Duke Energy Corp. (DUK) Shares Sold by Sii Investments Inc. WI
Sii Investments Inc. WI reduced its position in Duke Energy Corp. (NYSE:DUK) by 18.2% during the second quarter, Holdings Channel reports. The firm owned 9,299 shares of the company’s stock after selling 2,069 shares during the period. Sii Investments Inc. WI’s holdings in Duke Energy Corp. were worth $796,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Duke Energy Corp. by 7.1% in the first quarter. State Street Corp now owns 33,751,418 shares of the company’s stock worth $2,723,058,000 after buying an additional 2,230,071 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Duke Energy Corp. by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 18,587,523 shares of the company’s stock worth $1,499,641,000 after buying an additional 69,871 shares during the period. BlackRock Fund Advisors increased its stake in Duke Energy Corp. by 12.7% in the first quarter. BlackRock Fund Advisors now owns 10,906,718 shares of the company’s stock worth $879,954,000 after buying an additional 1,229,979 shares during the period. Geode Capital Management LLC increased its stake in Duke Energy Corp. by 4.9% in the first quarter. Geode Capital Management LLC now owns 5,869,684 shares of the company’s stock worth $472,652,000 after buying an additional 271,750 shares during the period. Finally, BlackRock Group LTD increased its stake in Duke Energy Corp. by 1.1% in the first quarter. BlackRock Group LTD now owns 5,765,816 shares of the company’s stock worth $465,186,000 after buying an additional 65,018 shares during the period. Hedge funds and other institutional investors own 56.77% of the company’s stock.
Duke Energy Corp. (NYSE:DUK) traded up 0.34% during trading on Tuesday, hitting $80.73. 403,265 shares of the stock were exchanged. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.75. The stock has a 50 day moving average price of $81.62 and a 200-day moving average price of $81.00. The firm has a market capitalization of $55.62 billion, a PE ratio of 21.34 and a beta of 0.06.
Duke Energy Corp. (NYSE:DUK) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period last year, the firm earned $0.95 earnings per share. On average, equities research analysts anticipate that Duke Energy Corp. will post $4.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 12th were paid a $0.855 dividend. The ex-dividend date was Wednesday, August 10th. This is a boost from Duke Energy Corp.’s previous quarterly dividend of $0.83. This represents a $3.42 dividend on an annualized basis and a yield of 4.25%. Duke Energy Corp.’s dividend payout ratio (DPR) is presently 90.24%.
DUK has been the subject of a number of research analyst reports. Mizuho restated a “neutral” rating and issued a $75.00 target price on shares of Duke Energy Corp. in a research report on Thursday, June 30th. Zacks Investment Research upgraded Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Tuesday, July 12th. Scotiabank restated a “sector perform” rating and issued a $88.00 target price (up from $78.00) on shares of Duke Energy Corp. in a research report on Wednesday, August 10th. Argus restated a “hold” rating on shares of Duke Energy Corp. in a research report on Wednesday, September 14th. Finally, SunTrust Banks Inc. cut their price objective on Duke Energy Corp. from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, September 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $79.91.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $84.58, for a total value of $253,740.00. Following the transaction, the executive vice president now directly owns 50,609 shares of the company’s stock, valued at $4,280,509.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.
About Duke Energy Corp.
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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