Shelton Capital Management reduced its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 14.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,779 shares of the utilities provider’s stock after selling 2,419 shares during the quarter. Shelton Capital Management’s holdings in Duke Energy Corporation were worth $1,235,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of DUK. Winfield Associates Inc. raised its stake in shares of Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after buying an additional 165 shares during the period. Jolley Asset Management LLC raised its stake in shares of Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares during the period. Daiwa SB Investments Ltd. bought a new stake in shares of Duke Energy Corporation in the second quarter valued at $130,000. Jacobi Capital Management LLC raised its stake in shares of Duke Energy Corporation by 104.1% in the first quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after buying an additional 1,010 shares during the period. Finally, Camarda Financial Advisors LLC raised its stake in shares of Duke Energy Corporation by 357.1% in the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after buying an additional 1,664 shares during the period. Institutional investors and hedge funds own 56.29% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) opened at $91.09 on Wednesday. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $91.14. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The company has a market capitalization of $62,913.80, a PE ratio of 20.20, a P/E/G ratio of 4.91 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the prior year, the business earned $1.68 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities research analysts predict that Duke Energy Corporation will post 4.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s payout ratio is currently 117.49%.
DUK has been the topic of several research reports. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. BidaskClub upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. ValuEngine upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Duke Energy Corporation presently has an average rating of “Hold” and a consensus target price of $86.90.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
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Duke Energy Corporation Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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