Duke Energy Corporation (DUK) Shares Sold by Gamble Jones Investment Counsel
Gamble Jones Investment Counsel trimmed its holdings in Duke Energy Corporation (NYSE:DUK) by 10.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,534 shares of the utilities provider’s stock after selling 416 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Duke Energy Corporation were worth $295,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in DUK. Valley National Advisers Inc. increased its position in Duke Energy Corporation by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 18 shares during the period. Accredited Investors Inc. increased its position in Duke Energy Corporation by 0.7% in the first quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 19 shares during the period. Hayek Kallen Investment Management increased its position in Duke Energy Corporation by 0.5% in the first quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock worth $325,000 after purchasing an additional 19 shares during the period. MCF Advisors LLC increased its position in Duke Energy Corporation by 0.4% in the first quarter. MCF Advisors LLC now owns 4,499 shares of the utilities provider’s stock worth $369,000 after purchasing an additional 20 shares during the period. Finally, Shoker Investment Counsel Inc. increased its position in Duke Energy Corporation by 0.5% in the first quarter. Shoker Investment Counsel Inc. now owns 4,484 shares of the utilities provider’s stock worth $367,000 after purchasing an additional 21 shares during the period. 56.22% of the stock is owned by institutional investors and hedge funds.
Duke Energy Corporation (NYSE:DUK) opened at 86.06 on Tuesday. The company has a market cap of $60.24 billion, a PE ratio of 25.49 and a beta of 0.25. The stock’s 50 day moving average price is $86.72 and its 200 day moving average price is $84.38. 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 released its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the consensus estimate 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 analysts’ expectations of $5.76 billion. During the same quarter last year, the firm posted $1.07 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Equities research analysts anticipate that Duke Energy Corporation will post $4.60 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, August 18th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $3.56 annualized dividend and a yield of 4.14%. 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%.
A number of analysts recently commented on the company. BMO Capital Markets reiterated a “hold” rating and issued a $87.00 price objective (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 price objective for the company in a research report on Tuesday, July 11th. Morgan Stanley lifted their price objective on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Deutsche Bank AG reiterated a “hold” rating and issued a $84.00 price objective (up from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.18.
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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 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 of the company’s stock, valued at $4,338,245.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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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