Duke Energy Corporation (DUK) Shares Bought by Beacon Financial Group
Beacon Financial Group increased its stake in Duke Energy Corporation (NYSE:DUK) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,521 shares of the utilities provider’s stock after acquiring an additional 2,363 shares during the period. Duke Energy Corporation makes up 1.8% of Beacon Financial Group’s investment portfolio, making the stock its 14th largest position. Beacon Financial Group’s holdings in Duke Energy Corporation were worth $9,455,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sigma Planning Corp lifted its position in Duke Energy Corporation by 3.0% during the first quarter. Sigma Planning Corp now owns 11,131 shares of the utilities provider’s stock valued at $913,000 after buying an additional 323 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in Duke Energy Corporation by 5.9% during the first quarter. Rehmann Capital Advisory Group now owns 22,706 shares of the utilities provider’s stock valued at $1,862,000 after buying an additional 1,264 shares in the last quarter. UMB Bank N A MO lifted its position in Duke Energy Corporation by 6.1% during the first quarter. UMB Bank N A MO now owns 246,208 shares of the utilities provider’s stock valued at $20,192,000 after buying an additional 14,104 shares in the last quarter. IFC Holdings Incorporated FL lifted its position in Duke Energy Corporation by 7.3% during the first quarter. IFC Holdings Incorporated FL now owns 16,055 shares of the utilities provider’s stock valued at $1,315,000 after buying an additional 1,097 shares in the last quarter. Finally, Glen Harbor Capital Management LLC lifted its position in Duke Energy Corporation by 30.9% during the first quarter. Glen Harbor Capital Management LLC now owns 9,888 shares of the utilities provider’s stock valued at $811,000 after buying an additional 2,336 shares in the last quarter. 56.22% of the stock is currently owned by institutional investors and hedge funds.
In related news, 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 value of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares in the company, valued at $4,338,245.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
DUK has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 price target on shares of Duke Energy Corporation in a research 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 company from $82.00 to $85.00 in a research report on Monday, June 26th. BidaskClub cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $87.00 price target (down from $91.00) on shares of Duke Energy Corporation in a research report on Monday, July 10th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $82.91.
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Shares of Duke Energy Corporation (NYSE DUK) traded down 0.337% during mid-day trading on Wednesday, hitting $87.115. 849,898 shares of the company were exchanged. The stock’s 50-day moving average price is $86.03 and its 200 day moving average price is $84.02. The stock has a market cap of $60.98 billion, a PE ratio of 25.804 and a beta of 0.25. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $87.95.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the prior year, the company posted $1.07 earnings per share. Duke Energy Corporation’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts anticipate that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders 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 4.07%. The ex-dividend date is Wednesday, August 16th. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is presently 105.64%.
Duke Energy Corporation 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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