Camarda Financial Advisors LLC Increases Holdings in Duke Energy Corporation (DUK)
Camarda Financial Advisors LLC raised its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 357.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,130 shares of the utilities provider’s stock after acquiring an additional 1,664 shares during the period. Camarda Financial Advisors LLC’s holdings in Duke Energy Corporation were worth $178,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in DUK. North Star Investment Management Corp. lifted its stake in 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 valued at $127,000 after acquiring an additional 322 shares during the period. Daiwa SB Investments Ltd. acquired a new stake in Duke Energy Corporation during the 2nd quarter valued at approximately $130,000. Advantage Investment Management LLC lifted its stake in shares of Duke Energy Corporation by 37.4% in the 1st quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 462 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Duke Energy Corporation by 84.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 848 shares during the period. Finally, Arrow Financial Corp lifted its stake in shares of Duke Energy Corporation by 52.2% in the 1st quarter. Arrow Financial Corp now owns 1,884 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 646 shares during the period. Institutional investors and hedge funds own 56.22% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) traded down 0.23% during midday trading on Friday, hitting $87.30. 6,419,300 shares of the stock were exchanged. Duke Energy Corporation has a one year low of $72.34 and a one year high of $88.40. The firm has a 50-day moving average price of $86.68 and a 200-day moving average price of $84.33. The stock has a market cap of $61.11 billion, a P/E ratio of 25.86 and a beta of 0.25.
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. The firm had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. On average, equities research analysts anticipate that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
The business 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 dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend 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 (DPR) is currently 105.64%.
Several research firms recently issued reports on DUK. Zacks Investment Research cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. Morgan Stanley boosted their target price on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. KeyCorp reiterated a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $83.18.
In related news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction 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 document filed with the SEC, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.
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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