Crawford Investment Counsel Inc. lifted its position in Duke Energy Corp (NYSE:DUK) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,223 shares of the utilities provider’s stock after buying an additional 4,747 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Duke Energy were worth $12,197,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of DUK. Dimensional Fund Advisors LP boosted its position in Duke Energy by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,311,505 shares of the utilities provider’s stock valued at $113,181,000 after buying an additional 52,498 shares during the period. Geode Capital Management LLC increased its holdings in shares of Duke Energy by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock worth $771,079,000 after buying an additional 750,534 shares during the period. USS Investment Management Ltd purchased a new position in shares of Duke Energy in the first quarter worth about $37,519,000. Buckhead Capital Management LLC lifted its stake in shares of Duke Energy by 0.4% in the 1st quarter. Buckhead Capital Management LLC now owns 31,618 shares of the utilities provider’s stock valued at $2,846,000 after acquiring an additional 125 shares during the last quarter. Finally, Zeke Capital Advisors LLC increased its stake in Duke Energy by 11.3% in the 1st quarter. Zeke Capital Advisors LLC now owns 21,112 shares of the utilities provider’s stock worth $1,900,000 after purchasing an additional 2,148 shares during the period. Institutional investors and hedge funds own 60.27% of the company’s stock.
A number of research firms have recently weighed in on DUK. KeyCorp began coverage on Duke Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. SunTrust Banks set a $96.00 target price on Duke Energy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Credit Suisse Group upped their target price on Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a report on Monday. JPMorgan Chase & Co. set a $90.00 target price on shares of Duke Energy and gave the stock a “hold” rating in a research report on Monday, May 20th. Finally, Citigroup lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $92.44.In other Duke Energy news, EVP Douglas F. Esamann sold 4,430 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $92.44, for a total value of $409,509.20. Following the completion of the transaction, the executive vice president now directly owns 64,722 shares in the company, valued at approximately $5,982,901.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dwight L. Jacobs sold 1,700 shares of Duke Energy stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $91.05, for a total transaction of $154,785.00. Following the sale, the senior vice president now owns 4,891 shares in the company, valued at approximately $445,325.55. The disclosure for this sale can be found here. Insiders have sold 26,362 shares of company stock valued at $2,401,576 in the last quarter. 0.09% of the stock is currently owned by company insiders.
NYSE:DUK traded up $0.42 during mid-day trading on Wednesday, hitting $94.36. 127,238 shares of the company’s stock were exchanged, compared to its average volume of 2,522,609. The company has a market cap of $68.44 billion, a PE ratio of 19.99, a P/E/G ratio of 3.85 and a beta of 0.09. The business has a fifty day moving average price of $90.22 and a 200 day moving average price of $89.27. Duke Energy Corp has a one year low of $78.00 and a one year high of $94.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.71 and a quick ratio of 0.47.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts forecast that Duke Energy Corp will post 4.99 EPS for the current fiscal 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 given a dividend of $0.945 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.78 annualized dividend and a dividend yield of 4.01%. This is a boost from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s dividend payout ratio (DPR) is currently 80.08%.
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.
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