Duke Energy Corporation (DUK) Shares Sold by Fulton Bank N.A.
Fulton Bank N.A. cut its position in shares of Duke Energy Corporation (NYSE:DUK) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 40,241 shares of the utilities provider’s stock after selling 925 shares during the quarter. Fulton Bank N.A.’s holdings in Duke Energy Corporation were worth $3,363,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Valley National Advisers Inc. increased its position in shares of Duke Energy Corporation by 0.7% during the 1st quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock valued at $219,000 after purchasing an additional 18 shares during the period. Accredited Investors Inc. increased its position in shares of Duke Energy Corporation by 0.7% during the 1st quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 19 shares during the period. Hayek Kallen Investment Management increased its position in shares of Duke Energy Corporation by 0.5% during the 1st quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock valued at $325,000 after purchasing an additional 19 shares during the period. MCF Advisors LLC increased its position in shares of Duke Energy Corporation by 0.4% during the 1st quarter. MCF Advisors LLC now owns 4,499 shares of the utilities provider’s stock valued at $369,000 after purchasing an additional 20 shares during the period. Finally, Shoker Investment Counsel Inc. increased its position in shares of Duke Energy Corporation by 0.5% during the 1st quarter. Shoker Investment Counsel Inc. now owns 4,484 shares of the utilities provider’s stock valued at $367,000 after purchasing an additional 21 shares during the period. Institutional investors own 56.22% of the company’s stock.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the sale, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.07% of the stock is owned by corporate insiders.
Several brokerages have recently issued reports on DUK. BMO Capital Markets reiterated a “hold” rating and set a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Tuesday, July 11th. Morgan Stanley lifted their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Deutsche Bank AG restated a “hold” rating and issued a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Finally, BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. Duke Energy Corporation has an average rating of “Hold” and a consensus target price of $83.11.
Shares of Duke Energy Corporation (NYSE DUK) traded up 0.50% on Friday, hitting $87.78. The stock had a trading volume of 1,938,288 shares. The company has a market capitalization of $61.44 billion, a P/E ratio of 26.00 and a beta of 0.25. The firm has a 50 day moving average price of $86.28 and a 200 day moving average price of $84.09. Duke Energy Corporation has a one year low of $72.34 and a one year high of $88.03.
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 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 business had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be given a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.06%. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is currently 105.64%.
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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