Heritage Wealth Advisors Maintains Position in Duke Energy Corporation (DUK)
Heritage Wealth Advisors maintained its position in Duke Energy Corporation (NYSE:DUK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,876 shares of the utilities provider’s stock at the close of the 2nd quarter. Heritage Wealth Advisors’ holdings in Duke Energy Corporation were worth $240,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Duke Energy Corporation by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after buying an additional 1,918,598 shares in the last quarter. BlackRock Inc. lifted its stake in Duke Energy Corporation by 2,866.0% in the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after buying an additional 41,268,968 shares in the last quarter. State Street Corp lifted its stake in Duke Energy Corporation by 1.3% in the 1st quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock valued at $2,781,737,000 after buying an additional 451,100 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Duke Energy Corporation by 33.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after buying an additional 2,345,114 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Duke Energy Corporation by 8.6% in the 1st quarter. Geode Capital Management LLC now owns 7,138,784 shares of the utilities provider’s stock valued at $584,660,000 after buying an additional 567,019 shares in the last quarter. 56.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Duke Energy Corporation (DUK) opened at 86.77 on Thursday. The stock’s 50 day moving average price is $86.45 and its 200-day moving average price is $84.25. The firm has a market capitalization of $60.73 billion, a P/E ratio of 25.70 and a beta of 0.25. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm 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 posted $1.07 EPS. The company’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that Duke Energy Corporation will post $4.60 EPS for the current 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 paid a $0.89 dividend. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.10%. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 105.64%.
A number of equities research analysts recently issued reports on DUK shares. Zacks Investment Research raised Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Friday, July 21st. BidaskClub raised Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $82.00 to $85.00 in a research note on Monday, June 26th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $87.00 target price (down previously from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $83.11.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.
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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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