Logan Capital Management Inc. Sells 333 Shares of Duke Energy Corporation (DUK)
Logan Capital Management Inc. decreased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 1.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,817 shares of the utilities provider’s stock after selling 333 shares during the period. Logan Capital Management Inc.’s holdings in Duke Energy Corporation were worth $1,740,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of DUK. Hancock Holding Co. increased its stake in Duke Energy Corporation by 13.0% in the 1st quarter. Hancock Holding Co. now owns 13,237 shares of the utilities provider’s stock worth $1,086,000 after acquiring an additional 1,519 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Duke Energy Corporation by 6.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 283,027 shares of the utilities provider’s stock valued at $23,210,000 after purchasing an additional 18,126 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Duke Energy Corporation by 2.6% during the 1st quarter. Mason Street Advisors LLC now owns 96,681 shares of the utilities provider’s stock valued at $7,929,000 after purchasing an additional 2,437 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Duke Energy Corporation by 6.1% during the 1st quarter. Pacer Advisors Inc. now owns 14,932 shares of the utilities provider’s stock valued at $1,225,000 after purchasing an additional 856 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Duke Energy Corporation by 14.4% during the 1st quarter. Nordea Investment Management AB now owns 31,486 shares of the utilities provider’s stock valued at $2,582,000 after purchasing an additional 3,954 shares during the last quarter. 56.29% of the stock is currently owned by institutional investors and hedge funds.
DUK has been the topic of several recent research reports. Zacks Investment Research lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. SunTrust Banks, Inc. restated a “hold” rating and set a $87.00 price target on shares of Duke Energy Corporation in a research report on Wednesday, October 4th. J P Morgan Chase & Co raised their price target on Duke Energy Corporation from $83.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. BidaskClub upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Morgan Stanley increased their price objective on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $86.90.
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Shares of Duke Energy Corporation (NYSE:DUK) opened at $89.88 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. Duke Energy Corporation has a fifty-two week low of $72.34 and a fifty-two week high of $90.22. The company has a market capitalization of $62,220.83, a price-to-earnings ratio of 19.98, a P/E/G ratio of 4.86 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The company had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. Duke Energy Corporation’s revenue was down 1.4% compared to the same quarter last year. analysts forecast that Duke Energy Corporation will post 4.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s payout ratio is currently 117.49%.
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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