Toronto Dominion Bank Trims Stock Holdings in Duke Energy Corp (NYSE:DUK)
Toronto Dominion Bank decreased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 461,783 shares of the utilities provider’s stock after selling 56,880 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Duke Energy worth $40,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. CWM LLC increased its holdings in Duke Energy by 66.6% during the 2nd quarter. CWM LLC now owns 168,361 shares of the utilities provider’s stock worth $14,856,000 after acquiring an additional 67,306 shares during the period. Capital Financial Planning LLC raised its position in shares of Duke Energy by 869.5% in the second quarter. Capital Financial Planning LLC now owns 3,277 shares of the utilities provider’s stock worth $289,000 after buying an additional 2,939 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Duke Energy by 0.5% during the second quarter. Janney Montgomery Scott LLC now owns 287,050 shares of the utilities provider’s stock valued at $25,329,000 after buying an additional 1,535 shares during the period. Redwood Investment Management LLC bought a new stake in Duke Energy during the first quarter valued at $274,000. Finally, Prudential Financial Inc. boosted its stake in Duke Energy by 2.0% during the second quarter. Prudential Financial Inc. now owns 779,799 shares of the utilities provider’s stock valued at $68,809,000 after buying an additional 15,246 shares during the period. 60.27% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on DUK. Barclays decreased their target price on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 18th. Credit Suisse Group lifted their price target on Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday. Citigroup cut their price objective on Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. JPMorgan Chase & Co. set a $90.00 price objective on shares of Duke Energy and gave the stock a “hold” rating in a research report on Monday, May 20th. Finally, ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $92.44.
NYSE DUK traded up $0.11 during trading hours on Wednesday, reaching $94.05. 103,386 shares of the stock traded hands, compared to its average volume of 2,522,609. The stock has a 50 day simple moving average of $90.22 and a two-hundred day simple moving average of $89.27. Duke Energy Corp has a 1 year low of $78.00 and a 1 year high of $94.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.71 and a quick ratio of 0.47. The company has a market cap of $68.44 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 3.85 and a beta of 0.09.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.14. The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. On average, sell-side analysts forecast that Duke Energy Corp will post 4.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be given a $0.945 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.78 dividend on an annualized basis and a yield of 4.02%. Duke Energy’s payout ratio is presently 80.08%.
Duke Energy Company Profile
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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