Lynch & Associates IN decreased its position in shares of Duke Energy Corporation (NYSE:DUK) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,602 shares of the utilities provider’s stock after selling 882 shares during the period. Lynch & Associates IN’s holdings in Duke Energy Corporation were worth $2,307,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in DUK. Pinnacle Bank bought a new stake in shares of Duke Energy Corporation during the first quarter worth approximately $104,000. Jolley Asset Management LLC increased 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 valued at $125,000 after buying an additional 313 shares during the period. Daiwa SB Investments Ltd. purchased a new stake in shares of Duke Energy Corporation during the second quarter valued at about $130,000. North Star Investment Management Corp. increased its stake in shares of 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 valued at $127,000 after buying an additional 322 shares during the period. Finally, Advantage Investment Management LLC increased 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 valued at $139,000 after buying an additional 462 shares during the period. Institutional investors own 55.41% of the company’s stock.
Duke Energy Corporation (DUK) traded up 0.59% during trading on Friday, reaching $86.38. 2,853,827 shares of the company’s stock traded hands. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $87.75. The firm has a market cap of $60.46 billion, a PE ratio of 25.59 and a beta of 0.24. The firm has a 50 day moving average price of $84.90 and a 200-day moving average price of $83.17.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the 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 analyst estimates of $5.76 billion. During the same period in the previous year, the business earned $1.07 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. On average, analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be paid a $0.89 dividend. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a yield of 4.12%. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s payout ratio is presently 105.64%.
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Several brokerages have issued reports on DUK. Morgan Stanley boosted their target price on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. BMO Capital Markets reissued a “hold” rating and set a $87.00 target price (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Deutsche Bank AG reissued a “hold” rating and set a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Tuesday, July 11th. Finally, BidaskClub downgraded shares of Duke Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Four equities research 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’s stock. The company currently has an average rating of “Hold” and a consensus target price of $82.71.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the sale, the executive vice president now directly owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director E Marie Mckee sold 1,937 shares of Duke Energy Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.
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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