Shayne & CO. LLC Has $209,000 Stake in Duke Energy Corp (DUK)
Shayne & CO. LLC maintained its stake in shares of Duke Energy Corp (NYSE:DUK) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,500 shares of the utilities provider’s stock at the end of the second quarter. Duke Energy Corp comprises 0.2% of Shayne & CO. LLC’s holdings, making the stock its 24th largest position. Shayne & CO. LLC’s holdings in Duke Energy Corp were worth $209,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Pinnacle Bank acquired a new stake in shares of Duke Energy Corp during the first quarter worth approximately $104,000. Jolley Asset Management LLC increased its stake in shares of Duke Energy Corp by 26.4% in the second 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. acquired a new stake in shares of Duke Energy Corp during the second quarter worth approximately $130,000. North Star Investment Management Corp. increased its stake in shares of Duke Energy Corp by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after buying an additional 322 shares in the last quarter. Finally, Advantage Investment Management LLC increased its stake in shares of Duke Energy Corp by 37.4% in the first 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. 55.60% of the stock is owned by institutional investors and hedge funds.
Shares of Duke Energy Corp (NYSE DUK) traded down 1.40% on Friday, reaching $85.18. The company had a trading volume of 1,363,224 shares. The stock has a market capitalization of $59.62 billion, a PE ratio of 25.23 and a beta of 0.24. The company has a 50 day moving average price of $84.80 and a 200 day moving average price of $82.78. Duke Energy Corp has a 52-week low of $72.34 and a 52-week high of $87.75.
Duke Energy Corp (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corp had a net margin of 12.44% and a return on equity of 6.69%. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts anticipate that Duke Energy Corp will post $4.60 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.12%. This is a boost from Duke Energy Corp’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corp’s dividend payout ratio is 101.48%.
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A number of equities research analysts have recently commented on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $87.00 price objective (up previously from $85.00) on shares of Duke Energy Corp in a research report on Friday, August 4th. Morgan Stanley lifted their price objective on Duke Energy Corp from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday. Deutsche Bank AG reaffirmed a “hold” rating and issued a $84.00 price objective (up previously from $83.00) on shares of Duke Energy Corp in a research report on Wednesday. Zacks Investment Research raised Duke Energy Corp from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Tuesday, July 11th. Finally, BidaskClub raised Duke Energy Corp from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $82.71.
In other Duke Energy Corp news, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodore F. Craver, Jr. purchased 3,500 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $83.73 per share, with a total value of $293,055.00. Following the completion of the acquisition, the director now directly owns 5,706 shares of the company’s stock, valued at $477,763.38. The disclosure for this purchase can be found here. 0.07% of the stock is owned by corporate insiders.
Duke Energy Corp 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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