Duke Energy Corporation (DUK) Holdings Trimmed by Rikoon Group LLC
Rikoon Group LLC decreased its holdings in Duke Energy Corporation (NYSE:DUK) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,067 shares of the utilities provider’s stock after selling 192 shares during the quarter. Rikoon Group LLC’s holdings in Duke Energy Corporation were worth $339,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of DUK. Advisory Services Network LLC grew its stake in shares of Duke Energy Corporation by 22.1% during the 2nd quarter. Advisory Services Network LLC now owns 13,312 shares of the utilities provider’s stock valued at $1,113,000 after purchasing an additional 2,407 shares during the period. Beaton Management Co. Inc. bought a new stake in shares of Duke Energy Corporation during the 2nd quarter valued at about $234,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Duke Energy Corporation during the 2nd quarter valued at about $738,000. WINTON GROUP Ltd grew its stake in shares of Duke Energy Corporation by 215.6% during the 2nd quarter. WINTON GROUP Ltd now owns 11,554 shares of the utilities provider’s stock valued at $966,000 after purchasing an additional 7,893 shares during the period. Finally, North Star Asset Management Inc. grew its stake in shares of Duke Energy Corporation by 6.4% during the 2nd quarter. North Star Asset Management Inc. now owns 3,347 shares of the utilities provider’s stock valued at $280,000 after purchasing an additional 200 shares during the period. 56.30% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the company. ValuEngine upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Morgan Stanley boosted their price target on 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. SunTrust Banks, Inc. restated a “hold” rating and set a $90.00 price target on shares of Duke Energy Corporation in a research note on Monday, November 6th. BMO Capital Markets restated a “hold” rating and set a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Finally, Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $86.90.
In other Duke Energy Corporation news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.07% of the company’s stock.
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Duke Energy Corporation (NYSE DUK) opened at $88.81 on Wednesday. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week 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 firm has a market capitalization of $62,059.84, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 4.85 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the prior year, the company posted $1.68 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities analysts anticipate that Duke Energy Corporation will post 4.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a yield of 4.01%. Duke Energy Corporation’s payout ratio is 117.49%.
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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