Associated Banc Corp trimmed its stake in Duke Energy Corp (NYSE:DUK) by 19.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,793 shares of the utilities provider’s stock after selling 660 shares during the period. Associated Banc Corp’s holdings in Duke Energy were worth $221,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Atwood & Palmer Inc. lifted its holdings in shares of Duke Energy by 434.9% during the 1st quarter. Atwood & Palmer Inc. now owns 1,348 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 1,096 shares during the period. Landaas & Co. WI ADV bought a new position in shares of Duke Energy during the 2nd quarter worth about $110,000. Kaizen Advisory LLC lifted its holdings in shares of Duke Energy by 125.8% during the 2nd quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 858 shares during the period. Centersquare Investment Management LLC bought a new position in shares of Duke Energy during the 1st quarter worth about $122,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Duke Energy by 137.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 1,002 shares during the period. Institutional investors own 58.20% of the company’s stock.
In related news, COO Dhiaa M. Jamil sold 7,000 shares of Duke Energy stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $80.98, for a total transaction of $566,860.00. Following the completion of the transaction, the chief operating officer now directly owns 4,279 shares of the company’s stock, valued at approximately $346,513.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melissa H. Anderson sold 500 shares of Duke Energy stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $81.76, for a total transaction of $40,880.00. Following the transaction, the executive vice president now directly owns 15,096 shares of the company’s stock, valued at $1,234,248.96. The disclosure for this sale can be found here. Insiders have sold a total of 11,779 shares of company stock valued at $956,650 over the last three months. 0.08% of the stock is currently owned by insiders.
Shares of DUK stock opened at $81.79 on Friday. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.80. The stock has a market cap of $57.62 billion, a P/E ratio of 17.90, a PEG ratio of 3.69 and a beta of 0.10. The company has a quick ratio of 0.41, a current ratio of 0.66 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.08). Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the prior year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. equities research analysts expect that Duke Energy Corp will post 4.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 17th will be issued a dividend of $0.9275 per share. This is an increase from Duke Energy’s previous quarterly dividend of $0.89. This represents a $3.71 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Thursday, August 16th. Duke Energy’s dividend payout ratio (DPR) is currently 77.90%.
Duke Energy Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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