YHB Investment Advisors Inc. increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,430 shares of the utilities provider’s stock after buying an additional 82 shares during the period. YHB Investment Advisors Inc.’s holdings in Duke Energy Corporation were worth $448,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in DUK. Hennessy Advisors Inc. increased its stake in shares of Duke Energy Corporation by 1.5% in the first quarter. Hennessy Advisors Inc. now owns 379,737 shares of the utilities provider’s stock worth $31,142,000 after buying an additional 5,500 shares in the last quarter. Hexavest Inc. increased its stake in shares of Duke Energy Corporation by 4.4% in the first quarter. Hexavest Inc. now owns 780,241 shares of the utilities provider’s stock worth $63,988,000 after buying an additional 32,947 shares in the last quarter. Pegasus Partners Ltd. increased its stake in shares of Duke Energy Corporation by 0.5% in the first quarter. Pegasus Partners Ltd. now owns 23,034 shares of the utilities provider’s stock worth $1,889,000 after buying an additional 110 shares in the last quarter. Brookstone Capital Management increased its position in Duke Energy Corporation by 7.9% in the first quarter. Brookstone Capital Management now owns 78,707 shares of the utilities provider’s stock valued at $6,455,000 after buying an additional 5,795 shares during the period. Finally, Numeric Investors LLC increased its position in Duke Energy Corporation by 25.9% in the fourth quarter. Numeric Investors LLC now owns 3,400 shares of the utilities provider’s stock valued at $264,000 after buying an additional 700 shares during the period. 55.79% of the stock is currently owned by hedge funds and other institutional investors.
Duke Energy Corporation (NYSE:DUK) opened at 85.12 on Tuesday. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $87.75. The stock has a 50 day moving average price of $84.88 and a 200-day moving average price of $82.38. The company has a market capitalization of $59.57 billion, a PE ratio of 27.14 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Duke Energy Corporation had a net margin of 9.17% and a return on equity of 7.87%. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Duke Energy Corporation will post $4.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.18%. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s payout ratio is presently 109.27%.
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Several equities research analysts have recently commented 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 raised Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Friday, July 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $87.00 price objective (down from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $82.00 to $85.00 in a research note on Monday, June 26th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $85.00 target price on shares of Duke Energy Corporation in a research note on Wednesday, May 10th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. Duke Energy Corporation currently has an average rating of “Hold” and a consensus price target of $82.23.
In other Duke Energy Corporation news, Director Theodore F. Craver, Jr. acquired 3,500 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average cost of $83.73 per share, with a total value of $293,055.00. Following the acquisition, the director now directly owns 5,706 shares of the company’s stock, valued at $477,763.38. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director E Marie Mckee sold 1,937 shares of the company’s 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.
Duke Energy Corporation Company Profile
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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