Signaturefd LLC Has $401,000 Position in Duke Energy Corp (NYSE:DUK)
Signaturefd LLC cut its stake in shares of Duke Energy Corp (NYSE:DUK) by 7.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,892 shares of the utilities provider’s stock after selling 384 shares during the period. Signaturefd LLC’s holdings in Duke Energy Corp were worth $401,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Pinnacle Bank acquired a new stake in shares of Duke Energy Corp during the first quarter valued at about $104,000. North Star Investment Management Corp. increased its stake in shares of Duke Energy Corp by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock valued at $127,000 after buying an additional 322 shares in the last quarter. Advantage Investment Management LLC increased its stake in shares of Duke Energy Corp by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after buying an additional 462 shares in the last quarter. Nicolet Bankshares Inc. increased its stake in shares of Duke Energy Corp by 379.2% in the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock valued at $142,000 after buying an additional 1,369 shares in the last quarter. Finally, Baystate Wealth Management LLC acquired a new stake in shares of Duke Energy Corp during the first quarter valued at about $142,000. 55.60% of the stock is owned by institutional investors and hedge funds.
Duke Energy Corp (NYSE:DUK) traded down 0.80% during mid-day trading on Friday, hitting $85.70. The stock had a trading volume of 894,943 shares. The firm has a market cap of $59.99 billion, a PE ratio of 25.39 and a beta of 0.24. The company’s 50 day moving average price is $84.80 and its 200 day moving average price is $82.78. Duke Energy Corp has a 52 week low of $72.34 and a 52 week high of $87.75.
Duke Energy Corp (NYSE:DUK) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corp had a return on equity of 6.69% and a net margin of 12.44%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 EPS. Analysts anticipate that Duke Energy Corp will post $4.60 earnings per share for the current year.
The company also recently disclosed 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 is a positive change from Duke Energy Corp’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.12%. Duke Energy Corp’s dividend payout ratio is 101.48%.
Several equities research analysts have issued reports on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $81.00 price target on shares of Duke Energy Corp in a report on Friday, April 28th. BidaskClub raised Duke Energy Corp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Barclays PLC reaffirmed an “equal weight” rating and set a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corp in a report on Sunday, April 23rd. Zacks Investment Research raised Duke Energy Corp from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $84.00 target price (up previously from $83.00) on shares of Duke Energy Corp in a report on Wednesday. Four analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Duke Energy Corp has an average rating of “Hold” and an average price target of $82.71.
In related news, Director E Marie Mckee sold 1,937 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was 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 SEC, which can be accessed through this hyperlink. Also, Director Theodore F. Craver, Jr. purchased 3,500 shares of Duke Energy Corp stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average price of $83.73 per share, for a total transaction of $293,055.00. Following the completion of the transaction, 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 currently 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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