ST Germain D J Co. Inc. Purchases 973 Shares of Duke Energy Corporation (DUK)
ST Germain D J Co. Inc. boosted its position in Duke Energy Corporation (NYSE:DUK) by 26.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,658 shares of the utilities provider’s stock after buying an additional 973 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Duke Energy Corporation were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Winfield Associates Inc. increased its position in Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after buying an additional 165 shares during the last quarter. Jolley Asset Management LLC boosted its holdings 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 worth $125,000 after acquiring an additional 313 shares during the period. North Star Investment Management Corp. boosted its holdings 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 worth $127,000 after acquiring an additional 322 shares during the period. Daiwa SB Investments Ltd. bought a new position in shares of Duke Energy Corporation in the second quarter worth $130,000. Finally, Advantage Investment Management LLC boosted its holdings 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 worth $139,000 after acquiring an additional 462 shares during the period. 56.22% of the stock is owned by institutional investors and hedge funds.
Shares of Duke Energy Corporation (DUK) opened at 85.98 on Wednesday. The company has a market cap of $60.18 billion, a price-to-earnings ratio of 25.47 and a beta of 0.25. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $88.40. The company’s 50-day moving average price is $86.74 and its 200 day moving average price is $84.41.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly 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 business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the business posted $1.07 EPS. Duke Energy Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Friday, August 18th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Wednesday, August 16th. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is presently 105.64%.
A number of research firms have recently commented on DUK. Zacks Investment Research lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a report on Tuesday, August 29th. Morgan Stanley raised their price target on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. Duke Energy Corporation has an average rating of “Hold” and an average price target of $83.18.
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In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the sale, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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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