Calton & Associates Inc. purchased a new position in Duke Energy Corp (NYSE:DUK) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,336 shares of the utilities provider’s stock, valued at approximately $210,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Canton Hathaway LLC acquired a new stake in shares of Duke Energy during the 1st quarter valued at about $25,000. Proficio Capital Partners LLC boosted its position in shares of Duke Energy by 59.0% during the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 164 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of Duke Energy during the 1st quarter valued at about $39,000. Vigilant Capital Management LLC acquired a new stake in shares of Duke Energy during the 4th quarter valued at about $43,000. Finally, Sontag Advisory LLC acquired a new stake in shares of Duke Energy during the 4th quarter valued at about $43,000. Institutional investors own 61.10% of the company’s stock.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,700 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $85.92, for a total value of $146,064.00. Following the completion of the transaction, the senior vice president now directly owns 6,091 shares of the company’s stock, valued at $523,338.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Lynn J. Good sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $89.92, for a total transaction of $1,348,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,731 shares of company stock valued at $2,027,567. Insiders own 0.09% of the company’s stock.
Several brokerages have recently weighed in on DUK. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. set a $90.00 target price on shares of Duke Energy and gave the company a “hold” rating in a research report on Monday. Morgan Stanley lifted their target price on shares of Duke Energy from $94.00 to $96.00 and gave the company an “equal weight” rating in a research report on Thursday, May 16th. Bank of America downgraded shares of Duke Energy from a “neutral” rating to an “underperform” rating in a report on Monday, May 13th. Finally, ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $88.70.
DUK stock traded up $0.73 during trading on Wednesday, hitting $87.81. 1,827,048 shares of the stock traded hands, compared to its average volume of 3,381,505. Duke Energy Corp has a one year low of $71.96 and a one year high of $91.67. The company has a market capitalization of $63.41 billion, a P/E ratio of 18.60, a P/E/G ratio of 3.64 and a beta of 0.06. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 1.25.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.03. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same period last year, the firm posted $1.28 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. As a group, research analysts expect that Duke Energy Corp will post 4.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be paid a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Thursday, May 16th. Duke Energy’s dividend payout ratio is presently 78.60%.
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Duke Energy Company 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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