Trading Report: Today, Duke Energy Corp. (DUK) Position Maintained by Perkins Coie Trust Co

Today, Duke Energy Corp. (DUK) Position Maintained by Perkins Coie Trust Co

Perkins Coie Trust Co continued to hold its stake in shares of Duke Energy Corp. (NYSE:DUK) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,280 shares of the company’s stock at the end of the third quarter. Perkins Coie Trust Co’s holdings in Duke Energy Corp. were worth $102,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Duke Energy Corp. by 3.4% in the second quarter. Vanguard Group Inc. now owns 44,722,836 shares of the company’s stock valued at $3,836,772,000 after buying an additional 1,482,476 shares during the period. BlackRock Fund Advisors boosted its position in Duke Energy Corp. by 18.4% in the second quarter. BlackRock Fund Advisors now owns 12,910,189 shares of the company’s stock valued at $1,107,565,000 after buying an additional 2,003,471 shares during the period. Capital Research Global Investors boosted its position in Duke Energy Corp. by 7.9% in the second quarter. Capital Research Global Investors now owns 12,679,773 shares of the company’s stock valued at $1,087,798,000 after buying an additional 929,411 shares during the period. Capital World Investors boosted its position in Duke Energy Corp. by 7.4% in the second quarter. Capital World Investors now owns 10,874,999 shares of the company’s stock valued at $932,966,000 after buying an additional 750,000 shares during the period. Finally, BlackRock Group LTD boosted its position in Duke Energy Corp. by 2.6% in the second quarter. BlackRock Group LTD now owns 5,914,508 shares of the company’s stock valued at $507,405,000 after buying an additional 148,692 shares during the period. 56.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Duke Energy Corp. (NYSE:DUK) traded up 1.10% on Friday, reaching $74.35. 1,972,203 shares of the company’s stock were exchanged. The firm has a market cap of $51.22 billion, a PE ratio of 17.99 and a beta of 0.13. Duke Energy Corp. has a one year low of $65.50 and a one year high of $87.75. The company has a 50 day moving average price of $76.87 and a 200 day moving average price of $80.57.

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

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

Several research firms recently weighed in on DUK. Howard Weil decreased their price objective on shares of Duke Energy Corp. from $88.00 to $83.00 and set a “sector perform” rating on the stock in a research report on Monday, November 7th. Mizuho upped their price objective on shares of Duke Energy Corp. from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. SunTrust Banks Inc. decreased their price objective on shares of Duke Energy Corp. from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, September 12th. Scotiabank restated a “sector perform” rating and issued a $88.00 price objective (up from $78.00) on shares of Duke Energy Corp. in a research report on Wednesday, August 10th. Finally, Zacks Investment Research cut shares of Duke Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Two research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. Duke Energy Corp. has a consensus rating of “Hold” and a consensus target price of $79.73.

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

Duke Energy Corp. 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).

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