Beacon Financial Group boosted its stake in Duke Energy Corporation (NYSE:DUK) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,521 shares of the utilities provider’s stock after acquiring an additional 2,363 shares during the period. Duke Energy Corporation accounts for 1.8% of Beacon Financial Group’s portfolio, making the stock its 14th largest position. Beacon Financial Group’s holdings in Duke Energy Corporation were worth $9,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Hennessy Advisors Inc. raised its holdings in Duke Energy Corporation by 1.5% in the first quarter. Hennessy Advisors Inc. now owns 379,737 shares of the utilities provider’s stock valued at $31,142,000 after acquiring an additional 5,500 shares in the last quarter. BlackRock Inc. raised its holdings in Duke Energy Corporation by 2,866.0% in the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after acquiring an additional 41,268,968 shares in the last quarter. Pegasus Partners Ltd. raised its holdings in Duke Energy Corporation by 0.5% in the first quarter. Pegasus Partners Ltd. now owns 23,034 shares of the utilities provider’s stock valued at $1,889,000 after acquiring an additional 110 shares in the last quarter. Brookstone Capital Management raised its holdings in Duke Energy Corporation by 7.9% in the first quarter. Brookstone Capital Management now owns 78,707 shares of the utilities provider’s stock valued at $6,455,000 after acquiring an additional 5,795 shares in the last quarter. Finally, Norinchukin Bank The raised its holdings in Duke Energy Corporation by 5.9% in the first quarter. Norinchukin Bank The now owns 81,297 shares of the utilities provider’s stock valued at $6,667,000 after acquiring an additional 4,531 shares in the last quarter. 56.22% of the stock is currently owned by hedge funds and other institutional investors.
Duke Energy Corporation (DUK) traded down 0.31% during mid-day trading on Wednesday, hitting $87.01. 957,420 shares of the company were exchanged. The stock’s 50 day moving average is $86.45 and its 200-day moving average is $84.25. The company has a market cap of $60.90 billion, a price-to-earnings ratio of 25.77 and a beta of 0.25. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.01. The company had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $1.07 earnings per share. Equities research analysts predict that Duke Energy Corporation will post $4.60 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, August 16th. 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 dividend yield of 4.08%. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 105.64%.
In other Duke Energy Corporation 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 transaction of $431,100.00. Following the completion of the transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by company insiders.
DUK has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. BidaskClub raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $87.00 target price on shares of Duke Energy Corporation in a report on Tuesday, August 29th. Morgan Stanley increased their target price on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $82.00 to $85.00 in a report on Monday, June 26th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $83.11.
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About Duke Energy Corporation
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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