Duke Energy Corporation (DUK) Stake Increased by Azimuth Capital Management LLC
Azimuth Capital Management LLC raised its stake in Duke Energy Corporation (NYSE:DUK) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,335 shares of the utilities provider’s stock after buying an additional 182 shares during the period. Azimuth Capital Management LLC’s holdings in Duke Energy Corporation were worth $5,686,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its stake in Duke Energy Corporation by 0.6% in the first quarter. Retirement Systems of Alabama now owns 338,181 shares of the utilities provider’s stock valued at $27,734,000 after buying an additional 2,092 shares during the last quarter. Hermes Investment Management Ltd. boosted its stake in Duke Energy Corporation by 2.0% in the first quarter. Hermes Investment Management Ltd. now owns 99,229 shares of the utilities provider’s stock valued at $8,138,000 after buying an additional 1,938 shares during the last quarter. Hexavest Inc. boosted its stake in Duke Energy Corporation by 4.4% in the first quarter. Hexavest Inc. now owns 780,241 shares of the utilities provider’s stock valued at $63,988,000 after buying an additional 32,947 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Duke Energy Corporation by 19.5% in the first quarter. State of Alaska Department of Revenue now owns 127,933 shares of the utilities provider’s stock valued at $10,491,000 after buying an additional 20,909 shares during the last quarter. Finally, Rothschild Investment Corp IL boosted its stake in Duke Energy Corporation by 0.3% in the first quarter. Rothschild Investment Corp IL now owns 48,836 shares of the utilities provider’s stock valued at $4,005,000 after buying an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 55.41% of the company’s stock.
Shares of Duke Energy Corporation (DUK) traded up 0.53% on Friday, hitting $87.23. The stock had a trading volume of 1,708,883 shares. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. The company has a market capitalization of $61.06 billion, a PE ratio of 25.84 and a beta of 0.24. The firm has a 50-day moving average of $85.34 and a 200 day moving average of $83.50.
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. On average, equities analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal 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 of this dividend is Wednesday, August 16th. This represents a $3.56 annualized dividend and a yield of 4.08%. 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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Several research firms have weighed in on DUK. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Thursday. Deutsche Bank AG restated 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. BidaskClub upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. BMO Capital Markets restated 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. Finally, Morgan Stanley upped their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.85.
In other Duke Energy Corporation news, Director E Marie Mckee sold 1,937 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, 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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