on Sunday, April 23rd. Zacks Investment Research lowered shares of Duke Energy Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. BMO Capital Markets reaffirmed a “hold” rating and issued a $81.00 price objective on shares of Duke Energy Corp in a research note on Friday, April 28th. BidaskClub lowered shares of Duke Energy Corp from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corp from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $82.00 to $85.00 in a research note on Monday, June 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Duke Energy Corp currently has a consensus rating of “Hold” and a consensus target price of $82.71.
In other Duke Energy Corp news, Director E Marie Mckee sold 1,937 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Theodore F. Craver, Jr. purchased 3,500 shares of the business’s stock in a transaction on Monday, May 15th. The stock was purchased at an average price of $83.73 per share, with a total value of $293,055.00. Following the purchase, the director now owns 5,706 shares of the company’s stock, valued at $477,763.38. The disclosure for this purchase can be found here. Company insiders own 0.07% of the company’s stock.
About Duke Energy Corp
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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