Benedict Financial Advisors Inc. decreased its position in shares of Duke Energy Corp. (NYSE:DUK) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,853 shares of the company’s stock after selling 364 shares during the period. Duke Energy Corp. comprises 1.5% of Benedict Financial Advisors Inc.’s investment portfolio, making the stock its 27th largest position. Benedict Financial Advisors Inc.’s holdings in Duke Energy Corp. were worth $2,642,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Jolley Asset Management LLC increased its position in shares of Duke Energy Corp. by 9.1% in the second quarter. Jolley Asset Management LLC now owns 1,186 shares of the company’s stock worth $102,000 after buying an additional 99 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Duke Energy Corp. by 8.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,250 shares of the company’s stock worth $107,000 after buying an additional 100 shares during the last quarter. Carnick & Kubik LLC acquired a new position in shares of Duke Energy Corp. during the first quarter worth $113,000. Mercer Capital Advisers Inc. increased its position in shares of Duke Energy Corp. by 394.2% in the second quarter. Mercer Capital Advisers Inc. now owns 1,705 shares of the company’s stock worth $146,000 after buying an additional 1,360 shares during the last quarter. Finally, Parasol Investment Management LLC increased its position in shares of Duke Energy Corp. by 2.8% in the second quarter. Parasol Investment Management LLC now owns 1,815 shares of the company’s stock worth $156,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 56.56% of the company’s stock.
Shares of Duke Energy Corp. (NYSE:DUK) traded down 2.06% on Tuesday, reaching $77.46. 3,491,927 shares of the company traded hands. The firm has a market capitalization of $53.36 billion, a P/E ratio of 20.48 and a beta of 0.13. Duke Energy Corp. has a 1-year low of $65.50 and a 1-year high of $87.75. The stock has a 50-day moving average price of $80.49 and a 200 day moving average price of $81.24.
Duke Energy Corp. (NYSE:DUK) last issued its earnings results on Thursday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.06. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the company posted $0.95 earnings per share. Analysts anticipate that Duke Energy Corp. will post $4.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 12th were issued a $0.855 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $3.42 annualized dividend and a yield of 4.42%. This is a boost from Duke Energy Corp.’s previous quarterly dividend of $0.83. Duke Energy Corp.’s dividend payout ratio (DPR) is currently 90.24%.
A number of equities research analysts recently commented on DUK shares. Mizuho reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Duke Energy Corp. in a report on Thursday, June 30th. Zacks Investment Research raised shares of Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Tuesday, July 12th. Citigroup Inc. lifted their price target on shares of Duke Energy Corp. from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, July 26th. Finally, Howard Weil lifted their price target on shares of Duke Energy Corp. from $78.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $80.23.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $84.58, for a total value of $253,740.00. Following the transaction, the executive vice president now directly owns 50,609 shares in the company, valued at $4,280,509.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.
Duke Energy Corp. Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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