Duke Energy Corp (NYSE:DUK) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust raised its position in shares of Duke Energy Corp (NYSE:DUK) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,954 shares of the utilities provider’s stock after buying an additional 263 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Duke Energy were worth $261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Harvest Group Wealth Management LLC acquired a new stake in shares of Duke Energy during the 1st quarter worth approximately $26,000. Thor Advisors LLC acquired a new stake in shares of Duke Energy during the 1st quarter worth approximately $30,000. Larson Financial Group LLC raised its position 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 purchasing an additional 167 shares during the period. Glassman Wealth Services raised its position in shares of Duke Energy by 35.2% during the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 117 shares during the period. Finally, Tarbox Family Office Inc. raised its position in shares of Duke Energy by 46.5% during the 2nd quarter. Tarbox Family Office Inc. now owns 457 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 60.40% of the company’s stock.

DUK traded up $0.33 during trading hours on Friday, hitting $91.65. The company’s stock had a trading volume of 56,572 shares, compared to its average volume of 2,803,118. Duke Energy Corp has a fifty-two week low of $78.00 and a fifty-two week high of $92.11. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $66.43 billion, a PE ratio of 19.25, a PEG ratio of 3.75 and a beta of 0.12. The company has a 50-day simple moving average of $88.85 and a 200 day simple moving average of $88.89.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $0.98 by $0.14. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the firm earned $0.93 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. Research analysts expect that Duke Energy Corp will post 4.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be given a $0.945 dividend. This is a boost from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 annualized dividend and a yield of 4.12%. The ex-dividend date is Thursday, August 15th. Duke Energy’s dividend payout ratio (DPR) is currently 80.08%.

DUK has been the topic of a number of research reports. Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price target on the stock. in a research report on Wednesday, June 26th. Citigroup dropped their price target on Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. KeyCorp initiated coverage on Duke Energy in a research report on Tuesday, June 4th. They set a “sector weight” rating on the stock. Barclays dropped their price target on 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. Finally, ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Duke Energy presently has an average rating of “Hold” and an average price target of $91.14.

In related news, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $91.05, for a total value of $154,785.00. Following the sale, the senior vice president now directly owns 4,891 shares in the company, valued at approximately $445,325.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by company insiders.

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

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