Trust Co. of Virginia VA raised its position in shares of Duke Energy Corp (NYSE:DUK) by 3.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,013 shares of the utilities provider’s stock after purchasing an additional 333 shares during the period. Trust Co. of Virginia VA’s holdings in Duke Energy were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nvwm LLC grew its holdings in Duke Energy by 107.4% during the first quarter. Nvwm LLC now owns 15,174 shares of the utilities provider’s stock valued at $1,227,000 after purchasing an additional 7,858 shares during the period. Balentine LLC purchased a new stake in shares of Duke Energy during the first quarter worth $67,000. Carnegie Capital Asset Management LLC lifted its position in shares of Duke Energy by 3.6% during the second quarter. Carnegie Capital Asset Management LLC now owns 14,542 shares of the utilities provider’s stock worth $1,161,000 after acquiring an additional 505 shares in the last quarter. Balyasny Asset Management LLC purchased a new stake in shares of Duke Energy during the first quarter worth $3,508,000. Finally, Empirical Finance LLC lifted its position in shares of Duke Energy by 57.5% during the first quarter. Empirical Finance LLC now owns 4,163 shares of the utilities provider’s stock worth $337,000 after acquiring an additional 1,520 shares in the last quarter. 64.03% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. Bank of America restated a “neutral” rating and set a $83.00 target price (down previously from $93.00) on shares of Duke Energy in a research report on Wednesday, May 13th. Morgan Stanley increased their target price on Duke Energy from $89.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. UBS Group dropped their target price on Duke Energy from $113.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wells Fargo & Co dropped their target price on Duke Energy from $108.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. Finally, Seaport Global Securities assumed coverage on Duke Energy in a research report on Tuesday, June 9th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $93.93.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, May 12th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.05). The business had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6.24 billion. Duke Energy had a return on equity of 8.13% and a net margin of 15.17%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. On average, sell-side analysts forecast that Duke Energy Corp will post 5.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a $0.965 dividend. This represents a $3.86 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Thursday, August 13th. This is a boost from Duke Energy’s previous quarterly dividend of $0.95. Duke Energy’s dividend payout ratio is currently 74.70%.
In related news, SVP Harry K. Sideris sold 1,285 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $80.42, for a total value of $103,339.70. Following the transaction, the senior vice president now owns 5,396 shares of the company’s stock, valued at $433,946.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Dwight L. Jacobs sold 1,500 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.11, for a total value of $126,165.00. Following the completion of the transaction, the senior vice president now directly owns 5,191 shares in the company, valued at approximately $436,615.01. The disclosure for this sale can be found here. In the last three months, insiders sold 3,557 shares of company stock worth $292,856. 0.11% of the stock is owned by insiders.
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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