South Dakota Investment Council Has $2,173,000 Stake in Duke Energy Corporation (DUK)
South Dakota Investment Council maintained its position in shares of Duke Energy Corporation (NYSE:DUK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,500 shares of the utilities provider’s stock at the end of the first quarter. South Dakota Investment Council’s holdings in Duke Energy Corporation were worth $2,173,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DUK. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Duke Energy Corporation during the first quarter valued at approximately $833,000. Howe & Rusling Inc. increased its position in shares of Duke Energy Corporation by 32.6% in the first quarter. Howe & Rusling Inc. now owns 108,608 shares of the utilities provider’s stock valued at $8,907,000 after buying an additional 26,724 shares during the last quarter. OLD Second National Bank of Aurora increased its position in shares of Duke Energy Corporation by 3.8% in the first quarter. OLD Second National Bank of Aurora now owns 2,610 shares of the utilities provider’s stock valued at $214,000 after buying an additional 95 shares during the last quarter. Vicus Capital increased its position in shares of Duke Energy Corporation by 22.6% in the first quarter. Vicus Capital now owns 15,317 shares of the utilities provider’s stock valued at $1,256,000 after buying an additional 2,819 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its position in shares of Duke Energy Corporation by 1.7% in the first quarter. Capital Investment Advisors LLC now owns 45,748 shares of the utilities provider’s stock valued at $3,752,000 after buying an additional 752 shares during the last quarter. 55.41% of the stock is owned by hedge funds and other institutional investors.
Shares of Duke Energy Corporation (DUK) traded up 0.07% during trading on Monday, reaching $86.44. 330,490 shares of the company were exchanged. The company has a market capitalization of $60.50 billion, a price-to-earnings ratio of 25.60 and a beta of 0.24. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. The stock’s 50 day moving average is $84.90 and its 200 day moving average is $83.17.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the business earned $1.07 earnings per share. Duke Energy Corporation’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be given a dividend of $0.89 per share. The ex-dividend date is Wednesday, August 16th. This represents a $3.56 annualized dividend and a yield of 4.12%. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio (DPR) is 105.64%.
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DUK has been the subject of several analyst reports. Barclays PLC reissued an “equal weight” rating and issued a $88.00 price target (up from $82.00) on shares of Duke Energy Corporation in a report on Sunday, April 23rd. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $81.00 price objective on shares of Duke Energy Corporation in a report on Friday, April 28th. BidaskClub downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $82.00 to $85.00 in a report on Monday, June 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.71.
In other news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the sale, the executive vice president now owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The disclosure for this sale can be found here. 0.07% of the stock is 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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