MainStreet Investment Advisors LLC Sells 3,122 Shares of Duke Energy Corp (NYSE:DUK)
MainStreet Investment Advisors LLC decreased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 17.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,810 shares of the utilities provider’s stock after selling 3,122 shares during the period. MainStreet Investment Advisors LLC’s holdings in Duke Energy were worth $1,307,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Leavell Investment Management Inc. increased its holdings in shares of Duke Energy by 1.9% in the second quarter. Leavell Investment Management Inc. now owns 56,877 shares of the utilities provider’s stock worth $5,019,000 after buying an additional 1,040 shares during the period. Asset Planning Services Ltd. purchased a new position in shares of Duke Energy in the second quarter worth about $52,000. Capital Investment Advisors LLC increased its holdings in shares of Duke Energy by 8.2% in the second quarter. Capital Investment Advisors LLC now owns 52,326 shares of the utilities provider’s stock worth $4,617,000 after buying an additional 3,972 shares during the period. Sabal Trust CO increased its holdings in shares of Duke Energy by 3.2% in the second quarter. Sabal Trust CO now owns 221,961 shares of the utilities provider’s stock worth $19,586,000 after buying an additional 6,895 shares during the period. Finally, Tompkins Financial Corp increased its holdings in shares of Duke Energy by 6.4% in the second quarter. Tompkins Financial Corp now owns 50,445 shares of the utilities provider’s stock worth $4,451,000 after buying an additional 3,052 shares during the period. 60.01% of the stock is owned by institutional investors.
In other Duke Energy news, Director E Marie Mckee sold 1,781 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $87.37, for a total transaction of $155,605.97. Following the transaction, the director now owns 1 shares in the company, valued at approximately $87.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lloyd M. Yates sold 5,117 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $88.20, for a total value of $451,319.40. The disclosure for this sale can be found here. Insiders have sold a total of 8,598 shares of company stock worth $752,989 in the last quarter. Company insiders own 0.09% of the company’s stock.
Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the business earned $1.28 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts expect that Duke Energy Corp will post 4.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.945 per share. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.33%. Duke Energy’s dividend payout ratio is 78.60%.
Several research analysts have recently commented on the company. Morgan Stanley set a $18.00 price objective on PG&E and gave the stock a “hold” rating in a report on Friday, June 14th. Bank of America upgraded Copa from a “neutral” rating to a “buy” rating in a report on Monday, May 13th. Zacks Investment Research downgraded Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Barclays downgraded to an “underweight” rating and set a GBX 4,400 ($57.49) price objective on the stock. in a report on Tuesday, June 18th. Finally, JPMorgan Chase & Co. set a $90.00 price target on Duke Energy and gave the company a “hold” rating in a report on Monday, May 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $92.00.
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.
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