Duke Energy Corporation (DUK) Shares Sold by Ledyard National Bank
Ledyard National Bank lowered its stake in Duke Energy Corporation (NYSE:DUK) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,093 shares of the utilities provider’s stock after selling 173 shares during the quarter. Ledyard National Bank’s holdings in Duke Energy Corporation were worth $3,435,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of DUK. Russell Investments Group Ltd. lifted its holdings in Duke Energy Corporation by 29.4% in the first quarter. Russell Investments Group Ltd. now owns 783,417 shares of the utilities provider’s stock worth $64,241,000 after purchasing an additional 177,991 shares during the period. Rand Wealth LLC lifted its holdings in Duke Energy Corporation by 0.5% in the first quarter. Rand Wealth LLC now owns 58,730 shares of the utilities provider’s stock worth $4,816,000 after purchasing an additional 305 shares during the period. IFP Advisors Inc lifted its holdings in Duke Energy Corporation by 1.3% in the first quarter. IFP Advisors Inc now owns 138,852 shares of the utilities provider’s stock worth $11,387,000 after purchasing an additional 1,835 shares during the period. First Midwest Bank Trust Division lifted its holdings in Duke Energy Corporation by 3.2% in the first quarter. First Midwest Bank Trust Division now owns 16,116 shares of the utilities provider’s stock worth $1,322,000 after purchasing an additional 504 shares during the period. Finally, Leavell Investment Management Inc. lifted its holdings in Duke Energy Corporation by 1.1% in the first quarter. Leavell Investment Management Inc. now owns 61,307 shares of the utilities provider’s stock worth $5,028,000 after purchasing an additional 682 shares during the period. 56.22% of the stock is owned by institutional investors and hedge funds.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.07% of the stock is currently owned by company insiders.
A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Morgan Stanley upped their price target on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. BMO Capital Markets reissued a “hold” rating and issued a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a report on Tuesday, August 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $83.18.
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Duke Energy Corporation (NYSE:DUK) traded down 0.23% during mid-day trading on Friday, reaching $87.30. The company’s stock had a trading volume of 6,419,300 shares. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $88.40. The stock’s 50 day moving average is $86.68 and its 200 day moving average is $84.33. The company has a market cap of $61.11 billion, a price-to-earnings ratio of 25.86 and a beta of 0.25.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter last year, the business earned $1.07 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that Duke Energy Corporation will post $4.60 EPS for the current year.
The business 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 is Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.08%. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio (DPR) is 105.64%.
Duke Energy Corporation 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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