WealthTrust Axiom LLC Sells 120 Shares of Duke Energy Corporation (DUK)
WealthTrust Axiom LLC lowered its position in Duke Energy Corporation (NYSE:DUK) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,514 shares of the utilities provider’s stock after selling 120 shares during the period. WealthTrust Axiom LLC’s holdings in Duke Energy Corporation were worth $1,296,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Winfield Associates Inc. boosted its holdings 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 acquiring an additional 165 shares in the last quarter. Jolley Asset Management LLC boosted its holdings in 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 in the last quarter. North Star Investment Management Corp. boosted its holdings in 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 in the last quarter. Daiwa SB Investments Ltd. bought a new position in Duke Energy Corporation in the second quarter worth approximately $130,000. Finally, Advantage Investment Management LLC boosted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 56.22% of the company’s stock.
Several brokerages have issued reports 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 reiterated 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 target price on Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. KeyCorp restated a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Finally, Deutsche Bank AG restated a “hold” rating and issued a $84.00 target price (up previously 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 stock. The company currently has an average rating of “Hold” and an average target price of $83.18.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.
Shares of Duke Energy Corporation (NYSE:DUK) opened at 84.25 on Friday. The company’s 50-day moving average price is $86.74 and its 200-day moving average price is $84.41. The company has a market capitalization of $58.97 billion, a price-to-earnings ratio of 24.96 and a beta of 0.25. Duke Energy Corporation has a one year low of $72.34 and a one year high of $88.40.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 EPS. On average, equities research analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, August 18th were given a $0.89 dividend. The ex-dividend date was Wednesday, August 16th. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a yield of 4.23%. Duke Energy Corporation’s dividend payout ratio 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.
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.