Duke Energy Corporation (DUK) Stake Boosted by Community Financial Services Group LLC
Community Financial Services Group LLC raised its stake in Duke Energy Corporation (NYSE:DUK) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,504 shares of the utilities provider’s stock after buying an additional 248 shares during the period. Community Financial Services Group LLC’s holdings in Duke Energy Corporation were worth $3,567,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Pinnacle Bank acquired a new position in Duke Energy Corporation during the first quarter valued at $104,000. North Star Investment Management Corp. increased its position in Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock valued at $127,000 after buying an additional 322 shares during the last quarter. Advantage Investment Management LLC increased its position in Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after buying an additional 462 shares during the last quarter. Nicolet Bankshares Inc. increased its position in Duke Energy Corporation by 379.2% in the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock valued at $142,000 after buying an additional 1,369 shares during the last quarter. Finally, Baystate Wealth Management LLC acquired a new position in Duke Energy Corporation during the first quarter valued at $142,000. Institutional investors and hedge funds own 55.41% of the company’s stock.
Duke Energy Corporation (DUK) traded up 0.41% during mid-day trading on Tuesday, reaching $86.47. The company had a trading volume of 422,169 shares. The stock has a 50 day moving average of $84.79 and a 200 day moving average of $82.99. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $87.75. The stock has a market capitalization of $60.52 billion, a price-to-earnings ratio of 25.61 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.01. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. Analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.89 per share. The ex-dividend date is Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.13%. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s payout ratio is 101.48%.
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Several research firms have weighed in on DUK. BMO Capital Markets restated a “hold” rating and issued a $81.00 price target on shares of Duke Energy Corporation in a research note on Friday, April 28th. BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Barclays PLC restated an “equal weight” rating and issued a $88.00 price target (up from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Zacks Investment Research upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $82.71.
In other Duke Energy Corporation news, Director E Marie Mckee sold 1,937 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total transaction of $165,206.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.
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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