Community Bank of Raymore continued to hold its position in shares of Duke Energy Corp. (NYSE:DUK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,916 shares of the company’s stock at the end of the second quarter. Duke Energy Corp. accounts for 0.8% of Community Bank of Raymore’s holdings, making the stock its 22nd largest position. Community Bank of Raymore’s holdings in Duke Energy Corp. were worth $1,621,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. State Street Corp increased its position in shares of Duke Energy Corp. by 7.1% in the first quarter. State Street Corp now owns 33,751,418 shares of the company’s stock worth $2,723,058,000 after buying an additional 2,230,071 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Duke Energy Corp. by 12.7% in the first quarter. BlackRock Fund Advisors now owns 10,906,718 shares of the company’s stock worth $879,954,000 after buying an additional 1,229,979 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Duke Energy Corp. during the second quarter worth about $73,310,000. Renaissance Technologies LLC increased its position in shares of Duke Energy Corp. by 25.2% in the first quarter. Renaissance Technologies LLC now owns 4,016,967 shares of the company’s stock worth $324,089,000 after buying an additional 808,700 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its position in shares of Duke Energy Corp. by 5,854.6% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 552,761 shares of the company’s stock worth $47,421,000 after buying an additional 543,478 shares during the last quarter. 56.56% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Corp. (NYSE:DUK) remained flat at $77.09 during midday trading on Thursday. The stock had a trading volume of 5,137,591 shares. Duke Energy Corp. has a 12 month low of $65.50 and a 12 month high of $87.75. The firm’s 50 day moving average price is $80.39 and its 200 day moving average price is $81.21. The company has a market cap of $53.11 billion, a P/E ratio of 20.38 and a beta of 0.13.
Duke Energy Corp. (NYSE:DUK) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period last year, the business earned $0.95 EPS. On average, equities analysts anticipate that Duke Energy Corp. will post $4.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 12th were issued a $0.855 dividend. This represents a $3.42 dividend on an annualized basis and a dividend yield of 4.44%. This is a positive change from Duke Energy Corp.’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, August 10th. Duke Energy Corp.’s dividend payout ratio (DPR) is presently 90.24%.
A number of equities research analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of Duke Energy Corp. from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Zacks Investment Research raised shares of Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Tuesday, July 12th. Argus reissued a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, July 26th. Howard Weil boosted their price objective on shares of Duke Energy Corp. from $78.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. Finally, SunTrust Banks Inc. dropped their price objective on shares of Duke Energy Corp. from $83.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $80.23.
In other news, EVP Douglas F. Esamann sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $84.58, for a total value of $253,740.00. Following the sale, the executive vice president now directly owns 50,609 shares in the company, valued at approximately $4,280,509.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.
About Duke Energy Corp.
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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