Putnam Investments LLC raised its position in shares of Duke Energy Corp (NYSE:DUK) by 22.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 256,809 shares of the utilities provider’s stock after acquiring an additional 46,905 shares during the quarter. Putnam Investments LLC’s holdings in Duke Energy were worth $20,308,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of DUK. Millennium Management LLC boosted its position in shares of Duke Energy by 23.2% in the 2nd quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock worth $137,648,000 after purchasing an additional 328,285 shares in the last quarter. PointState Capital LP bought a new position in Duke Energy in the 2nd quarter valued at approximately $49,727,000. Centaurus Financial Inc. lifted its position in Duke Energy by 191.7% in the 2nd quarter. Centaurus Financial Inc. now owns 6,681 shares of the utilities provider’s stock valued at $528,000 after acquiring an additional 4,391 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in Duke Energy by 4.3% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 490,072 shares of the utilities provider’s stock valued at $38,755,000 after acquiring an additional 20,400 shares in the last quarter. Finally, AE Wealth Management LLC lifted its position in Duke Energy by 91.7% in the 2nd quarter. AE Wealth Management LLC now owns 53,175 shares of the utilities provider’s stock valued at $4,205,000 after acquiring an additional 25,434 shares in the last quarter. 58.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of DUK opened at $81.92 on Wednesday. The firm has a market cap of $58.20 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 3.73 and a beta of 0.04. The company has a quick ratio of 0.41, a current ratio of 0.66 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.80.
Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.08). The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 earnings per share. sell-side analysts expect that Duke Energy Corp will post 4.72 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 17th were paid a dividend of $0.9275 per share. The ex-dividend date of this dividend was Thursday, August 16th. This is a positive change from Duke Energy’s previous quarterly dividend of $0.89. This represents a $3.71 dividend on an annualized basis and a yield of 4.53%. Duke Energy’s payout ratio is currently 81.18%.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. ValuEngine raised Duke Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Wells Fargo & Co upped their price objective on Duke Energy from $86.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday. Morgan Stanley upped their price objective on Duke Energy from $86.00 to $91.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. Finally, Howard Weil assumed coverage on Duke Energy in a research report on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $84.44.
In other Duke Energy news, COO Dhiaa M. Jamil sold 4,279 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total transaction of $348,909.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melissa H. Anderson sold 500 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $81.76, for a total transaction of $40,880.00. Following the sale, the executive vice president now owns 15,096 shares of the company’s stock, valued at $1,234,248.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,779 shares of company stock valued at $956,650. Company insiders own 0.08% of the company’s stock.
Duke Energy 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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