Todays Report: Today, Toronto Dominion Bank Reduces Position in Duke Energy Corp. (DUK)

Today, Toronto Dominion Bank Reduces Position in Duke Energy Corp. (DUK)

Toronto Dominion Bank cut its position in shares of Duke Energy Corp. (NYSE:DUK) by 36.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,449 shares of the company’s stock after selling 23,692 shares during the period. Toronto Dominion Bank’s holdings in Duke Energy Corp. were worth $3,241,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Concorde Asset Management LLC increased its position in Duke Energy Corp. by 0.4% in the second quarter. Concorde Asset Management LLC now owns 2,538 shares of the company’s stock worth $217,000 after buying an additional 10 shares during the last quarter. Verus Financial Partners Inc. increased its position in Duke Energy Corp. by 0.3% in the second quarter. Verus Financial Partners Inc. now owns 3,718 shares of the company’s stock worth $319,000 after buying an additional 11 shares during the last quarter. Kanawha Capital Management LLC increased its position in Duke Energy Corp. by 0.3% in the third quarter. Kanawha Capital Management LLC now owns 4,610 shares of the company’s stock worth $369,000 after buying an additional 13 shares during the last quarter. BKD Wealth Advisors LLC increased its position in Duke Energy Corp. by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 3,338 shares of the company’s stock worth $286,000 after buying an additional 14 shares during the last quarter. Finally, D Orazio & Associates Inc. increased its position in Duke Energy Corp. by 0.8% in the second quarter. D Orazio & Associates Inc. now owns 1,740 shares of the company’s stock worth $149,000 after buying an additional 14 shares during the last quarter. 56.89% of the stock is 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 company’s 50 day moving average price is $76.95 and its 200-day moving average price is $80.61. The stock has a market cap of $51.22 billion, a P/E ratio of 17.99 and a beta of 0.13. Duke Energy Corp. has a 52-week low of $65.50 and a 52-week high of $87.75.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, November 18th will be issued a $0.855 dividend. 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 dividend payout ratio (DPR) is currently 82.61%.

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

In related news, EVP Frank H. Yoho bought 14,850 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was purchased at an average price 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 $1,752,838. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director John H. Forsgren bought 1,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was bought at an average cost of $77.80 per share, with a total value of $77,800.00. Following the acquisition, the director now directly owns 1,165 shares of the company’s stock, valued at approximately $90,637. The disclosure for this purchase can be found here. 0.08% of the stock is currently owned by insiders.

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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