B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Has $21.52 Million Position in Duke Energy Corporation (DUK)
B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund reduced its position in shares of Duke Energy Corporation (NYSE:DUK) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 262,347 shares of the utilities provider’s stock after selling 1,741 shares during the period. Duke Energy Corporation makes up 2.4% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s investment portfolio, making the stock its 7th largest position. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Duke Energy Corporation were worth $21,515,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in DUK. Regentatlantic Capital LLC increased its position in Duke Energy Corporation 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 period. TNB Financial purchased a new position in shares of Duke Energy Corporation during the first quarter valued at $10,613,000. Honkamp Krueger Financial Services Inc. increased its position in shares of Duke Energy Corporation by 4.8% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 6,239 shares of the utilities provider’s stock valued at $512,000 after buying an additional 285 shares during the last quarter. Verus Financial Partners Inc. increased its position in shares of Duke Energy Corporation by 45.0% in the first quarter. Verus Financial Partners Inc. now owns 5,448 shares of the utilities provider’s stock valued at $447,000 after buying an additional 1,690 shares during the last quarter. Finally, Stokes & Hubbell Capital Management LLC purchased a new position in shares of Duke Energy Corporation during the first quarter valued at $208,000. 55.60% of the stock is owned by institutional investors.
Shares of Duke Energy Corporation (DUK) traded down 0.80% during mid-day trading on Friday, hitting $85.70. The stock had a trading volume of 2,516,839 shares. The firm has a market cap of $59.99 billion, a price-to-earnings ratio of 25.39 and a beta of 0.24. The company has a 50-day moving average of $84.78 and a 200 day moving average of $82.84. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.75.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.01. The business had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 EPS. On average, equities research analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The business also recently disclosed 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 4.15%. Duke Energy Corporation’s dividend payout ratio is currently 101.48%.
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DUK has been the subject of several analyst reports. Barclays PLC reissued an “equal weight” rating and issued a $88.00 target price (up previously from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Zacks Investment Research cut Duke Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. BMO Capital Markets restated a “hold” rating and issued a $81.00 price target on shares of Duke Energy Corporation in a report on Friday, April 28th. BidaskClub cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $82.00 to $85.00 in a report on Monday, June 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $82.71.
In other Duke Energy Corporation news, Director Theodore F. Craver, Jr. bought 3,500 shares of the stock in a transaction on Monday, May 15th. The shares were purchased at an average price 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 approximately $477,763.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director E Marie Mckee sold 1,937 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.
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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