Meeder Asset Management Inc. acquired a new position in Duke Energy Corp (NYSE:DUK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 886 shares of the utilities provider’s stock, valued at approximately $78,000.
Other hedge funds have also recently bought and sold shares of the company. CWM LLC lifted its holdings in Duke Energy by 66.6% in the second quarter. CWM LLC now owns 168,361 shares of the utilities provider’s stock valued at $14,856,000 after acquiring an additional 67,306 shares during the last quarter. Redwood Investment Management LLC purchased a new stake in shares of Duke Energy during the first quarter worth $274,000. Carroll Financial Associates Inc. increased its position in shares of Duke Energy by 2.8% during the second quarter. Carroll Financial Associates Inc. now owns 142,486 shares of the utilities provider’s stock worth $12,573,000 after acquiring an additional 3,927 shares during the period. CENTRAL TRUST Co increased its position in shares of Duke Energy by 9.2% during the second quarter. CENTRAL TRUST Co now owns 46,421 shares of the utilities provider’s stock worth $4,152,000 after acquiring an additional 3,915 shares during the period. Finally, First Citizens Bank & Trust Co. increased its position in shares of Duke Energy by 1.7% during the second quarter. First Citizens Bank & Trust Co. now owns 65,415 shares of the utilities provider’s stock worth $5,772,000 after acquiring an additional 1,085 shares during the period. Institutional investors own 60.40% of the company’s stock.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,700 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $91.05, for a total value of $154,785.00. Following the completion of the transaction, the senior vice president now owns 4,891 shares in the company, valued at $445,325.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.
NYSE DUK opened at $92.50 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.71 and a quick ratio of 0.47. Duke Energy Corp has a 1 year low of $78.00 and a 1 year high of $92.84. The company has a market capitalization of $67.14 billion, a PE ratio of 19.60, a P/E/G ratio of 3.73 and a beta of 0.12. The company has a fifty day moving average of $89.01 and a two-hundred day moving average of $88.97.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Duke Energy’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, research analysts expect that Duke Energy Corp will post 4.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be paid a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s dividend payout ratio is currently 80.08%.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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