WealthTrust Axiom LLC lowered its position in shares of Duke Energy Corp (NYSE:DUK) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 15,634 shares of the utilities provider’s stock after selling 100 shares during the period. WealthTrust Axiom LLC’s holdings in Duke Energy Corp were worth $1,282,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in DUK. Berkeley Capital Partners LLC raised its stake in shares of Duke Energy Corp by 0.4% in the third quarter. Berkeley Capital Partners LLC now owns 5,543 shares of the utilities provider’s stock worth $444,000 after buying an additional 20 shares during the last quarter. Glenview State Bank Trust DEPT. raised its stake in shares of Duke Energy Corp by 2.8% in the third quarter. Glenview State Bank Trust DEPT. now owns 4,535 shares of the utilities provider’s stock worth $363,000 after buying an additional 125 shares during the last quarter. SignalPoint Asset Management LLC raised its stake in shares of Duke Energy Corp by 15.1% in the third quarter. SignalPoint Asset Management LLC now owns 4,220 shares of the utilities provider’s stock worth $338,000 after buying an additional 553 shares during the last quarter. Physicians Financial Services Inc. raised its stake in shares of Duke Energy Corp by 1.3% in the third quarter. Physicians Financial Services Inc. now owns 20,549 shares of the utilities provider’s stock worth $1,644,000 after buying an additional 255 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Duke Energy Corp by 87.6% in the third quarter. Stratos Wealth Partners LTD. now owns 38,994 shares of the utilities provider’s stock worth $3,121,000 after buying an additional 18,209 shares during the last quarter. Institutional investors own 57.01% of the company’s stock.
Duke Energy Corp (NYSE:DUK) opened at 84.30 on Wednesday. The firm’s 50-day moving average is $82.75 and its 200-day moving average is $79.30. The stock has a market cap of $59.00 billion, a P/E ratio of 26.88 and a beta of 0.14. 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 issued its quarterly earnings results on Tuesday, May 9th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.01. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corp had a net margin of 12.27% and a return on equity of 8.20%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 earnings per share. Equities research analysts predict that Duke Energy Corp will post $4.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 19th will be given a dividend of $0.855 per share. This represents a $3.42 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Wednesday, May 17th. This is a boost from Duke Energy Corp’s previous quarterly dividend of $0.19. Duke Energy Corp’s dividend payout ratio is currently 82.61%.
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A number of equities research analysts recently weighed in on DUK shares. Credit Suisse Group AG started coverage on shares of Duke Energy Corp in a report on Wednesday, January 25th. They set a “neutral” rating and a $81.00 price objective for the company. Vetr upgraded shares of Duke Energy Corp from a “hold” rating to a “buy” rating and set a $80.10 price objective for the company in a report on Monday, January 30th. Zacks Investment Research lowered shares of Duke Energy Corp from a “hold” rating to a “sell” rating in a report on Monday, February 13th. Barclays PLC reiterated a “neutral” rating on shares of Duke Energy Corp in a report on Sunday, February 19th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $86.00 price objective on shares of Duke Energy Corp in a report on Friday, March 17th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Duke Energy Corp has an average rating of “Hold” and an average target price of $81.19.
In other news, EVP Julia S. Janson sold 10,000 shares of the stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $81.78, for a total transaction of $817,800.00. Following the sale, the executive vice president now owns 37,175 shares of the company’s stock, valued at $3,040,171.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John H. Forsgren sold 2,190 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $82.86, for a total transaction of $181,463.40. The disclosure for this sale can be found here. Insiders have sold 37,790 shares of company stock worth $3,097,173 in the last three months. Corporate insiders own 0.08% of the company’s stock.
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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