Duke Energy Corporation (DUK) Holdings Lifted by Simmons Bank
Simmons Bank grew its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 10.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,979 shares of the utilities provider’s stock after purchasing an additional 2,115 shares during the quarter. Simmons Bank’s holdings in Duke Energy Corporation were worth $1,837,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of DUK. Winfield Associates Inc. raised its position in shares of Duke Energy Corporation by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after buying an additional 165 shares during the period. Jolley Asset Management LLC increased its holdings in Duke Energy Corporation by 26.4% in the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 313 shares in the last quarter. Daiwa SB Investments Ltd. acquired a new stake in Duke Energy Corporation in the 2nd quarter valued at $130,000. Jacobi Capital Management LLC increased its holdings in Duke Energy Corporation by 104.1% in the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Camarda Financial Advisors LLC increased its holdings in Duke Energy Corporation by 357.1% in the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 1,664 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors.
Duke Energy Corporation (NYSE:DUK) opened at $89.21 on Friday. 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 twelve month low of $72.34 and a twelve month high of $91.80. The stock has a market cap of $63,403.79, a PE ratio of 20.35, a price-to-earnings-growth ratio of 4.96 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter last year, the company posted $1.68 earnings per share. Duke Energy Corporation’s revenue was down 1.4% on a year-over-year basis. equities analysts expect that Duke Energy Corporation will post 4.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.89 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 3.99%. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 117.49%.
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In other news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy Corporation stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.
DUK has been the subject of several recent research reports. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a report on Friday, July 21st. BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BMO Capital Markets reiterated a “hold” rating and issued a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Deutsche Bank AG reiterated a “hold” rating and issued a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Finally, Morgan Stanley increased their price target on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Duke Energy Corporation presently has an average rating of “Hold” and a consensus price target of $86.90.
Duke Energy Corporation 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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