Albion Financial Group UT Has $557,000 Position in Duke Energy Corporation (DUK)
Albion Financial Group UT maintained its position in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,662 shares of the utilities provider’s stock at the end of the second quarter. Albion Financial Group UT’s holdings in Duke Energy Corporation were worth $557,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in DUK. Winfield Associates Inc. raised its stake in Duke Energy Corporation by 14.3% during the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 165 shares during the last quarter. Jolley Asset Management LLC raised its stake in Duke Energy Corporation by 26.4% during the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new position in Duke Energy Corporation during the 2nd quarter valued at $130,000. Jacobi Capital Management LLC raised its stake in Duke Energy Corporation by 104.1% during the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Camarda Financial Advisors LLC increased its holdings in Duke Energy Corporation by 357.1% in the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after buying an additional 1,664 shares during the period. Hedge funds and other institutional investors own 56.29% of the company’s stock.
Shares of Duke Energy Corporation (DUK) opened at $88.52 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. Duke Energy Corporation has a fifty-two week low of $72.34 and a fifty-two week high of $91.80. The firm has a market cap of $61,961.88, a PE ratio of 19.89, a PEG ratio of 4.84 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. research analysts expect that Duke Energy Corporation will post 4.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s payout ratio is 117.49%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
Several equities research analysts have issued reports on the stock. ValuEngine raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Wednesday. Wolfe Research raised shares of Duke Energy Corporation from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a report on Tuesday, November 7th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $90.00 price target on shares of Duke Energy Corporation in a report on Monday, November 6th. Finally, Zacks Investment Research raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $86.90.
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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