Hartford Financial Management Inc. Has $138,000 Holdings in Duke Energy Corporation (DUK)
Hartford Financial Management Inc. maintained its stake in shares of Duke Energy Corporation (NYSE:DUK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,657 shares of the utilities provider’s stock at the end of the 2nd quarter. Hartford Financial Management Inc.’s holdings in Duke Energy Corporation were worth $138,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Duke Energy Corporation by 4.1% in the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after acquiring an additional 1,918,598 shares in the last quarter. BlackRock Inc. lifted its position in shares of Duke Energy Corporation by 2,866.0% in the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after acquiring an additional 41,268,968 shares in the last quarter. State Street Corp lifted its position in shares of Duke Energy Corporation by 1.3% in the first quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock valued at $2,781,737,000 after acquiring an additional 451,100 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Duke Energy Corporation by 33.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after acquiring an additional 2,345,114 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Duke Energy Corporation by 8.6% in the first quarter. Geode Capital Management LLC now owns 7,138,784 shares of the utilities provider’s stock valued at $584,660,000 after acquiring an additional 567,019 shares in the last quarter. Institutional investors and hedge funds own 56.22% of the company’s stock.
In related 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 transaction of $431,100.00. Following the completion of the sale, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.
Several analysts have recently issued reports on the company. Zacks Investment Research downgraded Duke Energy Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley upped their target price on Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. KeyCorp reiterated a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. Finally, BidaskClub upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $83.18.
Shares of Duke Energy Corporation (NYSE DUK) opened at 85.20 on Thursday. The firm has a market capitalization of $59.64 billion, a price-to-earnings ratio of 25.24 and a beta of 0.25. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $88.40. The firm’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 announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 period last year, the company earned $1.07 earnings per share. Duke Energy Corporation’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Duke Energy Corporation will post $4.60 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, August 18th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.18%. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date was Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 105.64%.
ILLEGAL ACTIVITY WARNING: This story was first posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.dailypolitical.com/2017/09/21/hartford-financial-management-inc-has-138000-holdings-in-duke-energy-corporation-duk.html.
About Duke Energy Corporation
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.
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUK).
Receive News & Ratings for Duke Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.