Bender Robert & Associates Decreases Stake in Duke Energy Corporation (DUK)
Bender Robert & Associates decreased its position in Duke Energy Corporation (NYSE:DUK) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,757 shares of the utilities provider’s stock after selling 130 shares during the quarter. Bender Robert & Associates’ holdings in Duke Energy Corporation were worth $230,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of DUK. S. R. Schill & Associates increased its stake in shares of Duke Energy Corporation by 0.5% during the second quarter. S. R. Schill & Associates now owns 7,629 shares of the utilities provider’s stock worth $638,000 after purchasing an additional 37 shares during the period. Pinnacle Financial Partners Inc. lifted its holdings in Duke Energy Corporation by 51.5% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 57,569 shares of the utilities provider’s stock worth $4,813,000 after purchasing an additional 19,564 shares during the last quarter. OLD Republic International Corp lifted its holdings in Duke Energy Corporation by 0.6% during the 2nd quarter. OLD Republic International Corp now owns 427,495 shares of the utilities provider’s stock worth $35,734,000 after purchasing an additional 2,400 shares during the last quarter. Accredited Investors Inc. lifted its holdings in Duke Energy Corporation by 0.7% during the 2nd quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 19 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its holdings in Duke Energy Corporation by 2.6% during the 2nd quarter. United Asset Strategies Inc. now owns 19,843 shares of the utilities provider’s stock worth $1,659,000 after purchasing an additional 510 shares during the last quarter. 56.22% of the stock is currently owned by institutional investors.
Shares of Duke Energy Corporation (DUK) opened at 83.92 on Monday. The firm has a market cap of $58.74 billion, a price-to-earnings ratio of 24.86 and a beta of 0.24. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.40. The company’s 50 day moving average is $86.74 and its 200 day moving average is $84.41.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 EPS. Analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Friday, August 18th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Wednesday, August 16th. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s payout ratio is presently 105.64%.
A number of research analysts have commented on DUK shares. Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub raised Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $82.00 to $85.00 in a research report on Monday, June 26th. Morgan Stanley reissued an “equal weight” rating and issued a $87.00 target price (down previously from $91.00) on shares of Duke Energy Corporation in a research report on Monday, July 10th. Finally, KeyCorp restated a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $83.05.
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 sale, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.07% of the stock is owned by insiders.
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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