Duke Energy Corp (NYSE:DUK) Shares Bought by Sabal Trust CO
Sabal Trust CO increased its stake in Duke Energy Corp (NYSE:DUK) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,044 shares of the utilities provider’s stock after buying an additional 1,786 shares during the period. Duke Energy Corp makes up approximately 2.5% of Sabal Trust CO’s portfolio, making the stock its 18th largest position. Sabal Trust CO’s holdings in Duke Energy Corp were worth $24,161,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of DUK. Truepoint Inc. raised its position in Duke Energy Corp by 0.5% in the first quarter. Truepoint Inc. now owns 2,792 shares of the utilities provider’s stock worth $229,000 after buying an additional 13 shares during the period. Valley National Advisers Inc. raised its position in Duke Energy Corp by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after buying an additional 18 shares during the period. Accredited Investors Inc. raised its position in Duke Energy Corp by 0.7% in the first quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock worth $229,000 after buying an additional 19 shares during the period. Hayek Kallen Investment Management raised its position in Duke Energy Corp by 0.5% in the first quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock worth $325,000 after buying an additional 19 shares during the period. Finally, MCF Advisors LLC raised its position in Duke Energy Corp by 0.4% in the first quarter. MCF Advisors LLC now owns 4,499 shares of the utilities provider’s stock worth $369,000 after buying an additional 20 shares during the period. 55.60% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Corp (NYSE:DUK) traded down 1.40% during mid-day trading on Friday, reaching $85.18. 1,363,224 shares of the company were exchanged. The stock has a 50-day moving average price of $84.80 and a 200 day moving average price of $82.78. The company has a market capitalization of $59.62 billion, a PE ratio of 25.23 and a beta of 0.24. Duke Energy Corp has a one year low of $72.34 and a one year high of $87.75.
Duke Energy Corp (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The business had revenue of $5.56 billion for 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 business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. Analysts predict that Duke Energy Corp will post $4.60 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.12%. This is a positive change from Duke Energy Corp’s previous quarterly dividend of $0.86. Duke Energy Corp’s dividend payout ratio is presently 101.48%.
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A number of research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Duke Energy Corp from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday. Deutsche Bank AG reaffirmed a “hold” rating and issued a $84.00 price objective (up from $83.00) on shares of Duke Energy Corp in a research note on Wednesday. BMO Capital Markets reaffirmed a “hold” rating and issued a $87.00 price objective (up from $85.00) on shares of Duke Energy Corp in a research note on Friday, August 4th. BidaskClub raised shares of Duke Energy Corp from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research raised shares of Duke Energy Corp from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $82.71.
In other news, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore F. Craver, Jr. purchased 3,500 shares of Duke Energy Corp stock in a transaction dated Monday, May 15th. The shares were acquired at an average cost of $83.73 per share, with a total value of $293,055.00. Following the transaction, the director now directly 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 corporate insiders.
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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