Farmers National Bank reduced its stake in shares of Duke Energy Corporation (NYSE:DUK) by 4.6% during the first quarter, Holdings Channel reports. The fund owned 18,725 shares of the utilities provider’s stock after selling 895 shares during the period. Farmers National Bank’s holdings in Duke Energy Corporation were worth $1,499,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of DUK. Pinnacle Bank acquired a new stake in shares of Duke Energy Corporation during the first quarter valued at approximately $104,000. North Star Investment Management Corp. raised its stake in shares of 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. Advantage Investment Management LLC raised its stake in shares of 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. Nicolet Bankshares Inc. raised its stake in shares of 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 during the last quarter. Finally, Baystate Wealth Management LLC acquired a new stake in shares of Duke Energy Corporation during the first quarter valued at approximately $142,000. 55.41% of the stock is currently owned by institutional investors.
Duke Energy Corporation (NYSE:DUK) traded up 0.55% during midday trading on Monday, reaching $86.17. The company’s stock had a trading volume of 420,921 shares. The stock has a market capitalization of $60.31 billion, a PE ratio of 25.52 and a beta of 0.24. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $87.75. The firm’s 50-day moving average price is $84.78 and its 200-day moving average price is $82.84.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. 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 prior year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be given a $0.89 dividend. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is 101.48%.
Several analysts have commented on the company. BMO Capital Markets reissued a “hold” rating and issued a $81.00 price objective on shares of Duke Energy Corporation in a report on Friday, April 28th. BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Barclays PLC restated an “equal weight” rating and issued a $88.00 target price (up previously from $82.00) on shares of Duke Energy Corporation in a research report on Sunday, April 23rd. Zacks Investment Research upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $84.00 target price (up previously from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Four investment 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 has a consensus rating of “Hold” and a consensus target price of $82.71.
In related news, Director E Marie Mckee sold 1,937 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total value of $165,206.73. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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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