Duke Energy Corporation (DUK) Position Reduced by KBC Group NV
KBC Group NV lowered its position in shares of Duke Energy Corporation (NYSE:DUK) by 14.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,678 shares of the utilities provider’s stock after selling 23,202 shares during the period. KBC Group NV’s holdings in Duke Energy Corporation were worth $11,676,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Winfield Associates Inc. grew its stake in Duke Energy Corporation by 14.3% in 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 grew its stake in Duke Energy Corporation by 26.4% in 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 Duke Energy Corporation in the 2nd quarter worth approximately $130,000. Advantage Investment Management LLC grew its stake in Duke Energy Corporation by 37.4% in 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. Finally, Massmutual Trust Co. FSB ADV grew its stake in Duke Energy Corporation by 84.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock worth $152,000 after buying an additional 848 shares in the last quarter. 56.22% of the stock is owned by institutional investors.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were 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 $4,338,245.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.
Shares of Duke Energy Corporation (NYSE DUK) opened at 84.29 on Friday. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $88.40. The stock has a 50 day moving average of $86.15 and a 200-day moving average of $84.65. The stock has a market cap of $59.00 billion, a PE ratio of 24.97 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period last year, the firm posted $1.07 earnings per share. Duke Energy Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, August 18th were issued a $0.89 dividend. The ex-dividend date was Wednesday, August 16th. 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 4.22%. Duke Energy Corporation’s dividend payout ratio (DPR) is 105.64%.
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A number of research firms have commented on DUK. Morgan Stanley boosted their price target on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a research note on Wednesday. BMO Capital Markets reissued a “hold” rating and issued a $87.00 price target (up previously from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Zacks Investment Research raised shares of 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. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $84.00 price target (up previously from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $83.31.
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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