United Services Automobile Association decreased its position in Duke Energy Corporation (NYSE:DUK) by 6.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 998,506 shares of the utilities provider’s stock after selling 64,838 shares during the period. United Services Automobile Association owned 0.14% of Duke Energy Corporation worth $81,888,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Pinnacle Bank purchased a new stake in shares of Duke Energy Corporation during the first quarter worth approximately $104,000. North Star Investment Management Corp. raised its position in shares of Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after buying an additional 322 shares during the period. Advantage Investment Management LLC raised its position in shares of Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after buying an additional 462 shares during the period. Nicolet Bankshares Inc. raised its position in shares of Duke Energy Corporation by 379.2% in the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock worth $142,000 after buying an additional 1,369 shares during the period. Finally, Baystate Wealth Management LLC acquired a new position in shares of Duke Energy Corporation during the first quarter worth about $142,000. 55.41% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Corporation (NYSE DUK) traded up 0.89% during trading on Tuesday, reaching $86.89. The company’s stock had a trading volume of 1,875,379 shares. The company has a market capitalization of $60.82 billion, a P/E ratio of 25.74 and a beta of 0.24. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. The company’s 50-day moving average is $84.79 and its 200-day moving average is $82.99.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the prior year, the company posted $1.07 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. Equities analysts anticipate that Duke Energy Corporation will post $4.60 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be paid a $0.89 dividend. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio is currently 101.48%.
TRADEMARK VIOLATION NOTICE: “United Services Automobile Association Decreases Stake in Duke Energy Corporation (DUK)” was originally reported by Markets Daily and is owned by of Markets Daily. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.themarketsdaily.com/2017/08/15/united-services-automobile-association-reduces-stake-in-duke-energy-corporation-duk-updated.html.
A number of brokerages have recently issued reports on DUK. Morgan Stanley increased their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. BMO Capital Markets reiterated a “hold” rating and set a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Deutsche Bank AG restated a “hold” rating and issued a $84.00 price objective (up previously from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Tuesday, July 11th. Finally, BidaskClub lowered Duke Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $82.71.
In other news, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total value of $165,206.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.07% of the company’s stock.
About Duke Energy Corporation
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.
Receive News & Ratings for Duke Energy Corporation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Duke Energy Corporation and related companies with MarketBeat.com’s FREE daily email newsletter.