Green Square Capital LLC increased its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,140 shares of the utilities provider’s stock after acquiring an additional 1,803 shares during the period. Duke Energy Corporation comprises approximately 1.2% of Green Square Capital LLC’s holdings, making the stock its 25th largest holding. Green Square Capital LLC’s holdings in Duke Energy Corporation were worth $6,699,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pinebridge Investments L.P. bought a new stake in Duke Energy Corporation during the 2nd quarter worth approximately $500,000. Trust Co. of Virginia VA boosted its position in Duke Energy Corporation by 11.5% in the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock valued at $1,129,000 after buying an additional 1,392 shares during the last quarter. BlackRock Inc. boosted its position in Duke Energy Corporation by 2,866.0% in the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after buying an additional 41,268,968 shares during the last quarter. IBM Retirement Fund boosted its position in Duke Energy Corporation by 122.4% in the 2nd quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock valued at $1,601,000 after buying an additional 9,432 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Duke Energy Corporation by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock valued at $3,628,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.
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A number of brokerages have commented on DUK. ValuEngine upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. Wolfe Research upgraded Duke Energy Corporation from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 price objective on shares of Duke Energy Corporation in a research report on Tuesday, November 7th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $90.00 price objective on shares of Duke Energy Corporation in a research report on Monday, November 6th. Finally, Zacks Investment Research upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $86.90.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.07% of the company’s stock.
Duke Energy Corporation (NYSE DUK) opened at $90.58 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The firm has a market capitalization of $63,760.77, a price-to-earnings ratio of 20.47, a PEG ratio of 4.98 and a beta of 0.26. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $91.80.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The business had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 EPS. sell-side analysts forecast that Duke Energy Corporation will post 4.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s payout ratio is presently 117.49%.
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.
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