Regentatlantic Capital LLC Has $490,000 Position in Duke Energy Corp (DUK)
Regentatlantic Capital LLC lessened its position in shares of Duke Energy Corp (NYSE:DUK) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,443 shares of the utilities provider’s stock after selling 150 shares during the period. Regentatlantic Capital LLC’s holdings in Duke Energy were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Canton Hathaway LLC purchased a new stake in shares of Duke Energy in the 1st quarter valued at $25,000. Riverview Trust Co purchased a new stake in shares of Duke Energy in the 1st quarter valued at $39,000. Proficio Capital Partners LLC boosted its stake in shares of Duke Energy by 59.0% in the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 164 shares in the last quarter. Sontag Advisory LLC purchased a new stake in shares of Duke Energy in the 4th quarter valued at $43,000. Finally, Vigilant Capital Management LLC purchased a new stake in shares of Duke Energy in the 4th quarter valued at $43,000. 61.10% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on DUK. Bank of America upped their price objective on shares of Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, March 11th. Morgan Stanley upped their price objective on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. ValuEngine cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Credit Suisse Group cut shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Duke Energy has a consensus rating of “Hold” and an average price target of $86.10.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 EPS. As a group, equities research analysts forecast that Duke Energy Corp will post 4.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be given a dividend of $0.9275 per share. The ex-dividend date is Thursday, May 16th. This represents a $3.71 annualized dividend and a yield of 4.26%. Duke Energy’s payout ratio is currently 78.60%.
In other Duke Energy news, COO Dhiaa M. Jamil sold 750 shares of the stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $89.75, for a total transaction of $67,312.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Lynn J. Good sold 15,000 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $89.92, for a total transaction of $1,348,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,250 shares of company stock valued at $1,900,878 in the last three months. 0.09% of the stock is currently owned by corporate insiders.
Duke Energy Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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