Jarislowsky Fraser Ltd cut its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 183,947 shares of the utilities provider’s stock after selling 1,901 shares during the period. Jarislowsky Fraser Ltd’s holdings in Duke Energy Corporation were worth $15,376,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the company. Pinnacle Bank purchased a new stake in Duke Energy Corporation during the first quarter valued at about $104,000. Jolley Asset Management LLC increased its stake in Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares during the last quarter. North Star Investment Management Corp. increased its stake in Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock valued at $127,000 after buying an additional 322 shares during the last quarter. Daiwa SB Investments Ltd. bought a new stake in Duke Energy Corporation during the second quarter valued at $130,000. Finally, Advantage Investment Management LLC increased its stake in Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after buying an additional 462 shares during the last quarter. 55.79% of the stock is currently owned by hedge funds and other institutional investors.
Duke Energy Corporation (DUK) traded down 0.21% during trading on Friday, reaching $86.33. 1,467,812 shares of the company traded hands. The company’s 50-day moving average is $84.87 and its 200 day moving average is $82.44. The company has a market cap of $60.42 billion, a PE ratio of 27.53 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.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.01. The company had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corporation had a return on equity of 7.87% and a net margin of 9.17%. Duke Energy Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $1.07 EPS. On average, analysts anticipate that Duke Energy Corporation will post $4.61 earnings per share for the current 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 is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s payout ratio is 109.27%.
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Several research analysts have recently commented on DUK shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a report on Friday. BidaskClub raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of 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 reissued an “equal weight” rating and set a $87.00 target price (down from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $82.00 to $85.00 in a research report on Monday, June 26th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $82.36.
In related news, Director E Marie Mckee sold 1,937 shares of Duke Energy Corporation stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total transaction of $165,206.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John H. Forsgren sold 2,190 shares of Duke Energy Corporation stock in a transaction on Friday, May 12th. The shares were sold at an average price of $82.86, for a total value of $181,463.40. The disclosure for this sale can be found here. 0.07% of the stock is 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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