Signet Financial Management LLC continued to hold its position in Duke Energy Corporation (NYSE:DUK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,733 shares of the utilities provider’s stock at the close of the second quarter. Signet Financial Management LLC’s holdings in Duke Energy Corporation were worth $981,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of DUK. Mason Street Advisors LLC grew its stake in shares of Duke Energy Corporation by 2.6% in the 1st quarter. Mason Street Advisors LLC now owns 96,681 shares of the utilities provider’s stock worth $7,929,000 after buying an additional 2,437 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Duke Energy Corporation by 6.1% in the 1st quarter. Pacer Advisors Inc. now owns 14,932 shares of the utilities provider’s stock worth $1,225,000 after buying an additional 856 shares during the last quarter. Nordea Investment Management AB boosted its stake in Duke Energy Corporation by 14.4% during the 1st quarter. Nordea Investment Management AB now owns 31,486 shares of the utilities provider’s stock valued at $2,582,000 after purchasing an additional 3,954 shares during the last quarter. Bruderman Asset Management LLC boosted its stake in Duke Energy Corporation by 145.6% during the 1st quarter. Bruderman Asset Management LLC now owns 59,490 shares of the utilities provider’s stock valued at $4,879,000 after purchasing an additional 35,266 shares during the last quarter. Finally, Trust Co. of Toledo NA OH boosted its stake in Duke Energy Corporation by 1.9% during the 1st quarter. Trust Co. of Toledo NA OH now owns 21,684 shares of the utilities provider’s stock valued at $1,778,000 after purchasing an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.
DUK has been the topic of several recent analyst reports. Zacks Investment Research downgraded Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BMO Capital Markets reiterated a “hold” rating and set a $87.00 target price (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Deutsche Bank AG reiterated a “hold” rating and set a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Finally, Morgan Stanley increased their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $86.90.
Duke Energy Corporation (NYSE DUK) opened at $91.09 on Wednesday. Duke Energy Corporation has a twelve month low of $72.34 and a twelve month high of $91.14. The company has a market capitalization of $62,913.80, a price-to-earnings ratio of 20.20, a P/E/G ratio of 4.91 and a beta of 0.26. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17.
Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period last year, the firm earned $1.68 EPS. Duke Energy Corporation’s revenue for the quarter was down 1.4% compared to the same quarter last year. analysts anticipate that Duke Energy Corporation will post 4.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 3.91%. Duke Energy Corporation’s dividend payout ratio is currently 117.49%.
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In related news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is currently owned by company insiders.
Duke Energy Corporation Company 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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