Community Bank N.A. lessened its stake in shares of Duke Energy Corp (NYSE:DUK) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,460 shares of the utilities provider’s stock after selling 211 shares during the quarter. Community Bank N.A.’s holdings in Duke Energy were worth $437,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of DUK. Trust Co. of Toledo NA OH boosted its position in shares of Duke Energy by 0.6% during the first quarter. Trust Co. of Toledo NA OH now owns 20,928 shares of the utilities provider’s stock worth $1,693,000 after buying an additional 119 shares during the period. Lighthouse Financial Advisors Inc. grew its stake in shares of Duke Energy by 3.0% in the first quarter. Lighthouse Financial Advisors Inc. now owns 4,294 shares of the utilities provider’s stock worth $340,000 after purchasing an additional 124 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV increased its holdings in shares of Duke Energy by 0.6% during the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 21,905 shares of the utilities provider’s stock valued at $1,750,000 after purchasing an additional 127 shares during the period. Retirement Network increased its holdings in shares of Duke Energy by 24.2% during the first quarter. Retirement Network now owns 667 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 130 shares during the period. Finally, Heron Financial Group LLC raised its stake in shares of Duke Energy by 2.0% during the first quarter. Heron Financial Group LLC now owns 6,741 shares of the utilities provider’s stock valued at $610,000 after purchasing an additional 131 shares in the last quarter. 64.03% of the stock is owned by hedge funds and other institutional investors.
Shares of Duke Energy stock traded up $0.17 on Friday, reaching $84.74. 3,292,473 shares of the company were exchanged, compared to its average volume of 3,430,067. Duke Energy Corp has a fifty-two week low of $62.13 and a fifty-two week high of $103.79. The firm has a market capitalization of $62.27 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 3.87 and a beta of 0.31. The company has a current ratio of 0.67, a quick ratio of 0.45 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average price of $82.48 and a 200-day moving average price of $87.23.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a $0.965 dividend. This represents a $3.86 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Thursday, August 13th. This is an increase from Duke Energy’s previous quarterly dividend of $0.95. Duke Energy’s dividend payout ratio is 74.70%.
Several equities analysts have commented on the stock. Morgan Stanley raised their target price on shares of Duke Energy from $89.00 to $96.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. UBS Group decreased their price objective on shares of Duke Energy from $113.00 to $102.00 and set a “buy” rating for the company in a report on Friday, May 8th. Seaport Global Securities started coverage on Duke Energy in a report on Tuesday, June 9th. They set a “neutral” rating on the stock. Wells Fargo & Co decreased their price target on Duke Energy from $108.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. Finally, Bank of America reiterated a “neutral” rating and set a $83.00 price target (down from $93.00) on shares of Duke Energy in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Duke Energy has an average rating of “Hold” and a consensus target price of $93.93.
In other Duke Energy news, SVP Harry K. Sideris sold 1,285 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $80.42, for a total transaction of $103,339.70. Following the completion of the sale, the senior vice president now directly owns 5,396 shares in the company, valued at approximately $433,946.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Dwight L. Jacobs sold 1,500 shares of Duke Energy stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.11, for a total value of $126,165.00. Following the transaction, the senior vice president now directly owns 5,191 shares in the company, valued at approximately $436,615.01. The disclosure for this sale can be found here. Insiders sold a total of 3,557 shares of company stock valued at $292,856 in the last ninety days. Company insiders own 0.11% of the company’s stock.
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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