Level Four Advisory Services LLC boosted its position in shares of Duke Energy Corporation (NYSE:DUK) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,972 shares of the utilities provider’s stock after buying an additional 957 shares during the period. Level Four Advisory Services LLC’s holdings in Duke Energy Corporation were worth $2,318,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in DUK. Pinnacle Bank purchased a new stake in Duke Energy Corporation during the first quarter worth approximately $104,000. North Star Investment Management Corp. boosted its stake in Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after buying an additional 322 shares in the last quarter. Advantage Investment Management LLC boosted its stake in Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after buying an additional 462 shares in the last quarter. Nicolet Bankshares Inc. boosted its stake in Duke Energy Corporation by 379.2% in the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock worth $142,000 after buying an additional 1,369 shares in the last quarter. Finally, Baystate Wealth Management LLC purchased a new stake in Duke Energy Corporation during the first quarter worth approximately $142,000. Institutional investors and hedge funds own 55.60% of the company’s stock.
Shares of Duke Energy Corporation (NYSE:DUK) traded down 0.34% during trading on Thursday, hitting $85.91. The stock had a trading volume of 383,388 shares. The firm has a 50-day moving average of $84.80 and a 200 day moving average of $82.76. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. The company has a market capitalization of $60.13 billion, a P/E ratio of 25.45 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Equities research analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a dividend of $0.89 per share. The ex-dividend date is Wednesday, August 16th. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.13%. Duke Energy Corporation’s payout ratio is presently 101.48%.
A number of analysts recently commented on DUK shares. Goldman Sachs Group, Inc. (The) upgraded shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $82.00 to $85.00 in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Friday, July 21st. Morgan Stanley restated an “equal weight” rating and issued a $87.00 price objective (down previously from $91.00) on shares of Duke Energy Corporation in a research report on Monday, July 10th. Barclays PLC reiterated an “equal weight” rating and set a $88.00 target price (up previously from $82.00) on shares of Duke Energy Corporation in a report on Sunday, April 23rd. Finally, BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Duke Energy Corporation currently has a consensus rating of “Hold” and an average target price of $82.58.
In other news, Director E Marie Mckee sold 1,937 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John H. Forsgren sold 2,190 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was 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 own 0.07% of the company’s stock.
About Duke Energy Corporation
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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