Park National Corp OH Sells 15,792 Shares of Duke Energy Corp. (DUK)
Park National Corp OH decreased its position in Duke Energy Corp. (NYSE:DUK) by 13.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 101,541 shares of the company’s stock after selling 15,792 shares during the period. Park National Corp OH’s holdings in Duke Energy Corp. were worth $8,128,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Fulton Bank N.A. boosted its position in Duke Energy Corp. by 4.4% in the second quarter. Fulton Bank N.A. now owns 43,713 shares of the company’s stock valued at $3,751,000 after buying an additional 1,824 shares during the period. Iowa State Bank boosted its position in Duke Energy Corp. by 4.1% in the second quarter. Iowa State Bank now owns 38,782 shares of the company’s stock valued at $3,327,000 after buying an additional 1,525 shares during the period. First Republic Investment Management Inc. boosted its position in Duke Energy Corp. by 26.7% in the first quarter. First Republic Investment Management Inc. now owns 331,757 shares of the company’s stock valued at $26,767,000 after buying an additional 69,943 shares during the period. Cypress Capital Group boosted its position in Duke Energy Corp. by 6.8% in the first quarter. Cypress Capital Group now owns 4,201 shares of the company’s stock valued at $339,000 after buying an additional 266 shares during the period. Finally, Energy Income Partners LLC acquired a new position in Duke Energy Corp. during the first quarter valued at approximately $22,871,000. Institutional investors own 56.79% of the company’s stock.
Shares of Duke Energy Corp. (NYSE:DUK) traded down 0.37% during trading on Friday, reaching $73.60. The company had a trading volume of 4,450,492 shares. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.75. The company has a market cap of $50.71 billion, a P/E ratio of 17.80 and a beta of 0.13. The firm has a 50-day moving average of $78.36 and a 200-day moving average of $80.86.
Duke Energy Corp. (NYSE:DUK) last released its earnings results on Friday, November 4th. The company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.10. Duke Energy Corp. had a net margin of 12.27% and a return on equity of 8.20%. The business earned $6.43 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the company earned $1.47 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that Duke Energy Corp. will post $4.67 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 18th will be paid a $0.855 dividend. This represents a $3.42 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Wednesday, November 16th. Duke Energy Corp.’s payout ratio is presently 82.61%.
Several research firms recently commented on DUK. Howard Weil cut their price target on Duke Energy Corp. from $88.00 to $83.00 and set a “sector perform” rating on the stock in a research note on Monday, November 7th. SunTrust Banks Inc. cut their price target on Duke Energy Corp. from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, September 12th. Mizuho boosted their price target on Duke Energy Corp. from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Argus restated a “hold” rating on shares of Duke Energy Corp. in a research note on Tuesday, July 26th. Finally, Scotiabank restated a “sector perform” rating and set a $88.00 price objective (up previously from $78.00) on shares of Duke Energy Corp. in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $80.04.
In related news, Director John H. Forsgren bought 1,000 shares of Duke Energy Corp. stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average price of $77.80 per share, for a total transaction of $77,800.00. Following the completion of the purchase, the director now owns 1,165 shares in the company, valued at $90,637. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by corporate insiders.
About Duke Energy Corp.
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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