Capital Investment Advisory Services LLC Has $2.11 Million Stake in Duke Energy Corporation (DUK)
Capital Investment Advisory Services LLC boosted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,184 shares of the utilities provider’s stock after acquiring an additional 1,564 shares during the quarter. Duke Energy Corporation comprises 1.4% of Capital Investment Advisory Services LLC’s investment portfolio, making the stock its 14th biggest holding. Capital Investment Advisory Services LLC’s holdings in Duke Energy Corporation were worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Winfield Associates Inc. raised its stake in shares of Duke Energy Corporation by 14.3% during the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after buying an additional 165 shares in the last quarter. Jolley Asset Management LLC raised its stake in shares of 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 worth $125,000 after buying an additional 313 shares in the last quarter. Daiwa SB Investments Ltd. purchased a new position in shares of Duke Energy Corporation during the 2nd quarter worth approximately $130,000. North Star Investment Management Corp. raised its stake in shares of Duke Energy Corporation by 26.2% during the 1st 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 in the last quarter. Finally, Advantage Investment Management LLC raised its stake in shares of Duke Energy Corporation by 37.4% during the 1st 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 in the last quarter. 56.22% of the stock is owned by institutional investors.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.07% of the company’s stock.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Royal Bank Of Canada reissued a “buy” rating and set a $87.00 price target on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. Morgan Stanley raised their price target on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. KeyCorp restated a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Finally, Deutsche Bank AG restated a “hold” rating and set a $84.00 price objective (up previously from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $83.18.
Shares of Duke Energy Corporation (NYSE DUK) opened at 84.25 on Friday. The stock has a market capitalization of $58.97 billion, a price-to-earnings ratio of 24.96 and a beta of 0.25. The stock’s 50 day moving average price is $86.74 and its 200-day moving average price is $84.41. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $88.40.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. The firm had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $1.07 earnings per share. Equities analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 18th were given a $0.89 dividend. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is 105.64%.
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Duke Energy Corporation 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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