Duke Energy Corporation (DUK) Holdings Lifted by Dupont Capital Management Corp
Dupont Capital Management Corp boosted its position in shares of Duke Energy Corporation (NYSE:DUK) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,653 shares of the utilities provider’s stock after buying an additional 2,597 shares during the quarter. Dupont Capital Management Corp’s holdings in Duke Energy Corporation were worth $3,649,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DUK. Vanguard Group Inc. raised its stake in shares of Duke Energy Corporation by 4.1% in the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after acquiring an additional 1,918,598 shares during the period. BlackRock Inc. lifted its holdings in shares of Duke Energy Corporation by 2,866.0% in the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after acquiring an additional 41,268,968 shares during the last quarter. State Street Corp lifted its holdings in shares of Duke Energy Corporation by 1.3% in the 1st quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock worth $2,781,737,000 after acquiring an additional 451,100 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Duke Energy Corporation by 33.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock worth $772,704,000 after acquiring an additional 2,345,114 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Duke Energy Corporation by 8.6% in the 1st quarter. Geode Capital Management LLC now owns 7,138,784 shares of the utilities provider’s stock worth $584,660,000 after acquiring an additional 567,019 shares during the last quarter. 56.22% of the stock is owned by institutional investors.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. BidaskClub lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock 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 price objective (down previously from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $87.00 price objective (up previously from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $83.05.
Shares of Duke Energy Corporation (DUK) opened at 84.36 on Tuesday. The company has a 50 day moving average price of $86.34 and a 200 day moving average price of $84.64. The company has a market capitalization of $59.05 billion, a P/E ratio of 24.99 and a beta of 0.24. 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 quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.01. The business had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Equities analysts anticipate that Duke Energy Corporation will post $4.60 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors 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 4.22%. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date was Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is 105.64%.
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In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.
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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