Today: The Duke Energy Corp. (DUK) Stake Increased by Carroll Financial Associates Inc.

The Duke Energy Corp. (DUK) Stake Increased by Carroll Financial Associates Inc.

Carroll Financial Associates Inc. raised its stake in shares of Duke Energy Corp. (NYSE:DUK) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,764 shares of the company’s stock after buying an additional 6,054 shares during the period. Duke Energy Corp. accounts for approximately 1.0% of Carroll Financial Associates Inc.’s holdings, making the stock its 19th largest position. Carroll Financial Associates Inc.’s holdings in Duke Energy Corp. were worth $6,944,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Concorde Asset Management LLC raised its stake in shares of Duke Energy Corp. by 0.4% in the second quarter. Concorde Asset Management LLC now owns 2,538 shares of the company’s stock valued at $217,000 after buying an additional 10 shares during the period. Verus Financial Partners Inc. raised its stake in shares of Duke Energy Corp. by 0.3% in the second quarter. Verus Financial Partners Inc. now owns 3,718 shares of the company’s stock valued at $319,000 after buying an additional 11 shares during the period. BKD Wealth Advisors LLC raised its stake in shares of Duke Energy Corp. by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 3,338 shares of the company’s stock valued at $286,000 after buying an additional 14 shares during the period. D Orazio & Associates Inc. raised its stake in shares of Duke Energy Corp. by 0.8% in the second quarter. D Orazio & Associates Inc. now owns 1,740 shares of the company’s stock valued at $149,000 after buying an additional 14 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Duke Energy Corp. by 0.6% in the second quarter. Sequoia Financial Advisors LLC now owns 3,451 shares of the company’s stock valued at $296,000 after buying an additional 19 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, hitting $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 firm has a 50 day moving average of $76.87 and a 200 day moving average of $80.57. The firm has a market cap of $51.22 billion, a price-to-earnings ratio of 17.99 and a beta of 0.13.

Duke Energy Corp. (NYSE:DUK) last announced its quarterly earnings results on Friday, November 4th. The company reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.10. Duke Energy Corp. 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 the consensus estimate of $3.09 billion. During the same quarter last year, the firm earned $1.47 EPS. The firm’s revenue for the quarter 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 fiscal year.

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

Several equities research analysts have issued reports on the company. Bank of America Corp. lowered Duke Energy Corp. from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $78.00 to $69.00 in a research note on Tuesday. They noted that the move was a valuation call. Scotiabank reaffirmed a “sector perform” rating and set a $83.00 price target (down previously from $88.00) on shares of Duke Energy Corp. in a research note on Monday, November 7th. Howard Weil dropped their price target on Duke Energy Corp. from $88.00 to $83.00 and set a “sector perform” rating for the company in a research note on Monday, November 7th. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a research note on Tuesday, October 4th. Finally, Citigroup Inc. dropped their price target on Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating for the company in a research note 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 stock. The company currently has a consensus rating of “Hold” and an average price target of $79.73.

In related news, EVP Frank H. Yoho bought 14,850 shares of Duke Energy Corp. stock in a transaction dated 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 transaction, the executive vice president now owns 23,687 shares in the company, valued at approximately $1,752,838. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John H. Forsgren bought 1,000 shares of Duke Energy Corp. stock in a transaction dated Wednesday, November 9th. The shares were bought at an average cost of $77.80 per share, for a total transaction of $77,800.00. Following the completion of the transaction, the director now 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 company 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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