JT Stratford LLC decreased its holdings in Duke Energy Corporation (NYSE:DUK) by 1.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,334 shares of the utilities provider’s stock after selling 72 shares during the period. JT Stratford LLC’s holdings in Duke Energy Corporation were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Winfield Associates Inc. raised its stake in Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after buying an additional 165 shares in the last quarter. Jolley Asset Management LLC raised its stake in Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after buying an additional 313 shares in the last quarter. Daiwa SB Investments Ltd. bought a new position in Duke Energy Corporation in the second quarter worth approximately $130,000. Jacobi Capital Management LLC raised its stake in Duke Energy Corporation by 104.1% in the first quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock worth $164,000 after buying an additional 1,010 shares in the last quarter. Finally, Camarda Financial Advisors LLC raised its stake in Duke Energy Corporation by 357.1% in the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after buying an additional 1,664 shares in the last quarter. 56.29% of the stock is owned by institutional investors.
DUK has been the topic of several analyst reports. Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Bank of America Corporation reaffirmed a “neutral” rating and issued a $92.00 price target on shares of Duke Energy Corporation in a report on Tuesday, October 24th. Citigroup Inc. lifted their price target on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the stock a “sell” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley lifted 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Duke Energy Corporation currently has a consensus rating of “Hold” and an average price target of $86.90.
In other Duke Energy Corporation news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
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Shares of Duke Energy Corporation (DUK) opened at $91.09 on Wednesday. The firm has a market cap of $62,913.80, a price-to-earnings ratio of 20.20, a PEG ratio of 4.91 and a beta of 0.26. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $91.14.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. analysts predict that Duke Energy Corporation will post 4.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s payout ratio is 117.49%.
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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