Duke Energy Corp (NYSE:DUK) Shares Acquired by Leavell Investment Management Inc.
Leavell Investment Management Inc. increased its position in Duke Energy Corp (NYSE:DUK) by 1.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,877 shares of the utilities provider’s stock after purchasing an additional 1,040 shares during the period. Leavell Investment Management Inc.’s holdings in Duke Energy were worth $5,019,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of DUK. BlackRock Inc. grew its stake in Duke Energy by 2.6% in the first quarter. BlackRock Inc. now owns 49,544,716 shares of the utilities provider’s stock worth $4,459,023,000 after purchasing an additional 1,274,643 shares in the last quarter. Geode Capital Management LLC grew its stake in Duke Energy by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock worth $771,079,000 after purchasing an additional 750,534 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Duke Energy by 19.7% in the first quarter. California Public Employees Retirement System now owns 4,394,565 shares of the utilities provider’s stock worth $395,511,000 after acquiring an additional 724,378 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Duke Energy by 5,502.1% in the first quarter. Assenagon Asset Management S.A. now owns 599,423 shares of the utilities provider’s stock worth $53,948,000 after acquiring an additional 588,723 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Duke Energy by 31.7% in the first quarter. Janus Henderson Group PLC now owns 1,839,077 shares of the utilities provider’s stock worth $165,509,000 after acquiring an additional 442,441 shares during the last quarter. Institutional investors and hedge funds own 60.01% of the company’s stock.
DUK has been the topic of a number of recent research reports. KeyCorp initiated coverage on shares of Southern in a report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Barclays cut shares of to an “underweight” rating and set a GBX 4,400 ($57.49) target price on the stock. in a report on Tuesday, June 18th. Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. ValuEngine cut shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Finally, JPMorgan Chase & Co. set a $90.00 target price on shares of Duke Energy and gave the stock a “hold” rating in a report on Monday, May 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Duke Energy has an average rating of “Hold” and an average price target of $91.50.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.03. The company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.39 billion. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 earnings per share. On average, equities analysts forecast that Duke Energy Corp will post 4.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Thursday, August 15th. This is a boost from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s payout ratio is 78.60%.
In other news, EVP Lloyd M. Yates sold 5,117 shares of Duke Energy stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $88.20, for a total transaction of $451,319.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director E Marie Mckee sold 1,781 shares of Duke Energy stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $87.37, for a total value of $155,605.97. Following the sale, the director now directly owns 1 shares in the company, valued at approximately $87.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,598 shares of company stock worth $752,989. Corporate insiders own 0.09% of the company’s stock.
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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