Duke Energy Corporation (DUK) Shares Bought by Assetmark Inc.
Assetmark Inc. increased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 520.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,103 shares of the utilities provider’s stock after buying an additional 52,094 shares during the period. Assetmark Inc.’s holdings in Duke Energy Corporation were worth $5,093,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wells Fargo & Company MN increased its stake in Duke Energy Corporation by 22.0% in the first quarter. Wells Fargo & Company MN now owns 3,640,404 shares of the utilities provider’s stock worth $298,551,000 after buying an additional 656,042 shares during the period. Swiss National Bank increased its stake in Duke Energy Corporation by 21.9% in the first quarter. Swiss National Bank now owns 3,093,691 shares of the utilities provider’s stock worth $253,714,000 after buying an additional 555,000 shares during the period. UBS Asset Management Americas Inc. increased its stake in Duke Energy Corporation by 11.1% in the first quarter. UBS Asset Management Americas Inc. now owns 2,984,715 shares of the utilities provider’s stock worth $244,776,000 after buying an additional 297,467 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Duke Energy Corporation by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,017,500 shares of the utilities provider’s stock worth $165,455,000 after buying an additional 5,834 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Duke Energy Corporation by 4.4% in the first quarter. Ameriprise Financial Inc. now owns 1,957,972 shares of the utilities provider’s stock worth $160,570,000 after buying an additional 82,805 shares during the period. Institutional investors own 55.79% of the company’s stock.
Duke Energy Corporation (NYSE DUK) traded down 0.03% during trading on Friday, hitting $86.48. The stock had a trading volume of 2,599,641 shares. The stock has a market cap of $60.53 billion, a PE ratio of 27.58 and a beta of 0.24. The firm’s 50-day moving average price is $84.87 and its 200-day moving average price is $82.44. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.87% and a net margin of 9.17%. The business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period last year, the company earned $1.07 earnings per share. Duke Energy Corporation’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts predict that Duke Energy Corporation will post $4.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.12%. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 109.27%.
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A number of analysts recently weighed in on the company. BMO Capital Markets restated a “hold” rating and issued a $81.00 price target on shares of Duke Energy Corporation in a research note on Friday, April 28th. BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Barclays PLC restated an “equal weight” rating and issued a $88.00 price target (up from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Zacks Investment Research raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Deutsche Bank AG lifted their price objective on Duke Energy Corporation from $81.00 to $83.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Duke Energy Corporation presently has an average rating of “Hold” and an average price target of $82.36.
In other Duke Energy Corporation news, Director John H. Forsgren sold 2,190 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $82.86, for a total transaction of $181,463.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director E Marie Mckee sold 1,937 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. 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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