Victory Capital Management Inc. decreased its position in Duke Energy Corporation (NYSE:DUK) by 86.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,725 shares of the utilities provider’s stock after selling 83,787 shares during the period. Victory Capital Management Inc.’s holdings in Duke Energy Corporation were worth $1,044,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. Atlas Brown Inc. boosted its stake in Duke Energy Corporation by 9.1% in the first quarter. Atlas Brown Inc. now owns 10,342 shares of the utilities provider’s stock worth $848,000 after buying an additional 861 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Duke Energy Corporation by 4.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 611,726 shares of the utilities provider’s stock worth $50,168,000 after buying an additional 27,259 shares in the last quarter. Private Asset Management Inc. boosted its stake in Duke Energy Corporation by 0.4% in the first quarter. Private Asset Management Inc. now owns 28,748 shares of the utilities provider’s stock worth $2,358,000 after buying an additional 111 shares in the last quarter. Liberty Capital Management Inc. boosted its stake in Duke Energy Corporation by 30.0% in the first quarter. Liberty Capital Management Inc. now owns 1,950 shares of the utilities provider’s stock worth $160,000 after buying an additional 450 shares in the last quarter. Finally, Beacon Financial Group boosted its stake in Duke Energy Corporation by 1.5% in the first quarter. Beacon Financial Group now owns 110,158 shares of the utilities provider’s stock worth $9,037,000 after buying an additional 1,622 shares in the last quarter. Hedge funds and other institutional investors own 55.41% of the company’s stock.
Duke Energy Corporation (DUK) traded up 0.59% during trading on Friday, hitting $86.38. The stock had a trading volume of 2,853,827 shares. The company has a market cap of $60.46 billion, a P/E ratio of 25.59 and a beta of 0.24. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $87.75. The company has a 50 day moving average of $84.90 and a 200-day moving average of $83.17.
Duke Energy Corporation (NYSE:DUK) last issued its 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 analyst estimates of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. On average, equities analysts predict that Duke Energy Corporation will post $4.60 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Wednesday, August 16th. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is 105.64%.
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A number of analysts recently commented on the company. Deutsche Bank AG reiterated a “hold” rating and set a $84.00 price objective (up previously from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. BMO Capital Markets restated a “hold” rating and issued a $87.00 price target (up previously from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Morgan Stanley lifted their price target on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $82.00 to $85.00 in a report on Monday, June 26th. Finally, BidaskClub cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Duke Energy Corporation currently has an average rating of “Hold” and an average price target of $82.71.
In other news, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total transaction of $165,206.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the sale, the executive vice president now owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.
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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