2 weeks Ago By Defense World Staff
B. Riley Wealth Advisors Inc. reduced its position in Duke Energy Co.
( NYSE:DUK – Free Report ) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,602 shares of the utilities provider’s stock after selling 8,469 shares during the period.
B. Riley Wealth Advisors Inc.’s holdings in Duke Energy were worth $7,578,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new position in Duke Energy during the 1st quarter worth $25,000. Fortitude Family Office LLC grew its position in Duke Energy by 69.
6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 119 shares in the last quarter. Olistico Wealth LLC purchased a new stake in Duke Energy in the 2nd quarter valued at about $30,000.
Riverview Trust Co purchased a new position in shares of Duke Energy in the 1st quarter worth approximately $30,000. Finally, Sachetta LLC grew its holdings in shares of Duke Energy by 41.9% in the second quarter.
Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.
Insiders Place Their Bets In related news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.
64, for a total value of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.
76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Corporate insiders own 0.
10% of the company’s stock. Duke Energy Stock Performance Duke Energy ( NYSE:DUK – Get Free Report ) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.
18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16.
The company had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion.
Duke Energy had a net margin of 14.29% and a return on equity of 9.71%.
Duke Energy’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.
91 earnings per share. Research analysts forecast that Duke Energy Co. will post 5.
97 EPS for the current fiscal year. Duke Energy Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were paid a dividend of $1.
045 per share. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03.
The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.18 annualized dividend and a yield of 3.
60%. Duke Energy’s dividend payout ratio (DPR) is currently 105.03%.
Analyst Upgrades and Downgrades Several research firms have weighed in on DUK. Barclays boosted their price objective on Duke Energy from $99.00 to $102.
00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Scotiabank increased their price target on shares of Duke Energy from $104.00 to $113.
00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th.
Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price for the company.
Finally, Morgan Stanley lifted their price target on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th.
Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.79.
Read Our Latest Stock Report on Duke Energy About Duke Energy ( Free Report ) Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.
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