Country Club Trust Company n.a. bought a new position in shares of Duke Energy Corporation (NYSE:DUK) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,697 shares of the utilities provider’s stock, valued at approximately $226,000.
A number of other large investors have also modified their holdings of the business. Capital One National Association boosted its position in Duke Energy Corporation by 8.1% during the second quarter. Capital One National Association now owns 11,400 shares of the utilities provider’s stock worth $953,000 after purchasing an additional 852 shares during the period. BKD Wealth Advisors LLC lifted its holdings 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 buying an additional 115 shares in the last quarter. First Command Bank raised its stake in Duke Energy Corporation by 2.9% in the second quarter. First Command Bank now owns 3,591 shares of the utilities provider’s stock valued at $300,000 after purchasing an additional 100 shares in the last quarter. Beacon Financial Group raised its stake in Duke Energy Corporation by 2.1% in the second quarter. Beacon Financial Group now owns 112,521 shares of the utilities provider’s stock valued at $9,455,000 after purchasing an additional 2,363 shares in the last quarter. Finally, Burns J W & Co. Inc. NY purchased a new stake in Duke Energy Corporation in the second quarter valued at approximately $219,000. Hedge funds and other institutional investors own 56.22% of the company’s stock.
In other news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction that occurred 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) opened at 84.25 on Friday. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $88.40. The stock has a market cap of $58.97 billion, a price-to-earnings ratio of 24.96 and a beta of 0.25. The firm’s 50-day moving average price is $86.74 and its 200 day moving average price is $84.41.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period last year, the company earned $1.07 earnings per share. Duke Energy Corporation’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 18th were paid a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This is a positive change 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 4.23%. Duke Energy Corporation’s payout ratio is currently 105.64%.
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DUK has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Friday, July 21st. BidaskClub raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. Royal Bank Of Canada reissued a “buy” rating and set a $87.00 price target on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. Finally, 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 research note on Monday, July 10th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $83.18.
Duke Energy Corporation 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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