MU Investments Co. Ltd. lowered its stake in Duke Energy Corp. (NYSE:DUK) by 42.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the company’s stock after selling 1,100 shares during the period. MU Investments Co. Ltd.’s holdings in Duke Energy Corp. were worth $126,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. Tiemann Investment Advisors LLC increased its stake in Duke Energy Corp. by 13.7% in the first quarter. Tiemann Investment Advisors LLC now owns 6,242 shares of the company’s stock valued at $504,000 after buying an additional 750 shares in the last quarter. Virginia Retirement System acquired a new stake in Duke Energy Corp. during the first quarter valued at about $15,746,000. Nisa Investment Advisors L.L.C. increased its stake in Duke Energy Corp. by 7.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 72,451 shares of the company’s stock valued at $5,845,000 after buying an additional 4,810 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in Duke Energy Corp. during the first quarter valued at about $1,218,000. Finally, Aperio Group LLC increased its stake in Duke Energy Corp. by 18.9% in the first quarter. Aperio Group LLC now owns 285,389 shares of the company’s stock valued at $23,025,000 after buying an additional 45,289 shares in the last quarter. Institutional investors own 56.56% of the company’s stock.
Shares of Duke Energy Corp. (NYSE:DUK) traded down 0.34% during mid-day trading on Friday, hitting $80.04. The stock had a trading volume of 3,883,040 shares. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.75. The stock has a market cap of $55.14 billion, a price-to-earnings ratio of 21.16 and a beta of 0.06. The firm’s 50-day moving average price is $80.73 and its 200 day moving average price is $81.22.
Duke Energy Corp. (NYSE:DUK) last issued its earnings results on Thursday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.06. Duke Energy Corp. had a return on equity of 7.85% and a net margin of 11.39%. The business earned $5.10 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the firm posted $0.95 EPS. Equities analysts forecast that Duke Energy Corp. will post $4.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 12th were issued a $0.855 dividend. The ex-dividend date was Wednesday, August 10th. This is a boost from Duke Energy Corp.’s previous quarterly dividend of $0.83. This represents a $3.42 dividend on an annualized basis and a dividend yield of 4.27%. Duke Energy Corp.’s dividend payout ratio is presently 90.24%.
Several equities research analysts have issued reports on the company. Argus restated a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, July 26th. Zacks Investment Research upgraded Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a report on Tuesday, July 12th. Mizuho reiterated a “neutral” rating and issued a $75.00 price target on shares of Duke Energy Corp. in a report on Thursday, June 30th. Citigroup Inc. boosted their price target on Duke Energy Corp. from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, July 20th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $88.00 price target (up from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $80.57.
In other news, EVP Douglas F. Esamann sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total value of $253,740.00. Following the completion of the transaction, the executive vice president now directly owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is owned by insiders.
Duke Energy Corp. Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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