State Street Corp boosted its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 33,919,431 shares of the utilities provider’s stock after buying an additional 451,100 shares during the period. State Street Corp owned approximately 4.85% of Duke Energy Corporation worth $2,781,737,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Pinnacle Bank bought a new position in Duke Energy Corporation during the first quarter valued at $104,000. North Star Investment Management Corp. boosted its position 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 in the last quarter. Advantage Investment Management LLC boosted its position 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 in the last quarter. Nicolet Bankshares Inc. boosted its position in Duke Energy Corporation by 379.2% in the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock valued at $142,000 after buying an additional 1,369 shares in the last quarter. Finally, Baystate Wealth Management LLC bought a new position in Duke Energy Corporation during the first quarter valued at $142,000. 55.60% of the stock is currently owned by institutional investors.
Shares of Duke Energy Corporation (NYSE DUK) traded down 0.31% on Thursday, hitting $85.93. 382,441 shares of the company’s stock were exchanged. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $87.75. The firm has a market cap of $60.15 billion, a P/E ratio of 25.45 and a beta of 0.24. The stock’s 50 day moving average is $84.80 and its 200 day moving average is $82.76.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The firm also recently declared 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 annualized dividend and a dividend yield of 4.13%. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s payout ratio is 101.48%.
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Several research analysts have weighed in on the stock. BMO Capital Markets reissued a “hold” rating and issued a $81.00 price target on shares of Duke Energy Corporation in a report on Friday, April 28th. BidaskClub raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Barclays PLC reissued an “equal weight” rating and issued a $88.00 price target (up from $82.00) on shares of Duke Energy Corporation in a report on Sunday, April 23rd. Zacks Investment Research raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $82.58.
In related news, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were 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 is accessible through the SEC website. Also, Director Theodore F. Craver, Jr. bought 3,500 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of $83.73 per share, for a total transaction of $293,055.00. Following the acquisition, the director now directly owns 5,706 shares in the company, valued at approximately $477,763.38. The disclosure for this purchase can be found here. Insiders own 0.07% of the company’s stock.
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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