Kohmann Bosshard Financial Services LLC bought a new position in Duke Energy Corp (NYSE:DUK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,972 shares of the utilities provider’s stock, valued at approximately $350,000.

A number of other hedge funds also recently modified their holdings of DUK. OLD Second National Bank of Aurora boosted its stake in shares of Duke Energy by 4.1% during the 1st quarter. OLD Second National Bank of Aurora now owns 2,920 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 114 shares during the last quarter. Glassman Wealth Services lifted its stake in shares of Duke Energy by 35.2% during the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock valued at $40,000 after buying an additional 117 shares in the last quarter. Atlas Brown Inc. lifted its stake in shares of Duke Energy by 1.4% during the 1st quarter. Atlas Brown Inc. now owns 9,063 shares of the utilities provider’s stock valued at $816,000 after buying an additional 123 shares in the last quarter. Intl Fcstone Inc. lifted its stake in shares of Duke Energy by 3.8% during the 1st quarter. Intl Fcstone Inc. now owns 3,400 shares of the utilities provider’s stock valued at $306,000 after buying an additional 125 shares in the last quarter. Finally, Buckhead Capital Management LLC lifted its stake in shares of Duke Energy by 0.4% during the 1st quarter. Buckhead Capital Management LLC now owns 31,618 shares of the utilities provider’s stock valued at $2,846,000 after buying an additional 125 shares in the last quarter. Institutional investors own 60.10% of the company’s stock.

In other Duke Energy news, SVP Dwight L. Jacobs sold 1,700 shares of Duke Energy stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $85.92, for a total transaction of $146,064.00. Following the completion of the sale, the senior vice president now directly owns 6,091 shares in the company, valued at $523,338.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lloyd M. Yates sold 5,117 shares of Duke Energy stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total transaction of $451,319.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,598 shares of company stock valued at $752,989. Company insiders own 0.09% of the company’s stock.

A number of analysts have issued reports on the stock. Morgan Stanley set a $18.00 price target on shares of PG&E and gave the company a “hold” rating in a report on Friday, June 14th. JPMorgan Chase & Co. set a $90.00 price target on shares of Duke Energy and gave the company a “hold” rating in a report on Monday, May 20th. Barclays downgraded shares of to an “underweight” rating and set a GBX 4,400 ($57.49) price target on the stock. in a report on Tuesday, June 18th. KeyCorp assumed coverage on shares of Southern in a report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Finally, Bank of America upgraded shares of Copa from a “neutral” rating to a “buy” rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Duke Energy presently has an average rating of “Hold” and a consensus price target of $90.44.

Shares of NYSE DUK traded down $0.47 during trading hours on Tuesday, hitting $87.68. 2,615,779 shares of the stock were exchanged, compared to its average volume of 3,204,586. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.49 and a current ratio of 0.75. The firm has a market capitalization of $63.90 billion, a P/E ratio of 18.58, a PEG ratio of 3.71 and a beta of 0.14. The firm’s fifty day simple moving average is $88.37. Duke Energy Corp has a 12 month low of $78.00 and a 12 month high of $91.67.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.39 billion. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The company’s revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share. Research analysts predict that Duke Energy Corp will post 4.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be given a dividend of $0.945 per share. The ex-dividend date is Thursday, August 15th. This is a boost from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.31%. Duke Energy’s dividend payout ratio (DPR) is currently 78.60%.

Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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

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