Smith Salley & Associates Boosts Position in Duke Energy Corporation (DUK)
Smith Salley & Associates raised its position in shares of Duke Energy Corporation (NYSE:DUK) by 30.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,257 shares of the utilities provider’s stock after buying an additional 9,923 shares during the period. Smith Salley & Associates’ holdings in Duke Energy Corporation were worth $3,532,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of DUK. Ledyard National Bank increased its stake in Duke Energy Corporation by 0.6% in the first quarter. Ledyard National Bank now owns 41,266 shares of the utilities provider’s stock worth $3,384,000 after buying an additional 266 shares in the last quarter. Bollard Group LLC increased its stake in Duke Energy Corporation by 8.5% in the first quarter. Bollard Group LLC now owns 148,425 shares of the utilities provider’s stock worth $12,172,000 after buying an additional 11,675 shares in the last quarter. Boys Arnold & Co. Inc. increased its stake in Duke Energy Corporation by 3.4% in the first quarter. Boys Arnold & Co. Inc. now owns 36,842 shares of the utilities provider’s stock worth $3,021,000 after buying an additional 1,215 shares in the last quarter. Hengehold Capital Management LLC acquired a new stake in Duke Energy Corporation during the first quarter worth approximately $202,000. Finally, Rockland Trust Co. acquired a new stake in Duke Energy Corporation during the first quarter worth approximately $250,000. Institutional investors own 55.41% of the company’s stock.
Shares of Duke Energy Corporation (DUK) traded up 0.53% during midday trading on Friday, hitting $87.23. The stock had a trading volume of 1,708,883 shares. The stock has a market cap of $61.06 billion, a P/E ratio of 25.84 and a beta of 0.24. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $87.75. The stock has a 50-day moving average price of $85.34 and a 200-day moving average price of $83.50.
Duke Energy Corporation (NYSE:DUK) last released its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the previous year, the firm posted $1.07 EPS. Duke Energy Corporation’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.08%. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corporation’s payout ratio is presently 105.64%.
A number of equities research analysts have commented on DUK shares. BMO Capital Markets restated a “hold” rating and issued a $85.00 target price on shares of Duke Energy Corporation in a research report on Wednesday, May 10th. Zacks Investment Research upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. BidaskClub downgraded Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $82.00 to $85.00 in a research report on Monday, June 26th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $87.00 target price (down previously from $91.00) on shares of Duke Energy Corporation in a research report on Monday, July 10th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $82.85.
In other news, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total transaction of $165,206.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.
Duke Energy Corporation Company 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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