Burney Co.'s holdings in Duke Energy Corporation were worth $488,000 at the end of the most recent reporting period.
Investors are always on the look for the next great stock to own.
Duke Energy Corporation (DUK), a part of Utilities sector and belongs to Electric Utilities industry; ended its day with gain 0.25% and finalized at the price of $85.12.
Duke Energy reported profits of $686 million in the second quarter, an increase of about 35 percent from the same period a year earlier. Beacon Financial Group now owns 110,158 shares of the utilities provider's stock worth $9,037,000 after buying an additional 1,622 shares in the last quarter. Hexavest Inc. increased its stake in shares of Duke Energy Corporation by 4.4% in the first quarter. The firm acquired 8,221 shares of the utilities provider's stock, valued at approximately $674,000. Daiwa SB Investments Ltd. bought a new stake in Duke Energy Corporation during the second quarter valued at approximately $130,000. For the last period, the company reported quarter over quarter EPS growth of 23.20% and quarter over quarter sales growth of 6.50%.
Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. Fmr Limited Liability Company invested 0.04% in Duke Energy Corp (NYSE:DUK). Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. On a similar note, the stock is 0.19% above its 50-day moving average, providing a measure of support for short positions. The company has a market cap of $59.61 billion, a PE ratio of 27.16 and a beta of 0.24.
United States of America based company, Duke Energy Corporation (DUK)'s latest closing price distance was at 5.71% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 0.18% and 1.34% compared with the 20 Day Moving Average. The utilities provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.03 by $0.01. The company had revenue of $5.73 billion for the quarter, compared to analysts' expectations of $5.76 billion. Duke Energy had 45 analyst reports since August 7, 2015 according to SRatingsIntel. The business's quarterly revenue was up 6.5% compared to the same quarter past year. During the same period past year, the firm posted $1.13 earnings per share. On average, equities analysts predict that Duke Energy Corporation will post $4.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be issued a $0.89 dividend. This is a boost from Duke Energy Corporation's previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corporation's dividend payout ratio (DPR) is now 109.27%.
TRADEMARK VIOLATION WARNING: "Dixon Hubard Feinour & Brown Inc". Advantage Investment Management LLC raised its stake in Duke Energy Corporation by 37.4% in the first quarter. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & global copyright and trademark legislation. The original version of this piece can be viewed at https://www.thestockobserver.com/2017/08/02/uss-investment-management-ltd-buys-4800-shares-of-duke-energy-corporation-nyseduk-updated.html.
A number of equities research analysts recently commented on the company.
Analysts' mean recommendation for Duke Energy Corporation (DUK) stands at 3.10. BidaskClub lowered Duke Energy Corporation from a "buy" rating to a "hold" rating in a research note on Saturday, June 24th. Zacks Investment Research raised Duke Energy Corporation from a "sell" rating to a "hold" rating in a research note on Tuesday, June 13th. Morgan Stanley reiterated an "equal weight" rating and set a $87.00 price target (down from $91.00) on shares of Duke Energy Corporation in a research report on Monday, July 10th. Finally, Deutsche Bank AG lifted their price objective on Duke Energy Corporation from $81.00 to $83.00 and gave the stock a "hold" rating in a research report on Tuesday, April 11th. Zimmer Partners Lp sold 748,232 shares as Duke Energy Corp New (DUK)'s stock rose 6.39%. The stock presently has an average rating of "Hold" and an average price target of $82.23.
In other news, Director E Marie Mckee sold 1,937 shares of the business's stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $82.86, for a total transaction of $181,463.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Forte Capital LLC ADV now owns 6,338 shares of the utilities provider's stock valued at $520,000 after buying an additional 493 shares during the last quarter. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. It turned negative, as 54 investors sold Duke Energy Corp shares while 359 reduced holdings. The company's Gas Utilities and Infrastructure business unit distributes natural gas to approximately 1.6 million customers in the Carolinas, Ohio, Kentucky and Tennessee.