Capital Advisors Inc. OK Lowers Stock Position in Duke Energy Corp (NYSE:DUK)

Capital Advisors Inc. OK lessened its stake in Duke Energy Corp (NYSE:DUK) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,521 shares of the utilities provider’s stock after selling 360 shares during the quarter. Capital Advisors Inc. OK’s holdings in Duke Energy were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of DUK. Wellington Management Group LLP raised its position in shares of Duke Energy by 14.8% in the 1st quarter. Wellington Management Group LLP now owns 15,413,073 shares of the utilities provider’s stock worth $1,246,611,000 after purchasing an additional 1,987,105 shares during the last quarter. Capital Research Global Investors increased its holdings in Duke Energy by 27.9% in the 1st quarter. Capital Research Global Investors now owns 6,819,695 shares of the utilities provider’s stock worth $551,577,000 after buying an additional 1,487,470 shares in the last quarter. State Street Corp increased its holdings in Duke Energy by 1.8% in the 1st quarter. State Street Corp now owns 40,579,311 shares of the utilities provider’s stock worth $3,282,055,000 after buying an additional 724,700 shares in the last quarter. APG Asset Management N.V. increased its holdings in Duke Energy by 63.3% in the 1st quarter. APG Asset Management N.V. now owns 1,860,282 shares of the utilities provider’s stock worth $150,460,000 after buying an additional 721,007 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Duke Energy by 21.3% in the 1st quarter. Swiss National Bank now owns 3,661,625 shares of the utilities provider’s stock worth $296,152,000 after buying an additional 644,000 shares in the last quarter. 63.79% of the stock is owned by hedge funds and other institutional investors.

DUK has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Duke Energy from $108.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, May 20th. Morgan Stanley lifted their price objective on Duke Energy from $89.00 to $96.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Bank of America upgraded Duke Energy from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $87.00 to $85.00 in a report on Wednesday, September 9th. Seaport Global Securities assumed coverage on Duke Energy in a report on Tuesday, June 9th. They issued a “neutral” rating for the company. Finally, BofA Securities upgraded Duke Energy from a “neutral” rating to a “buy” rating and cut their price target for the company from $87.00 to $85.00 in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Duke Energy currently has a consensus rating of “Hold” and an average price target of $93.47.

Shares of NYSE:DUK traded up $0.39 during mid-day trading on Wednesday, reaching $84.84. 2,883,267 shares of the company traded hands, compared to its average volume of 3,867,517. The company’s 50 day moving average price is $82.45 and its 200-day moving average price is $83.93. The firm has a market cap of $62.06 billion, a PE ratio of 30.27, a PEG ratio of 3.81 and a beta of 0.27. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.55 and a quick ratio of 0.36. Duke Energy Corp has a 52 week low of $62.13 and a 52 week high of $103.79.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Monday, August 10th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.05. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.86 billion. Duke Energy had a return on equity of 8.10% and a net margin of 8.76%. The firm’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 EPS. On average, research analysts predict that Duke Energy Corp will post 5.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a dividend of $0.965 per share. 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. This represents a $3.86 dividend on an annualized basis and a dividend yield of 4.55%. Duke Energy’s payout ratio is 76.28%.

About Duke Energy

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.

Further Reading: What is the Ex-Dividend Date in Investing?

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

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