Stratos Wealth Partners LTD. Acquires 1,708 Shares of Duke Energy Corporation (DUK)
Stratos Wealth Partners LTD. raised its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,164 shares of the utilities provider’s stock after purchasing an additional 1,708 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Duke Energy Corporation were worth $3,775,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in DUK. First Bank & Trust grew its stake in shares of Duke Energy Corporation by 5.3% in the 1st quarter. First Bank & Trust now owns 21,897 shares of the utilities provider’s stock worth $1,796,000 after acquiring an additional 1,106 shares in the last quarter. Alerus Financial NA grew its stake in shares of Duke Energy Corporation by 0.3% in the 1st quarter. Alerus Financial NA now owns 30,944 shares of the utilities provider’s stock worth $2,538,000 after acquiring an additional 79 shares in the last quarter. Enterprise Financial Services Corp grew its stake in shares of Duke Energy Corporation by 3.2% in the 1st quarter. Enterprise Financial Services Corp now owns 4,481 shares of the utilities provider’s stock worth $367,000 after acquiring an additional 139 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Duke Energy Corporation in the 1st quarter worth $214,000. Finally, Wetherby Asset Management Inc. grew its stake in shares of Duke Energy Corporation by 1.8% in the 1st quarter. Wetherby Asset Management Inc. now owns 7,545 shares of the utilities provider’s stock worth $619,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 56.22% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) opened at 85.16 on Friday. The company’s 50-day moving average is $86.74 and its 200 day moving average is $84.41. The company has a market cap of $59.61 billion, a price-to-earnings ratio of 25.23 and a beta of 0.25. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.40.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period last year, the company earned $1.07 EPS. Duke Energy Corporation’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, August 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.18%. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 105.64%.
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DUK has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. BidaskClub lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Goldman Sachs Group, Inc. (The) upgraded shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $87.00 target price (down previously from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $83.18.
In related news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction dated 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 directly owns 50,316 shares in the company, valued at approximately $4,338,245.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is currently owned by company insiders.
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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