Trust Co. of Vermont lifted its position in shares of Duke Energy Corp (NYSE:DUK) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,768 shares of the utilities provider’s stock after acquiring an additional 164 shares during the quarter. Trust Co. of Vermont’s holdings in Duke Energy were worth $1,568,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Redwood Investment Management LLC acquired a new position in shares of Duke Energy during the 1st quarter worth about $274,000. Prime Capital Investment Advisors LLC raised its holdings in Duke Energy by 3.9% in the 1st quarter. Prime Capital Investment Advisors LLC now owns 5,545 shares of the utilities provider’s stock valued at $499,000 after acquiring an additional 209 shares during the last quarter. Carroll Financial Associates Inc. raised its holdings in Duke Energy by 2.8% in the 2nd quarter. Carroll Financial Associates Inc. now owns 142,486 shares of the utilities provider’s stock valued at $12,573,000 after acquiring an additional 3,927 shares during the last quarter. CENTRAL TRUST Co raised its holdings in Duke Energy by 9.2% in the 2nd quarter. CENTRAL TRUST Co now owns 46,421 shares of the utilities provider’s stock valued at $4,152,000 after acquiring an additional 3,915 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its holdings in Duke Energy by 1.7% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 65,415 shares of the utilities provider’s stock valued at $5,772,000 after acquiring an additional 1,085 shares during the last quarter. 60.01% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Lloyd M. Yates sold 5,117 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total value of $451,319.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dwight L. Jacobs sold 1,700 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $85.92, for a total transaction of $146,064.00. Following the completion of the sale, the senior vice president now directly owns 6,091 shares of the company’s stock, valued at approximately $523,338.72. The disclosure for this sale can be found here. In the last three months, insiders sold 8,598 shares of company stock valued at $752,989. Corporate insiders own 0.09% of the company’s stock.
Shares of Duke Energy stock traded down $0.64 during mid-day trading on Wednesday, hitting $88.28. The stock had a trading volume of 122,315 shares, compared to its average volume of 2,428,429. The firm’s 50-day simple moving average is $88.48. Duke Energy Corp has a 12-month low of $78.00 and a 12-month high of $91.67. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25. The company has a market cap of $64.85 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 3.68 and a beta of 0.12.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.14. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities research analysts anticipate that Duke Energy Corp will post 4.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be paid a $0.945 dividend. This is a boost from Duke Energy’s previous quarterly dividend of $0.93. The ex-dividend date is Thursday, August 15th. This represents a $3.78 annualized dividend and a dividend yield of 4.28%. Duke Energy’s dividend payout ratio is 78.60%.
A number of analysts have commented on the stock. Citigroup cut their price objective on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Bank of America downgraded shares of Duke Energy from a “neutral” rating to an “underperform” rating in a report on Monday, May 13th. JPMorgan Chase & Co. set a $90.00 price objective on shares of Duke Energy and gave the company a “hold” rating in a report on Monday, May 20th. Finally, Barclays cut their price objective on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $91.50.
About Duke Energy
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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