Salem Capital Management Inc. held its stake in Duke Energy Corporation (NYSE:DUK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,219 shares of the utilities provider’s stock at the end of the second quarter. Salem Capital Management Inc.’s holdings in Duke Energy Corporation were worth $269,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Duke Energy Corporation by 4.1% in the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock worth $3,975,109,000 after buying an additional 1,918,598 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of 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 worth $3,502,557,000 after buying an additional 41,268,968 shares in the last quarter. State Street Corp lifted its holdings in shares of Duke Energy Corporation by 1.3% in the first quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock worth $2,781,737,000 after buying an additional 451,100 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Duke Energy Corporation by 33.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after purchasing an additional 2,345,114 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Duke Energy Corporation by 8.6% in the first quarter. Geode Capital Management LLC now owns 7,138,784 shares of the utilities provider’s stock valued at $584,660,000 after purchasing an additional 567,019 shares in the last quarter. 56.22% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction dated 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 approximately $4,338,245.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.
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 issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $83.18.
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 posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 EPS. On average, analysts anticipate 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 Monday, September 18th. Stockholders of record on Friday, August 18th were given a dividend of $0.89 per share. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio is currently 105.64%.
Duke Energy Corporation Company 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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