BLB&B Advisors LLC continued to hold its stake in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,858 shares of the utilities provider’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Duke Energy Corporation were worth $4,335,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in Duke Energy Corporation during the second quarter worth $895,000. Gulf International Bank UK Ltd boosted its position in Duke Energy Corporation by 3.4% in the second quarter. Gulf International Bank UK Ltd now owns 221,135 shares of the utilities provider’s stock worth $18,484,000 after buying an additional 7,177 shares in the last quarter. Bollard Group LLC boosted its position in Duke Energy Corporation by 1.2% in the second quarter. Bollard Group LLC now owns 150,204 shares of the utilities provider’s stock worth $12,556,000 after buying an additional 1,779 shares in the last quarter. Sheets Smith Wealth Management boosted its position in Duke Energy Corporation by 0.8% in the second quarter. Sheets Smith Wealth Management now owns 12,271 shares of the utilities provider’s stock worth $1,026,000 after buying an additional 96 shares in the last quarter. Finally, Viking Fund Management LLC boosted its position in Duke Energy Corporation by 433.3% in the second quarter. Viking Fund Management LLC now owns 32,000 shares of the utilities provider’s stock worth $2,675,000 after buying an additional 26,000 shares in the last quarter. Institutional investors own 55.41% of the company’s stock.
Duke Energy Corporation (NYSE DUK) traded up 0.59% on Friday, reaching $86.38. The company’s stock had a trading volume of 2,853,827 shares. The firm’s 50 day moving average price is $84.90 and its 200-day moving average price is $83.17. The company has a market capitalization of $60.46 billion, a price-to-earnings ratio of 25.59 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.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. The firm had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. On average, equities analysts predict that Duke Energy Corporation will post $4.60 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders 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 dividend yield of 4.12%. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is presently 105.64%.
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A number of brokerages recently commented on DUK. Deutsche Bank AG restated a “hold” rating and set a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $85.00 price target on shares of Duke Energy Corporation in a research report on Wednesday, May 10th. Zacks Investment Research raised Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Tuesday, July 11th. Morgan Stanley increased their price target on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Finally, BidaskClub raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $82.71.
In other Duke Energy Corporation news, Director E Marie Mckee sold 1,937 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The disclosure for this sale can be found here. 0.07% of the stock is owned by corporate 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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