Bahl & Gaynor Inc. lowered its position in Duke Energy Corporation (NYSE:DUK) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,420 shares of the utilities provider’s stock after selling 2,518 shares during the period. Bahl & Gaynor Inc.’s holdings in Duke Energy Corporation were worth $2,987,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CAMG Solamere Management LLC bought a new position in Duke Energy Corporation during the fourth quarter valued at about $637,000. Shepherd Financial Partners LLC acquired a new stake in Duke Energy Corporation during the fourth quarter worth $2,531,000. Summit Global Investments acquired a new stake in Duke Energy Corporation during the fourth quarter worth $2,059,000. United Capital Financial Advisers LLC boosted its stake in Duke Energy Corporation by 7.2% in the fourth quarter. United Capital Financial Advisers LLC now owns 40,627 shares of the utilities provider’s stock worth $3,153,000 after buying an additional 2,735 shares during the last quarter. Finally, Boothbay Fund Management LLC boosted its stake in Duke Energy Corporation by 23.6% in the fourth quarter. Boothbay Fund Management LLC now owns 6,061 shares of the utilities provider’s stock worth $470,000 after buying an additional 1,157 shares during the last quarter. 55.60% of the stock is owned by hedge funds and other institutional investors.
Duke Energy Corporation (NYSE DUK) traded up 0.39% during trading on Tuesday, reaching $86.60. 2,044,851 shares of the company were exchanged. The stock has a market capitalization of $60.61 billion, a price-to-earnings ratio of 27.61 and a beta of 0.24. The firm’s 50 day moving average price is $84.87 and its 200-day moving average price is $82.44. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.75.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. The firm had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $1.07 earnings per share. On average, equities research analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.89 per share. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corporation’s payout ratio is currently 101.48%.
A number of equities analysts have commented on the stock. BMO Capital Markets restated a “hold” rating and issued a $81.00 price target on shares of Duke Energy Corporation in a research report on Friday, April 28th. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Barclays PLC restated an “equal weight” rating and issued a $88.00 price objective (up from $82.00) on shares of Duke Energy Corporation in a report on Sunday, April 23rd. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Deutsche Bank AG increased their price objective on shares of Duke Energy Corporation from $81.00 to $83.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.51.
In related news, Director Theodore F. Craver, Jr. acquired 3,500 shares of the stock in a transaction dated Monday, May 15th. The shares were purchased at an average cost of $83.73 per share, with a total value of $293,055.00. Following the transaction, the director now directly owns 5,706 shares in the company, valued at $477,763.38. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John H. Forsgren sold 2,190 shares of Duke Energy Corporation stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $82.86, for a total value of $181,463.40. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.
About Duke Energy Corporation
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.
Receive News & Ratings for Duke Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.