Trade Report: Today, Creative Planning invests in Duke Energy Corp. (DUK) Shares

Today, Creative Planning invests in Duke Energy Corp. (DUK) Shares

Creative Planning boosted its stake in shares of Duke Energy Corp. (NYSE:DUK) by 5.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,675 shares of the company’s stock after buying an additional 5,547 shares during the period. Creative Planning’s holdings in Duke Energy Corp. were worth $8,218,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its stake in Duke Energy Corp. by 85.6% in the second quarter. Acadian Asset Management LLC now owns 957,001 shares of the company’s stock valued at $82,100,000 after buying an additional 441,335 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in Duke Energy Corp. by 53.9% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the company’s stock valued at $81,984,000 after buying an additional 334,778 shares during the period. Aviance Capital Management LLC boosted its stake in Duke Energy Corp. by 21.7% in the second quarter. Aviance Capital Management LLC now owns 377,236 shares of the company’s stock valued at $32,363,000 after buying an additional 67,349 shares during the period. Strs Ohio boosted its stake in Duke Energy Corp. by 2.2% in the second quarter. Strs Ohio now owns 742,611 shares of the company’s stock valued at $63,708,000 after buying an additional 15,753 shares during the period. Finally, Parsec Financial Management Inc. boosted its stake in Duke Energy Corp. by 4.5% in the second quarter. Parsec Financial Management Inc. now owns 147,025 shares of the company’s stock valued at $12,613,000 after buying an additional 6,352 shares during the period. 56.89% of the stock is owned by institutional investors.

Duke Energy Corp. (NYSE:DUK) traded up 1.10% on Friday, reaching $74.35. The company’s stock had a trading volume of 1,972,203 shares. Duke Energy Corp. has a 12 month low of $65.50 and a 12 month high of $87.75. The stock’s 50 day moving average price is $76.87 and its 200 day moving average price is $80.57. The company has a market cap of $51.22 billion, a P/E ratio of 17.99 and a beta of 0.13.

Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings results on Friday, November 4th. The company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.10. Duke Energy Corp. had a return on equity of 8.20% and a net margin of 12.27%. The firm earned $6.43 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the business posted $1.47 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Duke Energy Corp. will post $4.67 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, November 18th will be issued a dividend of $0.855 per share. The ex-dividend date is Wednesday, November 16th. This represents a $3.42 dividend on an annualized basis and a yield of 4.60%. Duke Energy Corp.’s payout ratio is currently 82.61%.

Several research analysts have recently issued reports on the company. Bank of America Corp. lowered Duke Energy Corp. from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $78.00 to $69.00 in a research report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research upgraded Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Thursday, September 15th. SunTrust Banks Inc. reduced their price target on Duke Energy Corp. from $83.00 to $81.00 and set a “neutral” rating on the stock in a research report on Monday, August 29th. Argus restated a “hold” rating on shares of Duke Energy Corp. in a research report on Wednesday, September 14th. Finally, Citigroup Inc. reduced their price target on Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. Duke Energy Corp. has an average rating of “Hold” and an average target price of $79.73.

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

About Duke Energy Corp.

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).

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