Brown Advisory Securities LLC Raises Position in Duke Energy Corp (DUK)
Brown Advisory Securities LLC increased its position in Duke Energy Corp (NYSE:DUK) by 13.7% during the first quarter, Holdings Channel reports. The firm owned 22,006 shares of the utilities provider’s stock after buying an additional 2,656 shares during the period. Brown Advisory Securities LLC’s holdings in Duke Energy Corp were worth $1,806,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in DUK. Pinnacle Bank bought a new position in shares of Duke Energy Corp during the first quarter worth approximately $104,000. North Star Investment Management Corp. boosted its position in shares of Duke Energy Corp by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after buying an additional 322 shares during the period. Advantage Investment Management LLC boosted its position in shares of Duke Energy Corp by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after buying an additional 462 shares during the period. Nicolet Bankshares Inc. boosted its position in shares of Duke Energy Corp by 379.2% in the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock worth $142,000 after buying an additional 1,369 shares during the period. Finally, Baystate Wealth Management LLC bought a new position in shares of Duke Energy Corp during the first quarter worth approximately $142,000. 55.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Duke Energy Corp (NYSE:DUK) traded down 0.78% during midday trading on Friday, hitting $85.72. The stock had a trading volume of 494,249 shares. The company has a market cap of $60.00 billion, a PE ratio of 25.39 and a beta of 0.24. The company’s 50 day moving average is $84.80 and its 200 day moving average is $82.78. Duke Energy Corp has a 52-week low of $72.34 and a 52-week high of $87.75.
Duke Energy Corp (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.01. The firm had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corp had a return on equity of 6.69% and a net margin of 12.44%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. On average, analysts anticipate that Duke Energy Corp will post $4.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a $0.89 dividend. This is a boost from Duke Energy Corp’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.12%. Duke Energy Corp’s dividend payout ratio (DPR) is presently 101.48%.
A number of equities analysts have commented on DUK shares. Goldman Sachs Group, Inc. (The) raised Duke Energy Corp 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. Zacks Investment Research raised Duke Energy Corp from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Friday, July 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $87.00 price target (down from $91.00) on shares of Duke Energy Corp in a research note on Monday, July 10th. Barclays PLC reaffirmed an “equal weight” rating and issued a $88.00 price target (up from $82.00) on shares of Duke Energy Corp in a research note on Sunday, April 23rd. Finally, BidaskClub raised Duke Energy Corp from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $82.71.
In other news, Director E Marie Mckee sold 1,937 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total value of $165,206.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore F. Craver, Jr. acquired 3,500 shares of the stock in a transaction dated Monday, May 15th. The stock was acquired at an average cost of $83.73 per share, with a total value of $293,055.00. Following the transaction, the director now directly owns 5,706 shares in the company, valued at $477,763.38. The disclosure for this purchase can be found here. 0.07% of the stock is owned by company insiders.
Duke Energy Corp 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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