Savant Capital LLC raised its position in shares of Duke Energy Corp. (NYSE:DUK) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,554 shares of the company’s stock after buying an additional 280 shares during the period. Savant Capital LLC’s holdings in Duke Energy Corp. were worth $991,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp increased its position in 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 in the last quarter. BlackRock Fund Advisors increased its position in 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 in the last quarter. Bank of Montreal Can purchased a new position in Duke Energy Corp. during the second quarter worth approximately $73,310,000. Renaissance Technologies LLC increased its position in 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 in the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its position in 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 in the last quarter. 56.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Duke Energy Corp. (NYSE:DUK) traded down 0.67% during trading on Friday, hitting $76.57. The stock had a trading volume of 4,537,993 shares. Duke Energy Corp. has a 52 week low of $65.50 and a 52 week high of $87.75. The stock’s 50 day moving average is $80.26 and its 200 day moving average is $81.18. The stock has a market capitalization of $52.75 billion, a price-to-earnings ratio of 20.24 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 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 company earned $5.10 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter last year, the company earned $0.95 EPS. On average, equities research analysts expect 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. Shareholders of record on Friday, August 12th were given a $0.855 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $3.42 dividend on an annualized basis and a dividend yield of 4.47%. This is an increase from Duke Energy Corp.’s previous quarterly dividend of $0.83. Duke Energy Corp.’s dividend payout ratio (DPR) is currently 90.24%.
DUK has been the topic of a number of research analyst reports. Zacks Investment Research raised Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Tuesday, July 12th. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a report on Wednesday, September 14th. SunTrust Banks Inc. increased their target price on Duke Energy Corp. from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, September 26th. Mizuho increased their target price on Duke Energy Corp. from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Finally, Citigroup Inc. increased their price target on Duke Energy Corp. from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 20th. One 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 stock. Duke Energy Corp. has a consensus rating of “Hold” and an average price target of $80.23.
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 company 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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