Kempen Capital Management N.V. raised its position in Duke Energy Corp (NYSE:DUK) by 25.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 673 shares of the utilities provider’s stock after purchasing an additional 138 shares during the period. Kempen Capital Management N.V.’s holdings in Duke Energy were worth $59,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Thor Advisors LLC bought a new stake in Duke Energy in the first quarter valued at approximately $30,000. Redhawk Wealth Advisors Inc. bought a new stake in Duke Energy in the second quarter valued at approximately $34,000. Larson Financial Group LLC increased its stake in Duke Energy by 65.5% in the second quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 167 shares in the last quarter. Glassman Wealth Services increased its stake in Duke Energy by 35.2% in the first quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 117 shares in the last quarter. Finally, Tarbox Family Office Inc. increased its stake in Duke Energy by 46.5% in the second quarter. Tarbox Family Office Inc. now owns 457 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 145 shares in the last quarter.
Several equities research analysts have recently issued reports on DUK shares. ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Credit Suisse Group increased their price objective on shares of Duke Energy from $95.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price objective for the company. in a research report on Wednesday, June 26th. Morgan Stanley lowered their price objective on shares of Duke Energy from $99.00 to $92.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Finally, SunTrust Banks set a $96.00 price objective on shares of Duke Energy and gave the stock a “hold” rating in a research report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $92.44.
Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.14. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. As a group, sell-side analysts expect that Duke Energy Corp will post 4.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were given a $0.945 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.78 dividend on an annualized basis and a yield of 4.00%. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s dividend payout ratio (DPR) is 80.08%.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,700 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $91.05, for a total value of $154,785.00. Following the completion of the sale, the senior vice president now owns 4,891 shares in the company, valued at $445,325.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Douglas F. Esamann sold 4,430 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $92.44, for a total transaction of $409,509.20. Following the completion of the sale, the executive vice president now owns 64,722 shares of the company’s stock, valued at approximately $5,982,901.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,362 shares of company stock valued at $2,401,576. 0.09% of the stock is owned by insiders.
Duke Energy 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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