Nomura Holdings Inc. bought a new position in Duke Energy Corp (NYSE:DUK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 322,100 shares of the utilities provider’s stock, valued at approximately $28,349,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thor Advisors LLC bought a new stake in shares of Duke Energy in the 1st quarter worth $30,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of Duke Energy in the 2nd quarter worth $34,000. Larson Financial Group LLC grew its stake in shares of Duke Energy by 65.5% in the 2nd quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 167 shares in the last quarter. Glassman Wealth Services grew its stake in shares of Duke Energy by 35.2% in the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 117 shares in the last quarter. Finally, Tarbox Family Office Inc. grew its stake in shares of Duke Energy by 46.5% in the 2nd quarter. Tarbox Family Office Inc. now owns 457 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 145 shares in the last quarter.
Several research firms have recently issued reports on DUK. Barclays reduced their target price on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 18th. KeyCorp started coverage on shares of Duke Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating for the company. Citigroup cut their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Finally, SunTrust Banks set a $96.00 price target on shares of Duke Energy and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Duke Energy presently has a consensus rating of “Hold” and an average price target of $92.44.
Shares of NYSE:DUK traded up $0.42 during midday trading on Friday, reaching $94.91. The company had a trading volume of 162,931 shares, compared to its average volume of 2,535,700. The company’s 50 day moving average price is $91.33 and its 200 day moving average price is $89.44. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26. The stock has a market cap of $69.10 billion, a P/E ratio of 20.17, a P/E/G ratio of 3.86 and a beta of 0.09. Duke Energy Corp has a 52-week low of $78.00 and a 52-week high of $95.70.
Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.14. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Research analysts forecast that Duke Energy Corp will post 4.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 16th were issued a dividend of $0.945 per share. The ex-dividend date of this dividend was Thursday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 annualized dividend and a yield of 3.98%. Duke Energy’s dividend payout ratio is 80.08%.
Duke Energy Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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