Duke Energy Corporation (DUK) Position Reduced by Rothschild Investment Corp IL
Rothschild Investment Corp IL decreased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,336 shares of the utilities provider’s stock after selling 500 shares during the period. Rothschild Investment Corp IL’s holdings in Duke Energy Corporation were worth $4,040,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Pinnacle Bank acquired a new stake in shares of Duke Energy Corporation during the first quarter valued at about $104,000. Jolley Asset Management LLC increased its stake in shares of Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares during the period. North Star Investment Management Corp. increased 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 valued at $127,000 after buying an additional 322 shares during the period. Daiwa SB Investments Ltd. acquired a new stake in shares of Duke Energy Corporation during the second quarter valued at about $130,000. Finally, Advantage Investment Management LLC increased 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 valued at $139,000 after buying an additional 462 shares during the period. 55.60% of the stock is currently owned by institutional investors.
Duke Energy Corporation (NYSE:DUK) traded down 0.80% during mid-day trading on Friday, reaching $85.70. The company’s stock had a trading volume of 2,516,839 shares. The company has a market cap of $59.99 billion, a PE ratio of 25.39 and a beta of 0.24. The firm’s 50 day moving average is $84.78 and its 200-day moving average is $82.84. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $87.75.
Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The business had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Equities analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share 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 issued a dividend of $0.89 per share. 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 4.15%. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is presently 101.48%.
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DUK has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $82.00 to $85.00 in a research note on Monday, June 26th. Zacks Investment Research raised Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Friday, July 21st. Morgan Stanley reissued an “equal weight” rating and set a $87.00 target price (down previously from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Barclays PLC reissued an “equal weight” rating and set a $88.00 target price (up previously from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Finally, BidaskClub raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Duke Energy Corporation currently has a consensus rating of “Hold” and an average target price of $82.71.
In other Duke Energy Corporation news, Director E Marie Mckee sold 1,937 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore F. Craver, Jr. bought 3,500 shares of Duke Energy Corporation stock in a transaction on Monday, May 15th. The shares were purchased at an average cost of $83.73 per share, with a total value of $293,055.00. Following the acquisition, the director now directly owns 5,706 shares of the company’s stock, valued at $477,763.38. The disclosure for this purchase 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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