Rowland & Co. Investment Counsel ADV grew its position in shares of Duke Energy Corp (NYSE:DUK) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,903 shares of the utilities provider’s stock after buying an additional 475 shares during the quarter. Rowland & Co. Investment Counsel ADV’s holdings in Duke Energy were worth $2,382,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Thor Advisors LLC purchased a new stake in shares of Duke Energy during the 1st quarter worth approximately $30,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Duke Energy during the 2nd quarter worth approximately $34,000. Ellevest Inc. increased its stake in shares of Duke Energy by 334.8% during the 2nd quarter. Ellevest Inc. now owns 400 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 308 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Duke Energy by 65.5% during the 2nd quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 167 shares during the last quarter. Finally, Glassman Wealth Services increased its stake in shares of Duke Energy by 35.2% during the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 117 shares during the last quarter. 60.27% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on DUK shares. Barclays decreased their price target on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 18th. Citigroup decreased their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. ValuEngine lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Credit Suisse Group raised their price target on shares of Duke Energy from $95.00 to $98.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price target for the company. in a research note on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Duke Energy has a consensus rating of “Hold” and an average price target of $92.78.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.14. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.76 billion. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. On average, research analysts predict that Duke Energy Corp will post 4.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 16th were given a dividend of $0.945 per share. This is a positive change from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Thursday, August 15th. Duke Energy’s payout ratio is 80.08%.
In other Duke Energy news, EVP Douglas F. Esamann sold 4,430 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $92.44, for a total value of $409,509.20. Following the completion of the sale, the executive vice president now directly owns 64,722 shares of the company’s stock, valued at $5,982,901.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lloyd M. Yates sold 20,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $90.81, for a total transaction of $1,816,200.00. Following the transaction, the executive vice president now directly owns 41,154 shares of the company’s stock, valued at $3,737,194.74. The disclosure for this sale can be found here. Insiders have sold a total of 26,581 shares of company stock valued at $2,422,653 over the last 90 days. Company insiders own 0.09% of the company’s stock.
About Duke Energy
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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