Mutual of America Capital Management LLC Acquires 629 Shares of Duke Energy Corporation (DUK)
Mutual of America Capital Management LLC lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,322 shares of the utilities provider’s stock after purchasing an additional 629 shares during the period. Mutual of America Capital Management LLC’s holdings in Duke Energy Corporation were worth $7,132,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Winfield Associates Inc. lifted its holdings in Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after buying an additional 165 shares during the period. Jolley Asset Management LLC lifted its holdings in Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares during the period. Daiwa SB Investments Ltd. acquired a new position in Duke Energy Corporation in the second quarter valued at $130,000. Jacobi Capital Management LLC lifted its holdings in Duke Energy Corporation by 104.1% in the first quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after buying an additional 1,010 shares during the period. Finally, Camarda Financial Advisors LLC lifted its holdings in Duke Energy Corporation by 357.1% in the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after buying an additional 1,664 shares during the period. Institutional investors own 56.21% of the company’s stock.
Several research firms recently issued reports on DUK. BMO Capital Markets restated a “hold” rating and issued a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Tuesday, July 11th. Morgan Stanley boosted their target price on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Citigroup Inc upped their price objective on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $84.00 price objective (up previously from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $86.25.
Shares of Duke Energy Corporation (NYSE DUK) opened at $88.52 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.35 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $61.99 billion, a PE ratio of 19.51, a PEG ratio of 4.83 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.64 by ($0.05). Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. equities analysts predict that Duke Energy Corporation will post 4.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s payout ratio is 105.64%.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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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