Duke Energy Corporation (DUK) Shares Bought by Toronto Dominion Bank
Toronto Dominion Bank raised its holdings in Duke Energy Corporation (NYSE:DUK) by 22.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,630 shares of the utilities provider’s stock after purchasing an additional 48,342 shares during the quarter. Toronto Dominion Bank’s holdings in Duke Energy Corporation were worth $22,119,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of DUK. Wayne Hummer Investments L.L.C. purchased a new stake in Duke Energy Corporation in the first quarter valued at $332,000. Sandy Spring Bank raised its position in Duke Energy Corporation by 0.3% in the first quarter. Sandy Spring Bank now owns 8,040 shares of the utilities provider’s stock valued at $676,000 after purchasing an additional 26 shares during the period. Arizona State Retirement System raised its position in Duke Energy Corporation by 1.0% in the first quarter. Arizona State Retirement System now owns 320,237 shares of the utilities provider’s stock valued at $26,263,000 after purchasing an additional 3,100 shares during the period. Blair William & Co. IL raised its position in Duke Energy Corporation by 4.7% in the first quarter. Blair William & Co. IL now owns 77,884 shares of the utilities provider’s stock valued at $6,428,000 after purchasing an additional 3,468 shares during the period. Finally, American International Group Inc. raised its position in Duke Energy Corporation by 1.3% in the first quarter. American International Group Inc. now owns 231,735 shares of the utilities provider’s stock valued at $19,005,000 after purchasing an additional 2,921 shares during the period. Institutional investors own 56.30% of the company’s stock.
Duke Energy Corporation (DUK) opened at $88.81 on Wednesday. Duke Energy Corporation has a one year low of $72.34 and a one year high of $91.80. The company has a market capitalization of $62,059.84, a price-to-earnings ratio of 19.92, a P/E/G ratio of 4.85 and a beta of 0.26. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.
Duke Energy Corporation (NYSE:DUK) last released its earnings results 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 firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the previous year, the firm posted $1.68 EPS. Duke Energy Corporation’s revenue for the quarter was down 1.4% on a year-over-year basis. analysts anticipate that Duke Energy Corporation will post 4.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a yield of 4.01%. Duke Energy Corporation’s payout ratio is 117.49%.
A number of research firms have commented on DUK. ValuEngine upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Wolfe Research upgraded Duke Energy Corporation from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. SunTrust Banks, Inc. restated a “hold” rating and issued a $90.00 target price on shares of Duke Energy Corporation in a research report on Monday, November 6th. Zacks Investment Research downgraded Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a research report on Tuesday, November 7th. 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’s stock. Duke Energy Corporation presently has a consensus rating of “Hold” and a consensus target price of $86.90.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.
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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