WFG Advisors LP decreased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 15.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 7,886 shares of the utilities provider’s stock after selling 1,461 shares during the period. WFG Advisors LP’s holdings in Duke Energy Corporation were worth $647,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. boosted its position in Duke Energy Corporation by 3.4% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 214,289 shares of the utilities provider’s stock valued at $17,572,000 after buying an additional 7,141 shares during the period. Neuberger Berman Group LLC boosted its position in Duke Energy Corporation by 3.8% in the first quarter. Neuberger Berman Group LLC now owns 58,067 shares of the utilities provider’s stock valued at $4,762,000 after buying an additional 2,122 shares during the period. Vaughan David Investments Inc. IL boosted its position in Duke Energy Corporation by 0.9% in the first quarter. Vaughan David Investments Inc. IL now owns 247,558 shares of the utilities provider’s stock valued at $20,302,000 after buying an additional 2,152 shares during the period. Shoker Investment Counsel Inc. boosted its position in Duke Energy Corporation by 0.5% in the first quarter. Shoker Investment Counsel Inc. now owns 4,484 shares of the utilities provider’s stock valued at $367,000 after buying an additional 21 shares during the period. Finally, Accredited Investors Inc. boosted its position in Duke Energy Corporation by 0.7% in the first quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock valued at $229,000 after buying an additional 19 shares during the period. 55.72% of the stock is currently owned by institutional investors.
Shares of Duke Energy Corporation (DUK) opened at 84.91 on Friday. The firm has a market capitalization of $59.43 billion, a price-to-earnings ratio of 27.08 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 price of $84.90 and a 200 day moving average price of $82.25.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Tuesday, May 9th. The utilities provider reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.01. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a return on equity of 7.87% and a net margin of 9.17%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.13 earnings per share. Equities research analysts expect that Duke Energy Corporation will post $4.61 earnings per share for the current fiscal year.
The business 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 represents a $3.56 dividend on an annualized basis and a yield of 4.19%. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 109.27%.
Several equities analysts have weighed in on the company. BidaskClub raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a report on Friday, July 21st. Morgan Stanley reiterated an “equal weight” rating and set a $87.00 price target (down from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 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, BMO Capital Markets reiterated a “hold” rating and set a $85.00 price target on shares of Duke Energy Corporation in a report on Wednesday, May 10th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $82.23.
In other news, Director E Marie Mckee sold 1,937 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total value of $165,206.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodore F. Craver, Jr. acquired 3,500 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was acquired at an average cost of $83.73 per share, with a total value of $293,055.00. Following the completion of the transaction, the director now owns 5,706 shares of the company’s stock, valued at $477,763.38. The disclosure for this purchase can be found here. 0.07% of the stock is owned by company 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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