United Asset Strategies Inc. Buys 510 Shares of Duke Energy Corporation (DUK)
United Asset Strategies Inc. increased its stake in Duke Energy Corporation (NYSE:DUK) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,843 shares of the utilities provider’s stock after acquiring an additional 510 shares during the period. United Asset Strategies Inc.’s holdings in Duke Energy Corporation were worth $1,659,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its position in Duke Energy Corporation by 37.5% in the second quarter. Advisors Asset Management Inc. now owns 113,688 shares of the utilities provider’s stock worth $9,503,000 after acquiring an additional 31,025 shares in the last quarter. Convergence Investment Partners LLC grew its position in Duke Energy Corporation by 5.5% in the second quarter. Convergence Investment Partners LLC now owns 15,673 shares of the utilities provider’s stock worth $1,310,000 after acquiring an additional 813 shares in the last quarter. UMB Bank N A MO grew its position in Duke Energy Corporation by 5.9% in the second quarter. UMB Bank N A MO now owns 260,761 shares of the utilities provider’s stock worth $21,797,000 after acquiring an additional 14,553 shares in the last quarter. CCM Investment Advisers LLC purchased a new position in Duke Energy Corporation in the second quarter worth about $5,013,000. Finally, IFC Holdings Incorporated FL grew its position in Duke Energy Corporation by 4.0% in the second quarter. IFC Holdings Incorporated FL now owns 16,697 shares of the utilities provider’s stock worth $1,396,000 after acquiring an additional 642 shares in the last quarter. Institutional investors own 56.22% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) opened at 83.92 on Friday. The stock has a market cap of $58.74 billion, a price-to-earnings ratio of 24.86 and a beta of 0.25. The firm’s 50 day moving average price is $86.74 and its 200 day moving average price is $84.41. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $88.40.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.01. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 EPS. On average, equities research analysts predict that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 18th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.24%. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 105.64%.
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In other news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s 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 sale, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by company insiders.
Several research analysts recently commented on DUK shares. Zacks Investment Research lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. BidaskClub upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Morgan Stanley lifted their price target on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. Finally, Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $82.00 to $85.00 in a research report on Monday, June 26th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Duke Energy Corporation currently has a consensus rating of “Hold” and a consensus target price of $83.05.
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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