Texas Yale Capital Corp. Reduces Position in Duke Energy Corp (NYSE:DUK)

Texas Yale Capital Corp. lessened its holdings in shares of Duke Energy Corp (NYSE:DUK) by 53.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,040 shares of the utilities provider’s stock after selling 13,566 shares during the quarter. Texas Yale Capital Corp.’s holdings in Duke Energy were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Canton Hathaway LLC purchased a new position in shares of Duke Energy during the 1st quarter worth $25,000. Harvest Group Wealth Management LLC purchased a new position in shares of Duke Energy during the 1st quarter worth $26,000. Thor Advisors LLC purchased a new position in shares of Duke Energy during the 1st quarter worth $30,000. Larson Financial Group LLC boosted its stake in shares of Duke Energy by 65.5% during the 2nd quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 167 shares during the last quarter. Finally, Riverview Trust Co purchased a new position in shares of Duke Energy during the 1st quarter worth $39,000. Institutional investors and hedge funds own 60.01% of the company’s stock.

Shares of DUK stock traded up $0.71 on Tuesday, hitting $87.67. 996,247 shares of the stock traded hands, compared to its average volume of 2,428,429. The stock has a market cap of $64.16 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 3.68 and a beta of 0.12. Duke Energy Corp has a 52 week low of $78.00 and a 52 week high of $91.67. The business has a 50 day moving average price of $88.46. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.14. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. Analysts forecast that Duke Energy Corp will post 4.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be issued a $0.945 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Thursday, August 15th. Duke Energy’s payout ratio is currently 78.60%.

Several analysts have recently commented on DUK shares. KeyCorp started coverage on shares of Duke Energy in a research report on Tuesday, June 4th. They set a “sector weight” rating on the stock. ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. JPMorgan Chase & Co. set a $90.00 price objective on shares of Duke Energy and gave the company a “hold” rating in a research report on Monday, May 20th. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price objective on the stock. in a research report on Wednesday, June 26th. Finally, Barclays decreased their price objective on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $91.50.

In other Duke Energy news, SVP Dwight L. Jacobs sold 1,700 shares of Duke Energy stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $85.92, for a total value of $146,064.00. Following the sale, the senior vice president now directly owns 6,091 shares in the company, valued at approximately $523,338.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Lloyd M. Yates sold 5,117 shares of Duke Energy stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total transaction of $451,319.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,598 shares of company stock worth $752,989. 0.09% of the stock is currently owned by insiders.

About Duke Energy

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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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