Zeke Capital Advisors LLC increased its holdings in Duke Energy Corp (NYSE:DUK) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,395 shares of the utilities provider’s stock after purchasing an additional 283 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Duke Energy were worth $1,888,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of DUK. Dimensional Fund Advisors LP boosted its position in Duke Energy by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,311,505 shares of the utilities provider’s stock valued at $113,181,000 after purchasing an additional 52,498 shares during the period. Geode Capital Management LLC boosted its position in Duke Energy by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock worth $771,079,000 after acquiring an additional 750,534 shares during the period. CX Institutional boosted its position in Duke Energy by 22.9% during the 1st quarter. CX Institutional now owns 747 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 139 shares during the period. USS Investment Management Ltd acquired a new position in Duke Energy during the 1st quarter worth $37,519,000. Finally, Intl Fcstone Inc. boosted its position in Duke Energy by 3.8% during the 1st quarter. Intl Fcstone Inc. now owns 3,400 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 125 shares during the period. 60.01% of the stock is currently owned by institutional investors.
In other news, Director E Marie Mckee sold 1,781 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $87.37, for a total value of $155,605.97. Following the sale, the director now owns 1 shares of the company’s stock, valued at approximately $87.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lloyd M. Yates sold 5,117 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $88.20, for a total value of $451,319.40. The disclosure for this sale can be found here. Insiders sold a total of 8,598 shares of company stock worth $752,989 in the last three months. Company insiders own 0.09% of the company’s stock.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, May 9th. The utilities provider reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.03. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. Sell-side analysts expect that Duke Energy Corp will post 4.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s payout ratio is currently 78.60%.
A number of brokerages have issued reports on DUK. Barclays reduced their price target on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 18th. Morgan Stanley boosted their price target on Duke Energy from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, June 14th. Zacks Investment Research lowered Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price target for the company. in a research report on Wednesday, June 26th. Citigroup reduced their price target on Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. set a $90.00 price target on Duke Energy and gave the stock a “hold” rating in a research report on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Duke Energy presently has a consensus rating of “Hold” and an average target price of $91.50.
Duke Energy Company 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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