Daiwa Securities Group Inc. Increases Stake in Duke Energy Corporation (DUK)
Daiwa Securities Group Inc. grew its holdings in Duke Energy Corporation (NYSE:DUK) by 1.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 28,766 shares of the utilities provider’s stock after buying an additional 300 shares during the period. Daiwa Securities Group Inc.’s holdings in Duke Energy Corporation were worth $2,405,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in DUK. Winfield Associates Inc. raised its holdings in shares of Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after buying an additional 165 shares during the last quarter. Jolley Asset Management LLC raised its holdings in shares of Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares during the last quarter. North Star Investment Management Corp. raised its holdings in shares of Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock valued at $127,000 after buying an additional 322 shares during the last quarter. Daiwa SB Investments Ltd. purchased a new stake in shares of Duke Energy Corporation in the second quarter valued at about $130,000. Finally, Advantage Investment Management LLC raised its holdings in shares of Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after buying an additional 462 shares during the last quarter. 56.22% of the stock is owned by institutional investors and hedge funds.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the transaction, the executive vice president now directly 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. Insiders own 0.07% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) opened at 87.30 on Monday. The stock has a market capitalization of $61.11 billion, a PE ratio of 25.86 and a beta of 0.25. The company’s 50-day moving average is $86.68 and its 200 day moving average is $84.33. 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 earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. The firm had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. Duke Energy Corporation’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. On average, analysts predict that Duke Energy Corporation will post $4.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.08%. 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. Duke Energy Corporation’s payout ratio is presently 105.64%.
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DUK has been the subject of a number of research reports. Zacks Investment Research cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Goldman Sachs Group, Inc. (The) raised shares of 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 report on Monday, June 26th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. 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 upped 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 report on Friday, September 8th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $83.18.
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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