Duke Energy Corporation (DUK) Holdings Boosted by Chemung Canal Trust Co.
Chemung Canal Trust Co. grew its position in shares of Duke Energy Corporation (NYSE:DUK) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,500 shares of the utilities provider’s stock after buying an additional 1,831 shares during the quarter. Chemung Canal Trust Co.’s holdings in Duke Energy Corporation were worth $3,239,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. North Star Investment Management Corp. lifted its position in shares of Duke Energy Corporation by 26.2% during the 1st quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after buying an additional 322 shares in the last quarter. Advantage Investment Management LLC lifted its position in shares of Duke Energy Corporation by 37.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after buying an additional 462 shares in the last quarter. Baystate Wealth Management LLC bought a new position in shares of Duke Energy Corporation during the 1st quarter worth approximately $142,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Duke Energy Corporation by 84.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock worth $152,000 after buying an additional 848 shares in the last quarter. Finally, Arrow Financial Corp lifted its position in shares of Duke Energy Corporation by 52.2% during the 1st quarter. Arrow Financial Corp now owns 1,884 shares of the utilities provider’s stock worth $155,000 after buying an additional 646 shares in the last quarter. 56.22% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BMO Capital Markets reaffirmed a “hold” rating and issued a $85.00 price target on shares of Duke Energy Corporation in a report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $82.00 to $85.00 in a report on Monday, June 26th. BidaskClub cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $87.00 price target (down previously from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. Duke Energy Corporation currently has an average rating of “Hold” and an average target price of $82.91.
Shares of Duke Energy Corporation (NYSE:DUK) traded down 0.24% during midday trading on Monday, reaching $87.09. 1,364,063 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $85.88 and a 200-day moving average of $83.82. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.95. The stock has a market cap of $60.96 billion, a price-to-earnings ratio of 25.80 and a beta of 0.25.
Duke Energy Corporation (NYSE:DUK) last announced 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. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $1.07 EPS. On average, equities research analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.09%. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 105.64%.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s 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 sale, the executive vice president now directly owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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