Beacon Investment Advisory Services Inc. bought a new position in Duke Energy Corp (NYSE:DUK) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,469 shares of the utilities provider’s stock, valued at approximately $795,000.
Other large investors have also recently added to or reduced their stakes in the company. Winfield Associates Inc. increased its stake in Duke Energy by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 165 shares during the period. Nelson Roberts Investment Advisors LLC purchased a new position in shares of Duke Energy during the third quarter valued at approximately $112,000. Daiwa SB Investments Ltd. purchased a new position in shares of Duke Energy during the second quarter valued at approximately $130,000. AllSquare Wealth Management LLC purchased a new position in shares of Duke Energy during the third quarter valued at approximately $155,000. Finally, Camarda Financial Advisors LLC increased its stake in shares of Duke Energy by 357.1% during the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after buying an additional 1,664 shares during the period. Institutional investors own 57.23% of the company’s stock.
Several research firms have recently issued reports on DUK. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Wolfe Research raised Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. SunTrust Banks restated a “hold” rating and set a $90.00 price target on shares of Duke Energy in a research report on Monday, November 6th. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Royal Bank of Canada restated a “buy” rating and set a $87.00 price target on shares of Duke Energy in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $86.67.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. sell-side analysts anticipate that Duke Energy Corp will post 4.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Friday, November 17th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Thursday, November 16th. Duke Energy’s payout ratio is currently 117.49%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.07% of the company’s stock.
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Duke Energy Company Profile
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.
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