Camden National Bank lifted its holdings in Duke Energy Corp (NYSE:DUK) by 16.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,108 shares of the utilities provider’s stock after purchasing an additional 8,538 shares during the quarter. Camden National Bank’s holdings in Duke Energy were worth $5,216,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Glassman Wealth Services increased its stake in shares of Duke Energy by 35.2% in the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 117 shares in the last quarter. Trust Co. of Toledo NA OH increased its stake in shares of Duke Energy by 0.6% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 20,026 shares of the utilities provider’s stock valued at $1,767,000 after purchasing an additional 122 shares in the last quarter. Palladium Partners LLC increased its stake in shares of Duke Energy by 0.7% in the 2nd quarter. Palladium Partners LLC now owns 17,269 shares of the utilities provider’s stock valued at $1,523,000 after purchasing an additional 124 shares in the last quarter. Buckhead Capital Management LLC increased its stake in shares of Duke Energy by 0.4% in the 1st quarter. Buckhead Capital Management LLC now owns 31,618 shares of the utilities provider’s stock valued at $2,846,000 after purchasing an additional 125 shares in the last quarter. Finally, Weather Gauge Advisory LLC increased its stake in shares of Duke Energy by 1.1% in the 2nd quarter. Weather Gauge Advisory LLC now owns 11,552 shares of the utilities provider’s stock valued at $1,019,000 after purchasing an additional 125 shares in the last quarter. 60.27% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Lloyd M. Yates sold 20,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $90.81, for a total value of $1,816,200.00. Following the transaction, the executive vice president now owns 41,154 shares of the company’s stock, valued at $3,737,194.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Douglas F. Esamann sold 4,430 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $92.44, for a total value of $409,509.20. Following the completion of the transaction, the executive vice president now directly owns 64,722 shares in the company, valued at approximately $5,982,901.68. The disclosure for this sale can be found here. Insiders have sold 26,362 shares of company stock worth $2,401,576 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.
Several equities analysts recently weighed in on DUK shares. JPMorgan Chase & Co. set a $90.00 price target on Duke Energy and gave the company a “hold” rating in a research note on Monday, May 20th. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. SunTrust Banks set a $96.00 price objective on Duke Energy and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Barclays cut their price objective on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 18th. Finally, Credit Suisse Group upped their price objective on Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $92.44.
Duke Energy stock opened at $94.32 on Friday. Duke Energy Corp has a twelve month low of $78.00 and a twelve month high of $95.70. The stock’s fifty day simple moving average is $90.36 and its 200-day simple moving average is $89.29. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $69.19 billion, a P/E ratio of 19.98, a P/E/G ratio of 3.86 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 for the quarter, topping analysts’ consensus estimates of $0.98 by $0.14. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. Sell-side analysts predict that Duke Energy Corp will post 4.99 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be given a dividend of $0.945 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.01%. This is a positive change from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s dividend payout ratio is currently 80.08%.
Duke Energy 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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