Home Federal Bank of Tennessee decreased its position in Duke Energy Corporation (NYSE:DUK) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,480 shares of the utilities provider’s stock after selling 258 shares during the period. Duke Energy Corporation comprises 1.4% of Home Federal Bank of Tennessee’s holdings, making the stock its 9th largest position. Home Federal Bank of Tennessee’s holdings in Duke Energy Corporation were worth $2,632,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bank bought a new position in Duke Energy Corporation during the first quarter worth $104,000. Jolley Asset Management LLC raised its position 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 worth $125,000 after buying an additional 313 shares during the period. North Star Investment Management Corp. raised 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 worth $127,000 after buying an additional 322 shares during the period. Daiwa SB Investments Ltd. bought a new position in Duke Energy Corporation during the second quarter worth $130,000. Finally, Advantage Investment Management LLC raised 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 worth $139,000 after buying an additional 462 shares during the period. 55.41% of the stock is currently owned by institutional investors.
Duke Energy Corporation (NYSE DUK) traded down 0.09% during midday trading on Thursday, hitting $86.23. The company had a trading volume of 742,983 shares. The firm has a market cap of $60.36 billion, a price-to-earnings ratio of 25.54 and a beta of 0.24. The stock has a 50 day moving average of $84.81 and a 200 day moving average of $83.09. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $87.75.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter last year, the firm earned $1.07 earnings per share. The firm’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 EPS 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 issued 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 yield of 4.12%. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 101.48%.
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Several equities analysts have recently commented on DUK shares. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $82.00 to $85.00 in a research note on Monday, June 26th. Zacks Investment Research raised Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Friday, July 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $87.00 price target (down previously from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Barclays PLC reaffirmed an “equal weight” rating and issued a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Finally, BidaskClub raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $82.71.
In related news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director E Marie Mckee sold 1,937 shares of Duke Energy Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company 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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