APG Asset Management N.V. reduced its position in Duke Energy Corp (NYSE:DUK) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,287,500 shares of the utilities provider’s stock after selling 11,900 shares during the quarter. APG Asset Management N.V.’s holdings in Duke Energy were worth $99,762,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its holdings in Duke Energy by 2.4% in the 2nd quarter. Captrust Financial Advisors now owns 98,188 shares of the utilities provider’s stock valued at $8,664,000 after buying an additional 2,301 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Duke Energy by 2.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,493,082 shares of the utilities provider’s stock valued at $219,990,000 after buying an additional 65,853 shares during the period. TCG Advisors LP increased its holdings in Duke Energy by 4.4% in the 2nd quarter. TCG Advisors LP now owns 7,699 shares of the utilities provider’s stock valued at $686,000 after buying an additional 327 shares during the period. MML Investors Services LLC increased its holdings in Duke Energy by 2.9% in the 2nd quarter. MML Investors Services LLC now owns 113,983 shares of the utilities provider’s stock valued at $10,058,000 after buying an additional 3,230 shares during the period. Finally, Roble Belko & Company Inc bought a new position in Duke Energy in the 2nd quarter valued at about $385,000. 60.27% of the stock is currently owned by hedge funds and other institutional investors.
DUK opened at $94.96 on Friday. The company’s 50 day moving average is $90.36 and its 200-day moving average is $89.29. Duke Energy Corp has a 1-year low of $78.00 and a 1-year high of $95.70. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26. The company has a market cap of $68.44 billion, a P/E ratio of 19.37, a PEG ratio of 3.86 and a beta of 0.09.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period last year, the company posted $0.93 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts forecast that Duke Energy Corp will post 4.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be given a dividend of $0.945 per share. The ex-dividend date is Thursday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 annualized dividend and a yield of 3.98%. Duke Energy’s dividend payout ratio (DPR) is currently 80.08%.
In related news, EVP Douglas F. Esamann sold 4,430 shares of Duke Energy stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $92.44, for a total transaction of $409,509.20. Following the sale, the executive vice president now directly owns 64,722 shares in the company, valued at approximately $5,982,901.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Lloyd M. Yates sold 20,000 shares of Duke Energy stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $90.81, for a total transaction of $1,816,200.00. Following the sale, the executive vice president now owns 41,154 shares in the company, valued at $3,737,194.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,362 shares of company stock worth $2,401,576. 0.09% of the stock is owned by corporate insiders.
A number of equities research analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Barclays reduced their price target on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 18th. SunTrust Banks set a $96.00 price target on shares of Duke Energy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. set a $90.00 price target on shares of Duke Energy and gave the company a “hold” rating in a research note on Monday, May 20th. Finally, Credit Suisse Group raised their price target on shares of Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $92.44.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
See Also: Growth Stocks
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.