BB&T Investment Services Inc. purchased a new stake in shares of Duke Energy Corporation (NYSE:DUK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,068 shares of the utilities provider’s stock, valued at approximately $1,261,000.
Several other institutional investors also recently bought and sold shares of DUK. Winfield Associates Inc. raised its stake 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 in the last quarter. Jolley Asset Management LLC raised its stake 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 buying an additional 313 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. Jacobi Capital Management LLC raised its stake in Duke Energy Corporation by 104.1% in the first quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock worth $164,000 after buying an additional 1,010 shares in the last quarter. Finally, Camarda Financial Advisors LLC raised its stake in Duke Energy Corporation by 357.1% in the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after buying an additional 1,664 shares in the last quarter. 56.30% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on DUK. ValuEngine raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Morgan Stanley boosted their price objective on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $90.00 price target on shares of Duke Energy Corporation in a report on Monday, November 6th. Wolfe Research raised shares of Duke Energy Corporation from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $86.90.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.07% of the stock is owned by insiders.
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Shares of Duke Energy Corporation (DUK) opened at $88.52 on Monday. The firm has a market cap of $61,961.84, a price-to-earnings ratio of 19.89, a PEG ratio of 4.84 and a beta of 0.26. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $91.80.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. analysts predict that Duke Energy Corporation will post 4.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 117.49%.
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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