Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Duke Energy Corp (NYSE:DUK) by 9.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,970 shares of the utilities provider’s stock after acquiring an additional 700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Duke Energy were worth $703,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Canton Hathaway LLC acquired a new position in Duke Energy during the first quarter worth $25,000. Harvest Group Wealth Management LLC acquired a new position in Duke Energy during the first quarter worth $26,000. Thor Advisors LLC acquired a new position in Duke Energy during the first quarter worth $30,000. Larson Financial Group LLC raised its holdings in Duke Energy by 65.5% during the second quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock worth $37,000 after buying an additional 167 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in Duke Energy during the first quarter worth $39,000. Institutional investors own 60.01% of the company’s stock.
Several research analysts have weighed in on DUK shares. Barclays downgraded shares of to an “underweight” rating and set a GBX 4,400 ($57.49) price objective on the stock. in a report on Tuesday, June 18th. ValuEngine downgraded shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Bank of America upgraded shares of Copa from a “neutral” rating to a “buy” rating in a report on Monday, May 13th. Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. set a $90.00 target price on shares of Duke Energy and gave the company a “hold” rating in a report on Monday, May 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $91.50.
Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, May 9th. The utilities provider reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.39 billion. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 earnings per share. As a group, equities analysts forecast that Duke Energy Corp will post 4.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be given a dividend of $0.945 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.78 annualized dividend and a yield of 4.32%. This is a positive change from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s dividend payout ratio is presently 78.60%.
In related news, EVP Lloyd M. Yates sold 5,117 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total transaction of $451,319.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Marie Mckee sold 1,781 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $87.37, for a total transaction of $155,605.97. Following the transaction, the director now owns 1 shares of the company’s stock, valued at approximately $87.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,598 shares of company stock valued at $752,989. 0.09% of the stock is owned by company insiders.
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.
Recommended Story: Moving Average Convergence Divergence (MACD)
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.