Duke Energy Corporation (DUK) Holdings Maintained by Seaward Management Limited Partnership
Seaward Management Limited Partnership maintained its position in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,650 shares of the utilities provider’s stock at the close of the second quarter. Seaward Management Limited Partnership’s holdings in Duke Energy Corporation were worth $305,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winfield Associates Inc. increased its holdings in shares of 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 period. Jolley Asset Management LLC grew its stake 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 purchasing an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. bought a new stake in shares of Duke Energy Corporation in the second quarter worth about $130,000. Advantage Investment Management LLC grew its stake 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 purchasing an additional 462 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Duke Energy Corporation by 84.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 848 shares during the last quarter. Hedge funds and other institutional investors own 56.22% of the company’s stock.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by company insiders.
Duke Energy Corporation (NYSE DUK) opened at 85.14 on Tuesday. The stock has a market capitalization of $59.59 billion, a price-to-earnings ratio of 25.22 and a beta of 0.25. 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 $86.74 and its 200 day moving average is $84.41.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period last year, the firm earned $1.07 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 18th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.18%. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 105.64%.
Several analysts recently issued reports on the company. BidaskClub raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Morgan Stanley raised their target price on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. BMO Capital Markets reissued a “hold” rating and issued a $87.00 target price (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Duke Energy Corporation currently has an average rating of “Hold” and an average target price of $83.18.
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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.
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