Hourglass Capital LLC Holds Position in Duke Energy Corporation (DUK)
Hourglass Capital LLC held its position in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,022 shares of the utilities provider’s stock at the close of the second quarter. Hourglass Capital LLC’s holdings in Duke Energy Corporation were worth $253,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Duke Energy Corporation by 4.1% during the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after purchasing an additional 1,918,598 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Duke Energy Corporation by 2,866.0% during the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after purchasing an additional 41,268,968 shares during the last quarter. State Street Corp lifted its holdings in shares of Duke Energy Corporation by 1.3% during the first quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock valued at $2,781,737,000 after purchasing an additional 451,100 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Duke Energy Corporation by 33.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after purchasing an additional 2,345,114 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Duke Energy Corporation by 8.6% during the first quarter. Geode Capital Management LLC now owns 7,138,784 shares of the utilities provider’s stock valued at $584,660,000 after purchasing an additional 567,019 shares during the last quarter. Hedge funds and other institutional investors own 56.22% of the company’s stock.
Shares of Duke Energy Corporation (NYSE:DUK) opened at 84.64 on Friday. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $88.40. The company’s 50 day moving average is $86.12 and its 200 day moving average is $84.68. The company has a market cap of $59.24 billion, a P/E ratio of 25.07 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. Duke Energy Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities research analysts predict that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, August 18th were given a dividend of $0.89 per share. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date was Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.21%. Duke Energy Corporation’s dividend payout ratio is presently 105.64%.
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Several equities analysts have recently issued reports on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and set a $87.00 target price on shares of Duke Energy Corporation in a report on Wednesday. Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “sell” rating in a report on Tuesday, September 19th. Morgan Stanley lifted 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. KeyCorp reiterated a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 target price 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. Duke Energy Corporation currently has an average rating of “Hold” and a consensus price target of $83.31.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this link. Corporate insiders own 0.07% of the company’s stock.
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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