Capstone Asset Management Co. Sells 142 Shares of Duke Energy Corporation (DUK)

Capstone Asset Management Co. lowered its holdings in Duke Energy Corporation (NYSE:DUK) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,262 shares of the utilities provider’s stock after selling 142 shares during the quarter. Capstone Asset Management Co.’s holdings in Duke Energy Corporation were worth $5,121,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Capital One National Association increased its stake in shares of Duke Energy Corporation by 8.1% in the second quarter. Capital One National Association now owns 11,400 shares of the utilities provider’s stock worth $953,000 after acquiring an additional 852 shares during the period. BKD Wealth Advisors LLC increased its stake in shares of Duke Energy Corporation by 2.5% in the second quarter. BKD Wealth Advisors LLC now owns 4,626 shares of the utilities provider’s stock worth $387,000 after acquiring an additional 115 shares during the period. First Command Bank increased its stake in shares of Duke Energy Corporation by 2.9% in the second quarter. First Command Bank now owns 3,591 shares of the utilities provider’s stock worth $300,000 after acquiring an additional 100 shares during the period. Beacon Financial Group increased its stake in shares of Duke Energy Corporation by 2.1% in the second quarter. Beacon Financial Group now owns 112,521 shares of the utilities provider’s stock worth $9,455,000 after acquiring an additional 2,363 shares during the period. Finally, Burns J W & Co. Inc. NY acquired a new stake in shares of Duke Energy Corporation in the second quarter worth $219,000. Hedge funds and other institutional investors own 56.22% of the company’s stock.

A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. BidaskClub downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $82.00 to $85.00 in a report on Monday, June 26th. Morgan Stanley reissued an “equal weight” rating and set a $87.00 price target (down from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 10th. Finally, BMO Capital Markets reissued a “hold” rating and set a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $83.18.

In other news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.

Duke Energy Corporation (DUK) traded down 0.417% during trading on Friday, reaching $87.135. 1,658,151 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $86.62 and its 200-day moving average price is $84.29. Duke Energy Corporation has a one year low of $72.34 and a one year high of $88.40. The stock has a market cap of $60.99 billion, a P/E ratio of 25.810 and a beta of 0.25.

Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the prior year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.89 per share. The ex-dividend date 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 4.07%. Duke Energy Corporation’s dividend payout ratio is 105.64%.

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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.

Institutional Ownership by Quarter for Duke Energy Corporation (NYSE:DUK)

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