Foresters Investment Management Company Inc. increased its position in shares of Duke Energy Corp (NYSE:DUK) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,332 shares of the utilities provider’s stock after acquiring an additional 8,232 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in Duke Energy were worth $10,795,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Duke Energy by 2.6% during the first quarter. BlackRock Inc. now owns 49,544,716 shares of the utilities provider’s stock worth $4,459,023,000 after buying an additional 1,274,643 shares in the last quarter. Geode Capital Management LLC raised its position in Duke Energy by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock worth $771,079,000 after acquiring an additional 750,534 shares during the period. California Public Employees Retirement System raised its position in Duke Energy by 19.7% during the first quarter. California Public Employees Retirement System now owns 4,394,565 shares of the utilities provider’s stock worth $395,511,000 after acquiring an additional 724,378 shares during the period. Mondrian Investment Partners LTD raised its position in Duke Energy by 48,409.6% during the second quarter. Mondrian Investment Partners LTD now owns 529,240 shares of the utilities provider’s stock worth $46,700,000 after acquiring an additional 528,149 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Duke Energy by 52.2% in the second quarter. First Trust Advisors LP now owns 1,354,349 shares of the utilities provider’s stock valued at $119,508,000 after buying an additional 464,779 shares during the last quarter. 60.27% of the stock is currently owned by institutional investors.
Shares of Duke Energy stock traded down $0.16 during trading on Friday, reaching $94.80. The company’s stock had a trading volume of 46,774 shares, compared to its average volume of 2,561,154. The company has a 50-day moving average price of $90.36 and a two-hundred day moving average price of $89.29. Duke Energy Corp has a fifty-two week low of $78.00 and a fifty-two week high of $95.70. 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 cap of $69.19 billion, a PE ratio of 20.08, a P/E/G ratio of 3.86 and a beta of 0.09.
Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, topping the consensus estimate of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the firm earned $0.93 EPS. The business’s revenue was up 4.1% on a year-over-year basis. On average, analysts predict that Duke Energy Corp will post 4.99 earnings per share for the current fiscal 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 paid 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 3.99%. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s dividend payout ratio is currently 80.08%.
In other Duke Energy news, EVP Douglas F. Esamann sold 4,430 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was 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 owns 64,722 shares in the company, valued at approximately $5,982,901.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Dwight L. Jacobs sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $91.05, for a total value of $154,785.00. Following the completion of the transaction, the senior vice president now owns 4,891 shares of the company’s stock, valued at approximately $445,325.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,362 shares of company stock valued at $2,401,576. Corporate insiders own 0.09% of the company’s stock.
A number of equities research analysts have recently commented on the stock. SunTrust Banks set a $96.00 target price on shares of Duke Energy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Citigroup lowered their price objective on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. KeyCorp started coverage on shares of Duke Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating for the company. ValuEngine lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Finally, Credit Suisse Group raised their target price on shares of Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a report on Monday. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Duke Energy currently has an average rating of “Hold” and a consensus target price of $92.44.
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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