Jones Financial Companies Lllp Purchases 959 Shares of Duke Energy Corp (NYSE:DUK)

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Jones Financial Companies Lllp raised its position in Duke Energy Corp (NYSE:DUK) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,324 shares of the utilities provider’s stock after purchasing an additional 959 shares during the period. Jones Financial Companies Lllp’s holdings in Duke Energy were worth $5,323,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Whitener Capital Management Inc. boosted its holdings in shares of Duke Energy by 19.0% in the second quarter. Whitener Capital Management Inc. now owns 23,031 shares of the utilities provider’s stock valued at $2,032,000 after buying an additional 3,674 shares during the period. Holderness Investments Co. boosted its holdings in shares of Duke Energy by 5.9% in the second quarter. Holderness Investments Co. now owns 39,252 shares of the utilities provider’s stock valued at $3,464,000 after buying an additional 2,171 shares during the period. Pettyjohn Wood & White Inc. boosted its holdings in shares of Duke Energy by 1.9% in the second quarter. Pettyjohn Wood & White Inc. now owns 13,909 shares of the utilities provider’s stock valued at $1,227,000 after buying an additional 262 shares during the period. Duff & Phelps Investment Management Co. boosted its holdings in shares of Duke Energy by 10,801.7% in the second quarter. Duff & Phelps Investment Management Co. now owns 258,370 shares of the utilities provider’s stock valued at $22,799,000 after buying an additional 256,000 shares during the period. Finally, Day & Ennis LLC acquired a new position in shares of Duke Energy in the second quarter valued at approximately $283,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

DUK traded up $0.49 during trading hours on Friday, hitting $89.77. 2,237,900 shares of the company’s stock were exchanged, compared to its average volume of 2,762,195. Duke Energy Corp has a 1-year low of $78.00 and a 1-year high of $91.67. The stock’s 50-day moving average is $88.61 and its two-hundred day moving average is $88.83. The stock has a market cap of $65.05 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 3.67 and a beta of 0.12. The company has a quick ratio of 0.47, a current ratio of 0.71 and a debt-to-equity ratio of 1.26.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. On average, equities research analysts anticipate that Duke Energy Corp will post 4.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be issued a dividend of $0.945 per share. This is a boost from Duke Energy’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.78 annualized dividend and a yield of 4.21%. Duke Energy’s dividend payout ratio is presently 80.08%.

In related news, EVP Lloyd M. Yates sold 5,117 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total transaction of $451,319.40. The sale was disclosed in a legal filing 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 on Monday, May 20th. The stock was 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. Corporate insiders own 0.09% of the company’s stock.

Several research analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. ValuEngine cut shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Morgan Stanley reduced their price target on shares of Duke Energy from $99.00 to $92.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. set a $90.00 price target on shares of Duke Energy and gave the company a “hold” rating in a report on Monday, May 20th. Finally, Barclays reduced their price target on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $91.14.

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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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