The Eagle Global Advisors LLC Maintains Position in Duke Energy Corporation (DUK)

The Eagle Global Advisors LLC Maintains Position in Duke Energy Corporation (DUK)

Eagle Global Advisors LLC continued to hold its stake in shares of Duke Energy Corporation (NYSE:DUK) during the third quarter, Holdings Channel reports. The institutional investor owned 3,877 shares of the company’s stock at the end of the third quarter. Eagle Global Advisors LLC’s holdings in Duke Energy Corporation were worth $310,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Van Hulzen Asset Management LLC raised its stake in shares of Duke Energy Corporation by 2.4% in the third quarter. Van Hulzen Asset Management LLC now owns 1,262 shares of the company’s stock valued at $101,000 after buying an additional 29 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Duke Energy Corporation by 14.3% in the second quarter. Sunbelt Securities Inc. now owns 1,523 shares of the company’s stock valued at $131,000 after buying an additional 190 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Duke Energy Corporation during the third quarter valued at about $149,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Duke Energy Corporation by 11.4% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 1,960 shares of the company’s stock valued at $157,000 after buying an additional 200 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Duke Energy Corporation by 69.3% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,116 shares of the company’s stock valued at $169,000 after buying an additional 866 shares during the last quarter. Institutional investors own 55.97% of the company’s stock.

Duke Energy Corporation (NYSE:DUK) traded up 0.05% during mid-day trading on Wednesday, hitting $77.50. 2,235,709 shares of the stock traded hands. The company’s 50 day moving average is $76.40 and its 200 day moving average is $79.51. Duke Energy Corporation has a 12 month low of $70.35 and a 12 month high of $87.75. The company has a market cap of $53.39 billion, a P/E ratio of 18.75 and a beta of 0.11.

Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings data on Friday, November 4th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.10. Duke Energy Corporation had a net margin of 12.27% and a return on equity of 8.20%. The firm earned $6.43 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the company earned $1.47 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts expect that Duke Energy Corporation will post $4.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 16th. Stockholders of record on Friday, February 17th will be issued a dividend of $0.855 per share. The ex-dividend date is Wednesday, February 15th. This represents a $3.42 annualized dividend and a dividend yield of 4.41%. Duke Energy Corporation’s payout ratio is 82.61%.

Several brokerages have recently issued reports on DUK. Vetr upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating and set a $76.67 price target for the company in a research note on Monday, January 2nd. Scotiabank reaffirmed a “sector perform” rating and issued a $83.00 price objective (down from $88.00) on shares of Duke Energy Corporation in a report on Monday, November 7th. J P Morgan Chase & Co downgraded shares of Duke Energy Corporation from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $79.00 to $77.00 in a report on Friday, December 16th. SunTrust Banks, Inc. raised their price objective on shares of Duke Energy Corporation from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, September 26th. Finally, Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Four analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $78.97.

In related news, Director John H. Forsgren acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was purchased at an average cost of $77.80 per share, with a total value of $77,800.00. Following the completion of the acquisition, the director now directly owns 1,165 shares of the company’s stock, valued at $90,637. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Frank H. Yoho bought 14,850 shares of Duke Energy Corporation stock in a transaction on Friday, November 18th. The shares were acquired at an average cost of $74.00 per share, with a total value of $1,098,900.00. Following the completion of the acquisition, the executive vice president now owns 23,687 shares of the company’s stock, valued at approximately $1,752,838. The disclosure for this purchase can be found here. Insiders own 0.08% of the company’s stock.

Duke Energy Corporation Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUK).

Related posts

Leave a Comment