Duke Energy Corporation (DUK) Stake Boosted by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. grew its stake in shares of Duke Energy Corporation (NYSE:DUK) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 644,898 shares of the utilities provider’s stock after acquiring an additional 12,409 shares during the quarter. PNC Financial Services Group Inc. owned about 0.09% of Duke Energy Corporation worth $53,907,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Winfield Associates Inc. increased its holdings in shares of Duke Energy Corporation by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 165 shares in the last quarter. Jolley Asset Management LLC increased its holdings in shares of Duke Energy Corporation by 26.4% during the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 313 shares in the last quarter. Daiwa SB Investments Ltd. acquired a new position in shares of Duke Energy Corporation during the second quarter valued at about $130,000. Jacobi Capital Management LLC increased its holdings in shares of Duke Energy Corporation by 104.1% during the first quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Camarda Financial Advisors LLC increased its holdings in shares of Duke Energy Corporation by 357.1% during the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after acquiring an additional 1,664 shares in the last quarter. Hedge funds and other institutional investors own 56.21% of the company’s stock.
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In other news, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction that occurred on 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 owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.07% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) last released its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.01. The business had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s payout ratio is currently 105.64%.
DUK has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a report on Wednesday, October 4th. BidaskClub upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Morgan Stanley increased their price target on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Finally, J P Morgan Chase & Co increased their price target on shares of Duke Energy Corporation from $83.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.25.
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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