Community Bank N.A. Has $474,000 Position in Duke Energy Corporation (DUK)
Community Bank N.A. reduced its holdings in Duke Energy Corporation (NYSE:DUK) by 4.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,673 shares of the utilities provider’s stock after selling 270 shares during the period. Community Bank N.A.’s holdings in Duke Energy Corporation were worth $474,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. grew its holdings in Duke Energy Corporation by 2,866.0% during the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after acquiring an additional 41,268,968 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Duke Energy Corporation by 33.1% during 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 acquiring an additional 2,345,114 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Duke Energy Corporation by 4.1% during 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 acquiring an additional 1,918,598 shares during the last quarter. FMR LLC raised its position in shares of Duke Energy Corporation by 30.6% during the 1st quarter. FMR LLC now owns 4,909,584 shares of the utilities provider’s stock valued at $402,635,000 after acquiring an additional 1,151,408 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Duke Energy Corporation by 25.1% during the 1st quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock valued at $402,605,000 after acquiring an additional 986,456 shares during the last quarter. Institutional investors and hedge funds own 56.22% of the company’s stock.
Duke Energy Corporation (NYSE DUK) opened at 83.85 on Wednesday. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $88.40. The firm has a 50-day moving average of $86.28 and a 200-day moving average of $84.65. The company has a market cap of $58.69 billion, a price-to-earnings ratio of 24.84 and a beta of 0.24.
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 analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Friday, August 18th were paid a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a yield of 4.25%. Duke Energy Corporation’s payout ratio is 105.64%.
A number of brokerages recently commented on DUK. BMO Capital Markets reaffirmed a “hold” rating and set a $87.00 price objective (up from $85.00) on shares of Duke Energy Corporation in a research note 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 report on Tuesday, July 11th. Morgan Stanley increased their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Deutsche Bank AG reissued a “hold” rating and issued a $84.00 target price (up previously from $83.00) on shares of Duke Energy Corporation in a research note 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. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $83.05.
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In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the 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 transaction, the executive vice president now directly owns 50,316 shares in the company, valued at approximately $4,338,245.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is currently owned by insiders.
About Duke Energy Corporation
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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