Duke Energy Corporation (DUK) Holdings Raised by SG Americas Securities LLC
SG Americas Securities LLC raised its stake in shares of Duke Energy Corporation (NYSE:DUK) by 172.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,753 shares of the utilities provider’s stock after acquiring an additional 51,077 shares during the period. SG Americas Securities LLC’s holdings in Duke Energy Corporation were worth $6,750,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. State Treasurer State of Michigan boosted its position in shares of Duke Energy Corporation by 1.3% during the 1st quarter. State Treasurer State of Michigan now owns 355,484 shares of the utilities provider’s stock worth $29,153,000 after purchasing an additional 4,500 shares during the period. Tyers Asset Management LLC increased its holdings in Duke Energy Corporation by 30.9% in the 1st quarter. Tyers Asset Management LLC now owns 13,596 shares of the utilities provider’s stock valued at $1,115,000 after purchasing an additional 3,212 shares during the last quarter. British Airways Pensions Investment Management Ltd acquired a new stake in Duke Energy Corporation in the 1st quarter valued at approximately $40,443,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Duke Energy Corporation by 0.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,017,500 shares of the utilities provider’s stock valued at $165,455,000 after purchasing an additional 5,834 shares during the last quarter. Finally, Alpha Cubed Investments LLC acquired a new stake in Duke Energy Corporation in the 1st quarter valued at approximately $364,000. Institutional investors and hedge funds own 56.22% of the company’s stock.
Shares of Duke Energy Corporation (NYSE:DUK) opened at 83.85 on Wednesday. The company has a 50-day moving average of $86.28 and a 200 day moving average of $84.65. Duke Energy Corporation has a one year low of $72.34 and a one year high of $88.40. The firm has a market cap of $58.69 billion, a PE ratio of 24.84 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the firm earned $1.07 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Friday, August 18th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Wednesday, August 16th. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s payout ratio is currently 105.64%.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.07% of the company’s stock.
A number of research analysts have commented on DUK shares. BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Morgan Stanley lifted their price objective on 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. BMO Capital Markets reiterated a “hold” rating and issued a $87.00 price objective (up previously from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 price objective on shares of Duke Energy Corporation in a report on Tuesday, August 29th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $83.05.
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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