Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its stake in shares of Duke Energy Corp (NYSE:DUK) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,722 shares of the utilities provider’s stock after selling 1,408 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Duke Energy were worth $12,190,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Shell Asset Management Co. grew its position in Duke Energy by 1.9% in the 1st quarter. Shell Asset Management Co. now owns 171,176 shares of the utilities provider’s stock worth $13,845,000 after purchasing an additional 3,117 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in shares of Duke Energy by 5.8% in the first quarter. Nicholas Hoffman & Company LLC. now owns 20,473 shares of the utilities provider’s stock valued at $1,656,000 after buying an additional 1,127 shares during the period. Bedel Financial Consulting Inc. grew its position in Duke Energy by 9.5% during the first quarter. Bedel Financial Consulting Inc. now owns 4,482 shares of the utilities provider’s stock worth $363,000 after buying an additional 390 shares in the last quarter. National Asset Management Inc. increased its stake in Duke Energy by 81.1% during the first quarter. National Asset Management Inc. now owns 27,873 shares of the utilities provider’s stock valued at $2,255,000 after acquiring an additional 12,486 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in Duke Energy by 34.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 37,999 shares of the utilities provider’s stock valued at $3,073,000 after acquiring an additional 9,680 shares in the last quarter. 64.29% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the company. Credit Suisse Group upgraded Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $96.00 to $108.00 in a research report on Tuesday, February 18th. UBS Group lowered their price target on shares of Duke Energy from $113.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Barclays reduced their price objective on shares of Duke Energy from $104.00 to $79.00 and set an “equal weight” rating for the company in a report on Thursday, March 26th. Vertical Research assumed coverage on shares of Duke Energy in a research report on Monday, February 24th. They set a “buy” rating and a $112.00 target price on the stock. Finally, Wells Fargo & Co lowered their target price on shares of Duke Energy from $108.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $93.29.
Shares of NYSE DUK traded up $0.89 during mid-day trading on Friday, hitting $83.23. 2,760,557 shares of the stock were exchanged, compared to its average volume of 3,528,815. Duke Energy Corp has a twelve month low of $62.13 and a twelve month high of $103.79. The stock’s fifty day simple moving average is $84.10 and its two-hundred day simple moving average is $89.38. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.45 and a current ratio of 0.67. The company has a market cap of $60.44 billion, a P/E ratio of 16.45, a PEG ratio of 3.42 and a beta of 0.33.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, May 12th. The utilities provider reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.05). Duke Energy had a return on equity of 8.13% and a net margin of 15.17%. The business had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter last year, the company earned $1.24 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts predict that Duke Energy Corp will post 5.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be paid a $0.945 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.54%. Duke Energy’s dividend payout ratio (DPR) is presently 74.70%.
In other Duke Energy news, SVP Harry K. Sideris sold 1,285 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $80.42, for a total value of $103,339.70. Following the completion of the sale, the senior vice president now owns 5,396 shares in the company, valued at approximately $433,946.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn J. Good sold 16,400 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $91.86, for a total transaction of $1,506,504.00. Following the completion of the transaction, the chief executive officer now directly owns 302,325 shares of the company’s stock, valued at $27,771,574.50. The disclosure for this sale can be found here. Insiders sold 18,213 shares of company stock valued at $1,652,221 over the last ninety days. 0.11% of the stock is currently owned by company insiders.
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.
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