Duke Energy Corporation (DUK) Shares Sold by Caisse DE Depot ET Placement DU Quebec
Caisse DE Depot ET Placement DU Quebec lowered its position in Duke Energy Corporation (NYSE:DUK) by 3.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 839,554 shares of the utilities provider’s stock after selling 25,865 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.12% of Duke Energy Corporation worth $68,927,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Hennessy Advisors Inc. boosted its stake in Duke Energy Corporation by 1.5% in the first quarter. Hennessy Advisors Inc. now owns 379,737 shares of the utilities provider’s stock worth $31,142,000 after buying an additional 5,500 shares during the period. 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 worth $63,988,000 after buying an additional 32,947 shares during the period. Pegasus Partners Ltd. boosted its stake in Duke Energy Corporation by 0.5% in the first quarter. Pegasus Partners Ltd. now owns 23,034 shares of the utilities provider’s stock worth $1,889,000 after buying an additional 110 shares during the period. Brookstone Capital Management boosted its stake in Duke Energy Corporation by 7.9% in the first quarter. Brookstone Capital Management now owns 78,707 shares of the utilities provider’s stock worth $6,455,000 after buying an additional 5,795 shares during the period. 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 worth $4,005,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 56.22% of the company’s stock.
Shares of Duke Energy Corporation (DUK) traded up 0.0741% during midday trading on Monday, hitting $87.2946. The stock had a trading volume of 272,804 shares. The firm has a 50 day moving average of $85.34 and a 200-day moving average of $83.50. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.75. The company has a market cap of $61.10 billion, a P/E ratio of 25.8574 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. On average, analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be paid a $0.89 dividend. The ex-dividend date is Wednesday, August 16th. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.08%. Duke Energy Corporation’s payout ratio is currently 105.64%.
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Several equities analysts recently issued reports on DUK shares. Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and issued a $85.00 price target on shares of Duke Energy Corporation in a research report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $82.00 to $85.00 in a research report on Monday, June 26th. BidaskClub cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $87.00 price target (down previously from $91.00) on shares of Duke Energy Corporation in a research report on Monday, July 10th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $82.85.
In related news, Director E Marie Mckee sold 1,937 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the sale, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.
About Duke Energy Corporation
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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