Traders Buy Large Volume of Put Options on Duke Energy (NYSE:DUK)
Duke Energy Corp (NYSE:DUK) was the recipient of unusually large options trading on Thursday. Stock investors acquired 5,419 put options on the company. This represents an increase of 1,527% compared to the typical volume of 333 put options.
In related news, EVP Lloyd M. Yates sold 5,117 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $88.20, for a total transaction of $451,319.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Dwight L. Jacobs sold 1,700 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $85.92, for a total value of $146,064.00. Following the transaction, the senior vice president now directly owns 6,091 shares in the company, valued at $523,338.72. The disclosure for this sale can be found here. Insiders have sold a total of 8,598 shares of company stock valued at $752,989 over the last 90 days. 0.09% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of DUK. Vectors Research Management LLC grew its holdings in Duke Energy by 8.4% during the fourth quarter. Vectors Research Management LLC now owns 4,835 shares of the utilities provider’s stock worth $417,000 after acquiring an additional 374 shares during the period. Dixon Hubard Feinour & Brown Inc. VA grew its holdings in Duke Energy by 5.8% during the fourth quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 20,986 shares of the utilities provider’s stock worth $1,811,000 after acquiring an additional 1,150 shares during the period. Dimensional Fund Advisors LP grew its holdings in Duke Energy by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,311,505 shares of the utilities provider’s stock worth $113,181,000 after acquiring an additional 52,498 shares during the period. Flinton Capital Management LLC grew its holdings in Duke Energy by 22.0% during the fourth quarter. Flinton Capital Management LLC now owns 121,184 shares of the utilities provider’s stock worth $10,458,000 after acquiring an additional 21,840 shares during the period. Finally, Berman Capital Advisors LLC acquired a new stake in Duke Energy during the fourth quarter worth about $70,000. 60.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DUK stock traded down $0.75 during mid-day trading on Friday, reaching $88.70. The stock had a trading volume of 113,855 shares, compared to its average volume of 2,834,498. The business has a fifty day moving average of $87.97. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25. The company has a market cap of $65.25 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 3.77 and a beta of 0.14. Duke Energy has a 1-year low of $78.00 and a 1-year high of $91.67.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.39 billion. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. The company’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 earnings per share. Analysts forecast that Duke Energy will post 4.91 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be issued a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 4.26%. This is a positive change from Duke Energy’s previous quarterly dividend of $0.93. The ex-dividend date is Thursday, August 15th. Duke Energy’s dividend payout ratio (DPR) is 78.60%.
About Duke Energy
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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