Strs Ohio decreased its stake in shares of Duke Energy Corp (NYSE:DUK) by 1.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 539,356 shares of the utilities provider’s stock after selling 8,611 shares during the quarter. Strs Ohio owned about 0.08% of Duke Energy worth $42,652,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Ashfield Capital Partners LLC raised its holdings in Duke Energy by 20.7% during the first quarter. Ashfield Capital Partners LLC now owns 13,412 shares of the utilities provider’s stock worth $1,039,000 after buying an additional 2,303 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Duke Energy by 3.2% during the first quarter. Wells Fargo & Company MN now owns 3,667,525 shares of the utilities provider’s stock worth $284,122,000 after buying an additional 114,386 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Duke Energy by 7.4% during the first quarter. Daiwa Securities Group Inc. now owns 32,635 shares of the utilities provider’s stock worth $2,528,000 after buying an additional 2,246 shares during the last quarter. D.B. Root & Company LLC raised its holdings in Duke Energy by 20.4% during the first quarter. D.B. Root & Company LLC now owns 11,072 shares of the utilities provider’s stock worth $858,000 after buying an additional 1,876 shares during the last quarter. Finally, Biondo Investment Advisors LLC raised its holdings in Duke Energy by 5.8% during the first quarter. Biondo Investment Advisors LLC now owns 41,576 shares of the utilities provider’s stock worth $3,257,000 after buying an additional 2,266 shares during the last quarter. Hedge funds and other institutional investors own 58.20% of the company’s stock.
DUK has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 price objective on the stock in a report on Monday, July 23rd. SunTrust Banks reiterated a “hold” rating and issued a $82.00 target price on shares of Duke Energy in a research note on Monday, April 23rd. Barclays assumed coverage on shares of Duke Energy in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $86.00 target price for the company. ValuEngine lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. Finally, Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Wednesday, May 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $83.63.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.08). The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.61 billion. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. Duke Energy’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. analysts forecast that Duke Energy Corp will post 4.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 17th will be given a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $3.71 annualized dividend and a yield of 4.57%. This is a positive change from Duke Energy’s previous quarterly dividend of $0.89. Duke Energy’s dividend payout ratio is presently 77.90%.
In related news, EVP Melissa H. Anderson sold 500 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $81.76, for a total transaction of $40,880.00. Following the completion of the transaction, the executive vice president now owns 15,096 shares in the company, valued at $1,234,248.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.
Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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