Envestnet Asset Management Inc. boosted its position in shares of Duke Energy Corp (NYSE:DUK) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,247 shares of the utilities provider’s stock after acquiring an additional 8,971 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Duke Energy were worth $9,193,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WINTON GROUP Ltd raised its position in Duke Energy by 8.9% during the first quarter. WINTON GROUP Ltd now owns 8,790 shares of the utilities provider’s stock worth $681,000 after acquiring an additional 721 shares in the last quarter. Boothe Investment Group Inc. acquired a new position in shares of Duke Energy in the second quarter valued at $420,000. Zimmer Partners LP increased its holdings in shares of Duke Energy by 939.3% in the first quarter. Zimmer Partners LP now owns 7,110,600 shares of the utilities provider’s stock valued at $550,858,000 after purchasing an additional 6,426,400 shares during the last quarter. Community Bank & Trust Waco Texas increased its holdings in shares of Duke Energy by 59.0% in the second quarter. Community Bank & Trust Waco Texas now owns 7,400 shares of the utilities provider’s stock valued at $585,000 after purchasing an additional 2,745 shares during the last quarter. Finally, American Research & Management Co. acquired a new position in shares of Duke Energy in the second quarter valued at $1,158,000. 59.06% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Melissa H. Anderson sold 500 shares of the company’s 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 sale, the executive vice president now owns 15,096 shares of the company’s stock, valued at $1,234,248.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Dhiaa M. Jamil sold 4,279 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $81.54, for a total transaction of $348,909.66. The disclosure for this sale can be found here. Insiders sold 11,779 shares of company stock worth $956,650 over the last 90 days. 0.07% of the stock is currently owned by corporate insiders.
DUK stock opened at $83.47 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.66. Duke Energy Corp has a 52 week low of $71.96 and a 52 week high of $91.80. The stock has a market capitalization of $59.26 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 3.80 and a beta of 0.04.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.08). Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the company posted $1.01 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. analysts predict that Duke Energy Corp will post 4.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 17th will be paid a $0.9275 dividend. The ex-dividend date is Thursday, August 16th. This is an increase from Duke Energy’s previous quarterly dividend of $0.89. This represents a $3.71 annualized dividend and a dividend yield of 4.44%. Duke Energy’s dividend payout ratio is 81.18%.
Several research firms have commented on DUK. 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. ValuEngine upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Guggenheim reiterated a “buy” rating and issued a $86.00 price objective on shares of Duke Energy in a report on Friday, August 17th. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Wednesday, July 25th. Finally, Morgan Stanley decreased their price objective on shares of Duke Energy from $84.00 to $79.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $83.69.
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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