South Texas Money Management Ltd. Grows Holdings in Duke Energy Corporation (DUK)
South Texas Money Management Ltd. boosted its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,346 shares of the utilities provider’s stock after purchasing an additional 36 shares during the quarter. South Texas Money Management Ltd.’s holdings in Duke Energy Corporation were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Winfield Associates Inc. increased its holdings in Duke Energy Corporation by 14.3% during the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 165 shares during the period. Jolley Asset Management LLC increased its holdings in Duke Energy Corporation by 26.4% during the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 313 shares during the period. Daiwa SB Investments Ltd. purchased a new position in Duke Energy Corporation during the 2nd quarter worth $130,000. Jacobi Capital Management LLC increased its holdings in Duke Energy Corporation by 104.1% during the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock worth $164,000 after purchasing an additional 1,010 shares during the period. Finally, Camarda Financial Advisors LLC increased its holdings in Duke Energy Corporation by 357.1% during the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after purchasing an additional 1,664 shares during the period. Institutional investors own 56.21% of the company’s stock.
Shares of Duke Energy Corporation (DUK) opened at $88.52 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.62 and a quick ratio of 0.35. The stock has a market capitalization of $61,959.57, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 4.82 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 EPS. research analysts anticipate that Duke Energy Corporation will post 4.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be given a $0.89 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.02%. Duke Energy Corporation’s payout ratio is 117.49%.
Several research firms have commented on DUK. Zacks Investment Research upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 30th. BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Bank of America Corporation reiterated a “neutral” rating and issued a $92.00 price target on shares of Duke Energy Corporation in a report on Tuesday, October 24th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $88.00 price target on shares of Duke Energy Corporation in a report on Thursday, October 12th. Finally, Morgan Stanley lifted their price target on Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $86.25.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the sale, the executive vice president now 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 the SEC website. 0.07% of the stock is owned by company insiders.
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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