Wealthfront Inc. Has $1.75 Million Stake in Duke Energy Corporation (DUK)
Wealthfront Inc. grew its stake in shares of Duke Energy Corporation (NYSE:DUK) by 36.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,951 shares of the utilities provider’s stock after purchasing an additional 5,567 shares during the period. Wealthfront Inc.’s holdings in Duke Energy Corporation were worth $1,751,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Winfield Associates Inc. lifted its holdings in shares of Duke Energy Corporation by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 165 shares during the last quarter. Jolley Asset Management LLC lifted its holdings in shares of Duke Energy Corporation by 26.4% during the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. purchased a new stake in shares of Duke Energy Corporation during the second quarter valued at $130,000. Jacobi Capital Management LLC lifted its holdings in shares of Duke Energy Corporation by 104.1% during the first quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Camarda Financial Advisors LLC lifted its holdings in shares of Duke Energy Corporation by 357.1% during the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 1,664 shares during the last quarter. 56.27% of the stock is owned by institutional investors and hedge funds.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the company’s 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 transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.
Several brokerages have recently commented on DUK. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $90.00 target price on shares of Duke Energy Corporation in a report on Monday. Zacks Investment Research raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Bank of America Corporation reaffirmed a “neutral” rating and set a $92.00 target price on shares of Duke Energy Corporation in a report on Tuesday, October 24th. Citigroup Inc. upped their target price on Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. Finally, J P Morgan Chase & Co upped their target price on Duke Energy Corporation from $83.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $86.38.
Duke Energy Corporation (DUK) opened at $88.52 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $61,961.84, a price-to-earnings ratio of 19.89, a PEG ratio of 4.83 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the firm posted $1.68 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. equities research analysts predict that Duke Energy Corporation will post 4.57 EPS for the current year.
The company also recently announced 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 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s payout ratio is currently 117.49%.
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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