Duke Energy Corporation (DUK) Holdings Reduced by Stonebridge Capital Advisors LLC
Stonebridge Capital Advisors LLC cut its position in Duke Energy Corporation (NYSE:DUK) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,888 shares of the utilities provider’s stock after selling 115 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Duke Energy Corporation were worth $743,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Pinebridge Investments L.P. bought a new position in shares of Duke Energy Corporation in the second quarter worth about $500,000. Trust Co. of Virginia VA raised its stake in shares of Duke Energy Corporation by 11.5% in the second quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock worth $1,129,000 after acquiring an additional 1,392 shares during the last quarter. BlackRock Inc. raised its stake in shares of Duke Energy Corporation by 2,866.0% in the first 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. IBM Retirement Fund raised its stake in shares of Duke Energy Corporation by 122.4% in the second quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock worth $1,601,000 after acquiring an additional 9,432 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Duke Energy Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock worth $3,628,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.
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DUK has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $92.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, October 24th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Citigroup Inc. boosted their target price on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Finally, Morgan Stanley boosted their target price on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $86.90.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is owned by corporate insiders.
Shares of Duke Energy Corporation (NYSE:DUK) opened at $88.52 on Friday. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $91.80. 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 company has a market cap of $62,440.00, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 4.98 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 earnings per share. equities research analysts forecast that Duke Energy Corporation will post 4.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 93.44%.
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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