First Dallas Securities Inc. reduced its position in Duke Energy Corp. (NYSE:DUK) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,444 shares of the company’s stock after selling 1,070 shares during the period. Duke Energy Corp. comprises approximately 1.4% of First Dallas Securities Inc.’s investment portfolio, making the stock its 19th largest position. First Dallas Securities Inc.’s holdings in Duke Energy Corp. were worth $1,754,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of DUK. Jolley Asset Management LLC raised 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 in the last quarter. Benjamin F. Edwards & Company Inc. raised 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 in the last quarter. Carnick & Kubik LLC purchased a new position in shares of Duke Energy Corp. during the first quarter worth approximately $113,000. Mercer Capital Advisers Inc. raised 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 in the last quarter. Finally, Parasol Investment Management LLC raised 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 in the last quarter. Hedge funds and other institutional investors own 56.56% of the company’s stock.
Duke Energy Corp. (NYSE:DUK) traded down 0.97% on Thursday, reaching $80.31. 2,898,863 shares of the company’s stock traded hands. The firm’s 50-day moving average is $80.84 and its 200 day moving average is $81.21. The stock has a market capitalization of $55.33 billion, a PE ratio of 21.23 and a beta of 0.06. Duke Energy Corp. has a 52-week low of $65.50 and a 52-week high of $87.75.
Duke Energy Corp. (NYSE:DUK) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.06. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.71 billion. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. During the same period last year, the business posted $0.95 EPS. Analysts forecast that Duke Energy Corp. will post $4.59 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 12th were given a $0.855 dividend. This represents a $3.42 annualized dividend and a yield of 4.26%. This is a positive change from Duke Energy Corp.’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Wednesday, August 10th. Duke Energy Corp.’s dividend payout ratio (DPR) is currently 90.24%.
A number of equities analysts have commented on the stock. Howard Weil boosted their price objective 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. SunTrust Banks Inc. cut their price objective on shares of Duke Energy Corp. from $83.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday, August 29th. Citigroup Inc. upped their target price on shares of Duke Energy Corp. from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, July 20th. Zacks Investment Research upgraded shares of Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Thursday, September 15th. Finally, Argus restated a “hold” rating on shares of Duke Energy Corp. in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $80.57.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 50,609 shares in the company, valued at approximately $4,280,509.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by company 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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