Duke Energy Corporation (DUK) Holdings Decreased by Frontier Wealth Management LLC
Frontier Wealth Management LLC cut its stake in shares of Duke Energy Corporation (NYSE:DUK) by 4.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,491 shares of the utilities provider’s stock after selling 290 shares during the period. Frontier Wealth Management LLC’s holdings in Duke Energy Corporation were worth $543,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Winfield Associates Inc. increased its position in shares of Duke Energy Corporation by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 165 shares during the last quarter. Jolley Asset Management LLC increased its position in shares of Duke Energy Corporation by 26.4% during the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. purchased a new position in shares of Duke Energy Corporation in the second quarter valued at approximately $130,000. Jacobi Capital Management LLC boosted its stake in shares of Duke Energy Corporation by 104.1% in the first 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 period. Finally, Camarda Financial Advisors LLC boosted its stake in shares of Duke Energy Corporation by 357.1% in the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 1,664 shares during the period. Institutional investors and hedge funds own 56.27% of the company’s stock.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s 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 sale, the executive vice president now owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by company insiders.
Several research analysts have recently commented on DUK shares. Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Friday, July 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 price objective on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. BidaskClub raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Morgan Stanley raised their price objective on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Finally, KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $86.90.
Duke Energy Corporation (NYSE:DUK) opened at $88.89 on Friday. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $89.74. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The stock has a market cap of $62,738.81, a P/E ratio of 20.14, a P/E/G ratio of 4.90 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. equities research analysts forecast that Duke Energy Corporation will post 4.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.00%. Duke Energy Corporation’s payout ratio is currently 117.49%.
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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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