Lee Danner & Bass Inc. decreased its position in shares of Duke Energy Corporation (NYSE:DUK) by 7.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,743 shares of the utilities provider’s stock after selling 4,364 shares during the period. Lee Danner & Bass Inc.’s holdings in Duke Energy Corporation were worth $4,407,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of Duke Energy Corporation by 84.9% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 124,150 shares of the utilities provider’s stock worth $9,637,000 after buying an additional 57,000 shares during the last quarter. State Street Corp raised its position in shares of Duke Energy Corporation by 0.6% in the fourth quarter. State Street Corp now owns 33,468,331 shares of the utilities provider’s stock worth $2,597,815,000 after buying an additional 190,314 shares during the last quarter. Horizon Investments LLC purchased a new position in shares of Duke Energy Corporation during the fourth quarter worth approximately $509,000. Honkamp Krueger Financial Services Inc. ADV purchased a new position in shares of Duke Energy Corporation during the fourth quarter worth approximately $462,000. Finally, JT Stratford LLC purchased a new position in shares of Duke Energy Corporation during the fourth quarter worth approximately $462,000. 56.44% of the stock is owned by institutional investors.
Shares of Duke Energy Corporation (NYSE DUK) opened at 85.96 on Friday. The stock has a 50 day moving average price of $84.62 and a 200 day moving average price of $80.82. The stock has a market capitalization of $60.16 billion, a P/E ratio of 27.41 and a beta of 0.26. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.75.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Tuesday, May 9th. The utilities provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.01. Duke Energy Corporation had a return on equity of 7.87% and a net margin of 9.17%. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, May 19th were issued a $0.855 dividend. The ex-dividend date was Wednesday, May 17th. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.19. This represents a $3.42 dividend on an annualized basis and a yield of 3.98%. Duke Energy Corporation’s dividend payout ratio is currently 109.27%.
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A number of equities analysts recently commented on DUK shares. Vetr lowered Duke Energy Corporation from a “hold” rating to a “sell” rating and set a $79.70 price target for the company. in a research note on Thursday, March 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $86.00 price target on shares of Duke Energy Corporation in a research note on Friday, March 17th. Deutsche Bank AG increased their price target on Duke Energy Corporation from $81.00 to $83.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Barclays PLC reissued an “equal weight” rating and set a $88.00 price target (up from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Finally, Zacks Investment Research downgraded Duke Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $81.19.
In other Duke Energy Corporation news, Director Theodore F. Craver, Jr. acquired 3,500 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of $83.73 per share, for a total transaction of $293,055.00. Following the completion of the acquisition, the director now owns 5,706 shares of the company’s stock, valued at approximately $477,763.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.
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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