V Wealth Advisors LLC lowered its position in Duke Energy Corp (NYSE:DUK) by 7.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,279 shares of the utilities provider’s stock after selling 417 shares during the quarter. V Wealth Advisors LLC’s holdings in Duke Energy were worth $421,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Watson Rebecca purchased a new stake in Duke Energy in the 2nd quarter worth about $26,000. Vigilant Capital Management LLC purchased a new stake in Duke Energy in the 2nd quarter worth about $28,000. Pathstone Family Office LLC purchased a new stake in Duke Energy in the 1st quarter worth about $29,000. TRUE Private Wealth Advisors increased its holdings in Duke Energy by 127.1% in the 1st quarter. TRUE Private Wealth Advisors now owns 402 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 225 shares during the last quarter. Finally, Burt Wealth Advisors increased its holdings in Duke Energy by 32.6% in the 1st quarter. Burt Wealth Advisors now owns 533 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 131 shares during the last quarter. 64.03% of the stock is owned by institutional investors.
DUK has been the subject of several analyst reports. UBS Group cut their target price on Duke Energy from $113.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Morgan Stanley raised their target price on Duke Energy from $89.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Seaport Global Securities initiated coverage on Duke Energy in a research note on Tuesday, June 9th. They issued a “neutral” rating for the company. Bank of America restated a “neutral” rating and issued a $83.00 target price (down previously from $93.00) on shares of Duke Energy in a research note on Wednesday, May 13th. Finally, Wells Fargo & Co cut their target price on Duke Energy from $108.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Duke Energy presently has an average rating of “Hold” and a consensus price target of $93.93.
Duke Energy (NYSE:DUK) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $6.24 billion. Duke Energy had a net margin of 15.17% and a return on equity of 8.13%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS. As a group, analysts predict that Duke Energy Corp will post 5.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be issued a dividend of $0.965 per share. This represents a $3.86 dividend on an annualized basis and a dividend yield of 4.56%. This is a boost from Duke Energy’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, August 13th. Duke Energy’s dividend payout ratio (DPR) is currently 74.70%.
In related news, SVP Harry K. Sideris sold 1,285 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $80.42, for a total transaction of $103,339.70. Following the transaction, the senior vice president now directly owns 5,396 shares of the company’s stock, valued at approximately $433,946.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Dwight L. Jacobs sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.11, for a total value of $126,165.00. Following the transaction, the senior vice president now directly owns 5,191 shares in the company, valued at $436,615.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,557 shares of company stock worth $292,856. 0.11% of the stock is currently 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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